Hong Kong Financial Services and the Treasury Bureau: AI guidelines for the accounting and auditing industry will be launched in the short term

According to Odaily, Lai Cui Bi, CEO of the Hong Kong Accounting and Financial Reporting Council, stated that the bureau is currently referencing international standards to formulate guidelines for the application of AI in the accounting and auditing industries. These guidelines are expected to be released in the short term and are not mandatory rules but rather advisory in nature, aiming to assist the industry in properly managing related risks while embracing technology. (Hong Kong Ta Kung Pao)