Issue no. 479 (24 January 2014)
  
  Dear members/member practices,  
     
 
  Highlights
 
 
  President talks to media about audit regulation reform  

Hong Kong Economic Journal and Hong Kong Economic Times both carried extensive features about the Institute President Clement Chan this week, covering issues including audit regulation reform, profession's liability reform and requirement for listed companies to appoint a qualified accountant.

 
Council co-opts two new members

At its meeting on 21 Jan., Council co-opted two new members for 2014: Richard Tse, Vice President – Finance & Corporate Services, Hong Kong Science and Technology Parks Corporation and Gary Biddle, PCCW Professor, Chair of Accounting, The University of Hong Kong. The two co-opted Council members will hold office until the end of the next AGM.
Liaison meeting with the State Administration of Taxation

Click here to see the notes of the 2013 liaison meeting between the Institute's representatives, including Mainland Taxation Subcommittee members, and the State Administration of Taxation.
Blessings for the Year of the Horse

The Institute wishes you, your family, friends and colleagues a year rich in health, happiness and success. Click to see the greeting e-card.

Early closing and library conversion

The Institute will close at 4 p.m. on 30 Jan. for Chinese New Year's Eve. The library will close from 27 Jan. to mid-April for renovation.
 
  Professional development and events
Fair value measurement
The financial reporting seminar on 18 March will focus on the application of HKFRS 13 Fair Value Measurement and its implications on valuing different assets and liabilities.
Measuring the fair value of non-tradable financial assets
The seminar on 31 March will talk about how to estimate credit value adjustments on financing assets and solutions on evaluating the risk and value of complex financial instruments. +
Successful listing in Hong Kong
The two-day sessions on 8 and 20 Feb. will cover preparation for a successful Hong Kong listing, common problems involved and post-listing obligations. +
Reminder
Don't miss the seminar on 19 Feb. which will introduce field audit and technique in attending the initial interview with IRD. +
Learn more about the latest update and related issues on the 2013 PRC individual income tax at the seminar on 28 Feb. +
The key mindset and relationship building on self-leadership, change management and how to work with younger generations are among the topics covered in the business management skills series starting in February.
 
   
Dance classes in February
Various dance classes including Rumba, Tango, Jazz Funk, Jazz and Argentine Tango will be held in February. Join now to explore the fun of dancing.
New discount offers
New partner merchants, bma Catering Management, DataExpert Technology, Esquire Hong Kong, i-Runners Ltd., Infiniti Hong Kong and S. Premiere, are offering members discounts and complimentary services.
Reminder: Merry Monday
Don't miss the Merry Monday on 10 Feb., where Institute member Jackie Leung will share his wine selection for a romantic occasion.
 
  Tech updates
Invitation to comment
The Institute's Auditing and Assurance Standards Committee is seeking comments on exposure draft of HKSIR 500 Reporting on Profit Forecasts, Statements of Sufficiency of Working Capital and Statements of Indebtedness.
Members' handbook updates
Members' handbook update 136 contains annual improvements to HKFRSs 2010-12 cycle and 2011-13 cycle. Update 137 contains revised Corporate Practices (Registration) Rules (January 2014) and Statement 1.102 (sch.) Schedule to the CPR Rules "Corporate Practices (Model Memorandum and Articles of Association)" (January 2014).
Practical guide on hedge accounting
PwC has published a guide to discuss the revised requirements on hedge accounting contained in IFRS 9 Financial Instruments. +
Technical publication discounts
PwC Manual of Accounting IFRS 2014 Pack and International GAAP 2014 are now available to members at a discounted rate from Bloomsbury. +
 
  Lifestyle
Collect your marathon runner's pack

CPA runners who have registered the Standard Chartered Marathon with the Institute, please collect your runner's pack from us between 9 and 15 Feb. If you have signed up for the Marathon Expo's group photo session on 8 Feb. at Victoria Park, you can collect your runner's pack at the event.
Singing and music theory classes
If you are enthusiastic in singing, join the pop songs singing technique class or the vocal technique and music theory class starting from mid-February to enhance your singing skills and music knowledge.
Golf day at Phoenix Hill Golf Club
Golf Interest Group is organizing an outbound golf trip to Phoenix Hill Golf Club in China on 22 Feb. for CPA golf enthusiasts. +
 
to CPD learning centre and events calendar for more activities.
 
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Hong Kong CPA Practice Directory See past e-circulars
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