Since ages ago Flash has never had a perfect solution to detect collisions.
The old HitTest method from Actionscript 2.0 has been replaced in Actionscript 3.0 by two separated methods hitTestObject and hitTestPoint, but they are still not perfect.
Luckly there are some good alternatives ( depending on your project ). Here’s a list.
Mike Chambers’s BitmapData.hitTest for Collision Detection
Troy Gilbert’s Pixel-Perfect Collision
Corey O’Neil’s Collision Detection Kit