News

Issue no. 624 (23 December 2016)

Dear members/member practices,

A Plus – Centres of attention

China’s booming e-commerce is putting pressure on its declining malls to create innovative customer experiences, according to the December issue of A Plus. It also covers: IFIAR Chair on key global audit regulatory challenges, leadership talent with non-accounting backgrounds, Truly International Holdings CFO interview and charitable CPAs. Click here to read.

Season's greetings from the Institute

The Institute wishes you, your family, friends and colleagues a wonderful and joyous festive season. Click to see the Christmas e-card.

Holiday break for e-circular

The e-circular will be suspended for one week over the Christmas holidays and will resume in the week of 2 Jan.

China individual income tax

Come join the Taxation Faculty seminar on 5 Jan. to get an update on China individual income tax reform, and implementation and implications of the Common Reporting Standard in China.

Revised CG code and listed companies

The seminar on 18 Jan. will focus on the impacts of the revised Corporate Governance Code on risk management and internal control to listed companies. +

Belt and Road: Hong Kong CPA's perspective

The seminar on 20 Jan. will talk about the relevancy and importance of the Belt and Road initiative to Hong Kong, China and the world, as well as challenges and business opportunities for Hong Kong accountants. +

Making a successful joint venture

Enrol in the seminar on 18 Jan. to learn more about the concerns and risk management of a joint venture, as well as how to draft a joint venture agreement. +

Corporate insolvency and restructuring

The seminar on 24 Jan. will cover the existing framework of corporate insolvency and restructuring in Hong Kong, and recent case studies. +

Subscription to Mainland publications

The Accounting Yearbook of China 2016 (中國會計年鑒 2016年卷) and China Taxation Yearbook 2016 (中國稅務年鑒 2016年卷) are now available for subscription until 13 Jan. +


Reminders
	Apply for the Specialist Designation in Insolvency by 1 Feb., if you have considerable experience and competence in insolvency practice and have gained the SQ (Insolvency).


	Enrol in the Advanced Hong Kong Tax Course by 30 Dec. to enhance your competence in analysing Hong Kong contemporary taxation issues and planning tax solutions.


	Come join the Financial Services Interest Group cocktail reception on 16 Jan. to learn more about the holistic approach to retirement planning.


	Don't forget to sign up as mentee or mentor of the 2017-18 Mentorship Programme by 31 Dec.

Photography sharing session

Come join the photography sharing session on "Fireworks Alive" led by a professional photographer on 20 Jan.


Reminders
	Don't miss the Merry Monday on 9 Jan. to learn more about the distinctions between old world and new world wines.


	Limited spaces are still available in Class B for the weekly fitness training from January to March.

Forthcoming insurance contracts standard

The Institute wrote a letter to the IASB to seek clarification on two key areas relating to the board's recent tentative decisions on the forthcoming insurance contracts standard.

Pre-publication draft of IVS 2017

International Valuation Standard Council has released a pre-publication draft of the new 2017 International Valuation Standards after considering the feedback from comment letters to the IVS exposure drafts.

IASB research forum webcasts

The webcasts of the IASB research forum held in October are now available, covering Conceptual Framework, definition of assets and liabilities, IFRS adoption and IFRS convergence.

Illustrative financial statements

KPMG has published illustrative annual financial statements under HKFRS for the year ending on 31 Dec. 2016.

Sports competition results
	The Institute sent four teams to compete in the annual cross border competition held in Shenzhen on 18 Dec. Our teams placed first in basketball and table tennis, and third in badminton and football. Click to see photos.


	Cyclone A clinched the championship in the bowling summer league, while teams Flash and Turkey placed second and third. Paul Lam and Chloe Hung won the awards for highest scoring game, and Vincent Choi and Carmen Ng were the most improved players. Click to see photos of the awards presentation on 2 Dec.


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

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.

Your personal data collected from the enrolment process and administration of courses will be used for the purpose of the administration of the course on which you are enrolled. Such data collected may be accessible by the Institute's officers, persons or committees processing the application and related matters. In addition, the Institute may use the collected data for statistical research and analysis and, if applicable, for validation of CPD hours. The Institute intends to use the personal data of your name, email address and correspondence address to inform you, where relevant, of CPD activities, members' benefits, goods, services, facilities and events organized or provided by the Institute or other organizations. Members and registered students may opt out of receiving such materials at any time by logging in here. Non-members may opt out of 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. For more information about the privacy policy of the Institute, please click here.
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. For merchandise discounts, please click here for terms & conditions. 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.