Andrew Wong, financial controller of Hong Kong Broadband Network Limited, says being the Institute's authorized employer helps his company attract the right candidates in a competitive job market. He finds QP students have solid technical knowledge and mindset that allows them to cope with changes and meet new challenges.

Krystal Yuen, accounting assistant of Hong Kong Broadband Network Limited, says QP is a reputable accountancy qualification which is well-recognized by employers. She benefits a lot from QP training and finds its knowledge directly relevant to her job.

Professional scepticism, which should never be a new term to any accounting student, is often perceived as the cornerstone of audit quality. The 2015 Quality Assurance Report published by the Hong Kong Institute of Certified Public Accountants highlighted a number of deficiencies in practice which hindered audit effectiveness. One of them is the auditors’ failure in maintaining an appropriate attitude of professional scepticism. In this article, Mr. Eric Y. W. Leung, discusses the definition of professional scepticism and its underlying implications on the audit of financial statements.

The Hong Kong Institute of CPAs' standard setting department highlights a key aspect of the new impairment model of the new HKFRS 9 Financial Instrument, which applies to any entity with receivables (regardless of whether it is trade receivables from debtors or loan receivables from borrowers). HKFRS 9 is the equivalent of IFRS 9 (of the same title) issued by the International Accounting Standards Board. An overview of implementation challenges faced by banks and other corporate entities was reported in the May 2015 issue of A-Plus.

The Career Forum was held successfully on 2 October 2016 at Cyberport Conference and Exhibition Centre. More than 800 participants attended the forum activities including a luncheon cum Career Forum, career-oriented workshops, exhibitions, CPA firm interview and CV doctor. Please click for videos and photo album.

Knowing where people and organizations fall on the spectrum of cultural hurdles to development is key for growing business in today’s working environment, where understanding the ethnic, religious, linguistic and racial background of your prospective client always takes the back seat. Peter Nixon, the founder and managing director of Potential Limited and an Institute member explains how to develop business in today’s world of mixed communities.

(The article is reprinted from A-Plus April 2016 issue.)