News

Issue no. 483 (21 February 2014)

Dear members/member practices,

Highlights

New initiatives on corporate governance disclosure

The Institute is launching new initiatives to help companies enhance corporate governance disclosure and practices. A Guide on Better Corporate Governance Disclosure comprises four topics: the board's roles, internal control, audit committee and communication with shareholders. In conjunction with the guide, a seminar was held on 20 Feb. and another one will be held on 3 April to cover the topics.

Spring cocktail

Secretary for Financial Services and the Treasury Prof. K.C. Chan, together with guests from Hong Kong and the Mainland, joined the Institute's Council and committee members to celebrate the Year of Horse at the spring cocktail on 17 Feb. Click to see photos and the president's speech.

Standard Chartered Marathon 2014

More than 300 CPA runners participated in the Standard Chartered Marathon last Sunday, including the Institute's President Clement Chan, Past President Keith Pogson and Chief Executive Raphael Ding. They represented the Institute to run the 10km race for the SME Chairman Cup. Click to see photos.

All runners are welcome to the post-marathon drinks where trophies will be presented to outstanding runners. Submit your official result now and stay tuned for details of the gathering.


	Professional development and events

CSR and risk management
	The seminar on 10 March will highlight the importance of corporate social responsibility in relation to risk management and how to minimize impact to supply chain when unpredictable disaster strikes. +

TUE session on internal control

The technical update evenings on 25 March will focus on practical aspects of internal control.


Intellectual property protection
Why do companies need to protect their intellectual property? Join the forensics interest group seminar on 3 March to learn more about this and measures that can protect intellectual property.

Forensics Interest Group cocktail

About 60 members, forensics professionals and guests attended the Forensics Interest Group spring cocktail on 19 Feb. Click to see photos.


Reminder
	Don't miss the seminar on 6 March to learn more about the impact of Foreign Account Tax Compliance Act, its compliance timeline and the response from Hong Kong finance industry. +


		Join the HKICPA/CIMA workshops on performance strategy: risk and control and professional competence in management accounting to brush up your skills in those important areas.

Enrol in the budget commentary forum on 26 Feb. to discuss impact of the government budget on the community and economy.

Internal audit workshops

Hong Kong Management Association's workshops starting from 31 March will cover internal audit methodologies, and developing and managing an internal audit. Special rates are offered to Institute members. +

Outstanding Women Professionals and Entrepreneurs Award

The Hong Kong Women Professionals and Entrepreneurs Association's award is open for nomination until 15 March. +


	to CPD learning centre and events calendar for more activities.

IFAC Executive Director's visit

Jim Sylph, IFAC Executive Director, Professional Standards and External Relations, visited the Institute on 17 Feb. and updated members on the latest activities and work plans of the IESBA and IAASB at the lunch seminar.

The Institute's Auditing and Assurance Standards Committee and Ethics Committee also met with Jim to exchange views on IAASB and IESBA consultations on strategy and work plans, and other significant issues in standards development.

Transfer pricing summit

Golden Tax Summit is organizing a conference on 20-21 March to provide the latest updates and best practice of transfer pricing, and trends of anti-avoidance in China. Institute is a co-organizer and members get special rates.


	Tech updates

Institute comments on IASB documents

The Institute has commented on IASB discussion paper of A Review of the Conceptual Framework for Financial Reporting and exposure draft of Equity Method in Separate Financial Statements (Proposed amendments to IAS 27).

Application of IFRS 12 for fund managers

EY has issued a publication to discuss the impact of IFRS 12 Disclosure of Interests in Other Entities on fund managers. +

Lifestyle

Golf day
Come enjoy the golf day at SkyCity Nine Eagles Golf Course on 22 March.


Bowling events
	Come meet the challenge of the annual graded bowling competition on 30 March. Both novice and experienced bowlers are welcome.


	Two coaching courses will start on 9 March for members who wish to improve the bowling technique. +


	Join the bowl-for-fun night on 21 March where our bowling team will provide you some basic coaching. You can also practise for the graded bowling competition.


Quick links:
A Plus		At-a-glance calendar
Technical resources		Visit our website
SMP and SME resource centre		Change personal information
CPD learning resource centre		Email us
Hong Kong CPA Practice Directory		See past e-circulars
HKICPA Source

For general enquiry regarding content of this circular, please call 2287-7228.

If you require any technical assistance on this transmission, please contact IT support team at 2287-7800 or itsupport@hkicpa.org.hk.

The Institute intends to use the personal data of your name, email address and correspondence address to inform you of CPD activities, members' benefits, goods, services, facilities and events organized or provided by the Institute or other organizations. For member and registered student you may opt out from receiving such materials at any time by clicking here. For non-member you may opt out from receiving such materials at any time by sending an email to the Institute at privacyofficer@hkicpa.org.hk or a letter to the Institute's privacy officer.
Disclaimer Some sections contain information from outside sources. We endeavour to link to reputable sources but the Institute is not responsible for the accuracy of the content and the content does not necessarily represent the views of the Institute. This email together with the file(s) transmitted is intended solely for addressee(s) only and may contain confidential or privileged information. If you received this email in error, please contact the sender and delete it together with its attachment(s) from your computer(s). You should note that the views expressed in this email are those of the author and do not necessarily represent those of the Institute. The recipient should check this email and all attachments for the presence of virus. The Institute will not accept liability for any damage caused by any viruses transmitted with this email.