According to a report by the Hong Kong Economic Journal on February TechFlow, the Hong Kong Institute of Certified Public Accountants (HKICPA) President, Law Cheuk-kin, stated that the HKICPA will release two guidelines related to virtual assets this year, one for the independent attestation of licensed stablecoin issuers and the other for the auditing of digital asset-related businesses. Law explained that virtual assets are developing rapidly, but the market lacks standards for handling related assets, and the HKICPA hopes to provide clear direction for the industry. The licensed stablecoin attestation guidelines are expected to be released within six months, while the digital asset-related business auditing guidelines will be released as early as the end of the year.
In addition, the association encourages the accounting industry to make good use of artificial intelligence technology to handle repetitive tasks, improve efficiency and accuracy, and has incorporated topics such as artificial intelligence, virtual assets and stablecoins into professional development courses to adapt to market development trends.
