TechFlow News, February 13: According to the Hong Kong Economic Journal, Lo Cheuk-kin, President of the Hong Kong Institute of Certified Public Accountants (HKICPA), stated that the Institute will launch two virtual asset–related guidelines this year—one on independent attestation for licensed stablecoin issuers and another on auditing digital asset–related business activities. Lo explained that while the virtual asset sector is developing rapidly, the market lacks established standards for handling such assets, and the Institute aims to provide clear direction for the industry. The guideline on attestation for licensed stablecoin issuers is expected to be released within six months, while the auditing guideline for digital asset–related business activities is slated for release by year-end at the earliest.
Additionally, the Institute encourages the accounting profession to leverage artificial intelligence (AI) technologies to handle repetitive tasks, thereby improving efficiency and accuracy. AI, virtual assets, and stablecoins have already been incorporated into the Institute’s professional development courses to keep pace with evolving market trends.
