News

Issue no. 501 (27 June 2014)

Dear members/member practices,

Highlights

Public consultation on listed entity auditors regulatory regime

The government has launched a public consultation on "Proposals to Improve the Regulatory Regime for Listed Entity Auditors." This is the next step in the process, following our member consultation ended earlier this year, to introduce an internationally recognized system of independent regulation of listed company auditors.

The Institute supports the need for reform and has been working closely with the government and FRC to assist in developing a system that meets international benchmarks while addressing local circumstances. Click to see the Institute's press releases and the government's consultation paper and FAQs. The consultation period will end on 19 Sept. The Institute will organize member engagement events to solicit views from our members in formulating our response. You are also encouraged to provide your views directly to the FSTB at rpirrlea@fstb.gov.hk.

Last call: GAA global survey on succession planning

Act now to participate in the GAA global survey regarding the state of succession planning. Your responses will contribute to the international results and allow us to better serve you. The deadline is now extended to 3 July. Please refer to the email sent to you separately with a unique link to the survey.

Consultation on internal controls section of CG code

HKEx has issued a consultation paper on proposed changes to the section of its Corporate Governance Code and Corporate Governance Report relating to internal controls. Click to see the consultation paper and press release and submit your comments by 31 Aug.


	Professional development and events

Insolvency Preparatory II

The Insolvency Preparatory II, starting on 26 July, provides an in-depth and integrated study of financial, management, legal and accounting aspects of insolvency administration, with specific emphasis on practical issues. Enrol now to broaden your skill-set.

Base erosion, profit shifting and transfer pricing

The seminar on 28 July will cover update on OECD’s discussion on base erosion and profit shifting, and key transfer pricing issues relevant to shifting of risks and transfer of intangibles. +


	Latest on anti-corruption
	The Forensic Interest Group seminar on 3 July will focus on the latest international trends and policy developments in anti-corruption.

Ethical decision making

COSO series

The COSO series in July and August will help you learn more about the newly updated version of COSO framework and how it can be applied to internal control system.


Quantity surveying and construction costs
Learn more about different types of construction contracts, cost management, definition of construction costs and trends at the Property, Infrastructure and Construction Interest Group seminar on 11 July.

Youth forum

Come join the youth forum on 26 July with young members of 11 professions to explore the topic "Hong Kong 2030 an idea city" with HKSAR Chief Executive C.Y. Leung.

Reminder: arbitration in Hong Kong

What are the advantages of using arbitration as a dispute resolution method? Come to the seminar on 20 Aug. to learn more about the latest developments in arbitration. +

GAA Accounting published

The June issue of GAA Accounting has been published, featuring articles about business development of young CPAs, women in partnerships, benefits of professional sponsorship for women, how to improve data usage and other stories from accounting bodies around the world.


	Tech updates

Members' handbook update

Members' handbook update no. 149 contains handbook improvement on HKFRS.

Updates on HKFRS

Zhonghui Anda has published updates on Accounting for Acquisitions of Interests in Joint Operations and Clarification of Acceptable Methods of Depreciation and Amortization.

Lifestyle

SRC night

Time to party! Join the annual SRC night on 8 Aug. at Telford Recreation Club in Kowloon Bay to mingle with fellow members and celebrate the achievements of our CPA sportsmen.

Yachting courses

Summer is the best season to enjoy water sports. The Sailing Interest Group is organizing two yachting courses for beginners between July and August.

Reminder: fitness training

To maintain a healthy lifestyle, sign up for the weekly fitness training from July to September.

Corporate governance conference

The Hong Kong Institute of Chartered Secretaries' corporate governance conference will take place on 19 Sept., followed by a site visit the next day to learn more about environmental, social and governance issues. Institute members get special rate and early bird discount by 31 July.



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