News

Issue no. 382 (3 February 2012)

Dear members/member practices,

Highlights

	Budget: more new and long term measures needed
	The government's budget for 2012-13 is solid in the short term but light on the long term, according to the Institute, which talked to the media after the financial secretary's budget speech. The Institute's comments were widely covered by the media including NOW TV , Cable TV, Metro Radio, RTHK, SCMP, Hong Kong Economic Journal and Ming Pao Daily. Click here to see the Institute's press releases and budget proposals submitted earlier.

	In the evening of day of the budget announcement, members attended a forum to discuss the budget with our speakers.

Co-option of council members

Council has co-opted two new members for 2012. They are Gary Poon, principal of Poon & Co. and Ivy Cheung, partner of KMPG.

Year book

A new year book of the Institute has been published to highlight the commitment of our committees, boards, panels, task forces and the council. They contribute to the profession by volunteering their time and expertise. If you want copies, please write to us at hkicpa@hkicpa.org.hk.

GAA paper on improving international standards

GAA's proposals to enhance the quality of international standard setting discusses the increasing influence of international standards on the global economy and national regulation, and the benefits, costs and risks associated with it.

Environmental, social and governance reporting consultation

HKEx has published a consultation paper to seek views on its proposed environmental, social and governance reporting guide, which aims to encourage listed companies to start this kind of reporting. Deadline for comments is 9 April.


	Professional development and events

Financial services interest group cocktail
Tony Tsoi (蔡東豪), former deputy chairman of the HKEx listing committee and CEO of Varitronix International, will be the guest speaker for the financial services interest group cocktail on 22 Feb. Register now and it is free.

Advance your career with treasury qualification

The certificate in international treasury management programme is for people working in treasury, risk and corporate finance, and bankers dealing with corporate clients. It provides a broad and practical understanding of treasury management and combines technical skills for working in international finance.

Mediation seminar

What are the roles of CPAs and arbitrators in mediation and how can arbitration help in dispute resolution? Come to the seminar on 24 Feb. to learn more.

Internal control for listed companies in China and Hong Kong

The seminar on 10 Feb. will show you how listed companies can build effective internal control to support regulatory compliance and improve company performance.

Risk management in banking

Sign up for the seminar on 16 Feb. which will talk about the Basel Capital Accord for banks, risk-based supervisory review, inherent risks check and essential elements for sound risk management.

Last call

	Experience sharing forum on how SMPs can develop successful business relations is taking place on 20 Feb.

Don't miss the CPD series between February and May to learn more about necessary skills for consulting and building business models for your practices.

Hiking to San Shek Wan

The dragon boat interest group is organizing a hiking to San Shek Wan in Lantau Island on 18 Feb.

Dance

Come join the cha cha and waltz classes beginning this month.

	Tech updates

Accounting for euro zone sovereign debts

Deloitte has published an alert regarding the impairment of Greek government bonds and debts issued by other euro zone states.

Mandatory effective date of IFRS 9

Ernst & Young has published an update to discuss the new mandatory effective date and transition disclosures for IFRS 9 Financial Instruments.

Illustrative financial statements 2011 with early application

Deloitte has published illustrative financial statements for 2011 available for early application.

Lifestyle

Standard Chartered marathon this Sunday

President Keith Pogson, vice president Susanna Chiu, sports and recreation club convenor Gabriel Tam, and more than 30 members received the most supportive group trophy last Saturday at the marathon expo. The number of CPA runners this year has jumped 120% to 1,126 from 512 last year. Click here to see photos.

Come support them this Sunday by joining the cheering team.

Fat Choi run

A total of 77 CPA runners, including the Institute's president Keith Pogson, immediate past president Philip Tsai and vice president Susanna Chiu joined the run on 28 Jan. at Bowen Road. Click to see photos.

Merry Monday

The Merry Monday on 6 Feb. will introduce the variety of Chinese tea and the technique of tea brewing and appreciation. You can also join the tea identification game to win a gift.

Golf events
	Come join the joint professional golf tournament on 28 March to compete with members of five other professional bodies.

	Sign up for the golf training class in March and advanced short game course on 17 March to sharpen your skills.

	Last chance to enrol in the golf talk on 24 Feb. with Wilson Choy, former president of Hong Kong Professional Golfers' Association.


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