Hong Kong's Financial Reporting Council to Issue AI Guidelines for Accounting and Auditing Industry in the Near Term

Odaily News: Maretta Lai, CEO of the Hong Kong Accounting and Financial Reporting Council, stated that the council is developing guidelines for the application of AI in the accounting and auditing industry, referencing international standards. The guidelines are expected to be released in the near term. These guidelines are not mandatory rules but are advisory in nature, aiming to assist the industry in embracing technology while properly managing related risks. (Hong Kong Ta Kung Pao)