The IFAC Professional Accountants in Business (PAIB) Committee has released International Good Practice Guidance, Developing and Reporting Supplementary Financial Measures, to provide recommendations for the use of supplementary financial measures as part of high-quality financial reporting in organizations. Since supplementary financial measures fall outside the remit of GAAP, they may lack transparency, comparability, and consistency—essential qualities for investors and other stakeholders wanting to assess financial performance.

IFAC submitted a comment letter to the Financial Services and the Treasury Bureau (FSTB)'s Consultation Paper, Proposals to Improve the Regulatory Regime for Listed Entity Auditors. IFAC commends the FSTB on issuing a very thorough and thoughtful consultation paper that addresses a range of matters that aims to improve the regulatory regime for listed entity auditors in Hong Kong.