27 March 2024 Resolving Non-Compliance in Financial Reporting highlighted in AFRC 2023 Annual Report

Mar 28, 2024

AFRC published the 2023 Annual Investigation and Compliance Report on 4 September 2023, in which it highlighted a number of findings on financial reporting non-compliance.

Highlights of the Webinar:

In the webinar, thanks to our speaker Ms Eunice Chu who shared with the participants some of the findings and the corrective treatments of the issues, including:

a. Classification and measurement of convertible bonds issued

b. Extinguishment of financial liability by issuing shares

c. Revenue recognition of complex transaction and disclosure of changes of contract liabilities

d. Impairment assessment of non-financial assets

Please stay tuned to AWAHK upcoming CPD webinars.


Eunice Chu is an experienced corporate trainer. Equipped with profound knowledge of International/Hong Kong Financial Reporting Standards (I/HKFRS), Eunice is a reputable and well-respected speaker of technical seminars and training to the commercial sector, the finance community, universities, government officers and corporates of Hong Kong, Macao, Vietnam, Cambodia and Asia.

She is the founder of EC Training and Advisory Ltd and Eunice Chu CPA & Co, which delivers professional training and advisory services to the accounting community through ACCA, the Society of Chinese Accountants and Auditors (SCAA), the Association of Women Accountants (Hong Kong) Limited (AWAHK), the Shanghai National Accounting Institute, the government of Macao and Hong Kong. She also maintains an online education platform http://learning.eunicechu.com.

Currently, she is a Senior Lecturer at Kaplan Hong Kong. She is also the Committee Member of ACCA Hong Kong, a Council member of AWAHK, the Chairman of the Professional Development Committee of AWAHK, the Training Committee of SCAA and the Hong Kong Association of Professional Accountants (HKAPA).

Prior to that, Eunice was the Head of Policy of ACCA Hong Kong, and Regional Finance Director of the Asia Pacific Region of Sony Music Asia Inc and Revlon Inc. She had also worked as an auditor at PricewaterhouseCoopers.

She holds a Master's and Bachelor's degree in Business Administration from the University of London and the Chinese University of Hong Kong respectively. She is a member of ACCA, HKICPA, ISCA, SCAA, AWAHK and HKAPA.