News

Issue no. 503 (10 July 2014)

Dear members/member practices,

Highlights

A Plus – Sir David Tweedie on global valuation standards

Sir David Tweedie, the former IASB chairman, talks about his new mission to oversee the creation of a coherent global financial valuation framework in the July issue of A Plus. Other features study the pros and cons of accrual accounting in the public sector, China's booming mergers and acquisitions market and the Institute's sports interest groups. Click here to read the full version.

Public forums on listed entity auditors regulation consultation

The government will hold two consultation sessions on 21 July and 24 Aug. for its "Proposals to Improve the Regulatory Regime of Listed Entity Auditors". Enrolment deadline is 14 July. For updates on the consultation including media coverage, please visit the Institute's dedicated web page.

Consultation forum on standard working hours

To facilitate the consultation by the government's Standard Working Hours Committee with the accountancy profession, the Institute is organizing a forum on 21 July for members to express their views. +


	Professional development and events

Getting prepared for full implementation of the Competition Ordinance
At the PAIB forum on 22 July, representatives from the Competition Commission will talk about the new Competition Ordinance which will come into effect next year. It's also an opportunity for members to give feedback that could help smooth the introduction of the new law and strengthen Hong Kong's competition environment.

Credit management: balance sheet protection and trade risk mitigation

The seminar on 7 Aug. will give an overview on various credit management tools and teach you how to assess credit information, handle collections and litigation, and improve balance sheet management. +


Reminders
		The seminar on 1 Aug. will cover the importance of fund market to Hong Kong economy and its integration with the Mainland market. +

		Don't miss the IPO series in August to learn more about initial public offering issues in Hong Kong and China, and internal control requirements.


	The COSO series looking into the impact of the new COSO framework will be rescheduled to 23 July.

Investment trend

Institute members get special rate for the ET Business College's investment trend seminar on 7 Aug. +

FT non-executive director diploma

A special price is offered to Institute members to enrol in the FT non-executive director diploma. +

Dance classes in July and August

Classes of Samba and Waltz in late July and Jazz Funk and Jazz in August are open for enrolment. Pick your choice to stay fit in the summer.

	Tech updates

Members' handbook updates

Members' handbook update no. 151 contains HKFRS 15 Revenue from Contracts with Customers, while update no. 152 contains handbook improvement on HKFRS.

Update on HKFRS

BDO has published an update on Clarification of Acceptable Methods of Depreciation and Amortization. +

Applying IFRS 11

EY has published a guide to discuss application issues relating to IFRS 11 Joint Arrangements. +

Lifestyle

Snooker league winners

Congratulations to Lam Kwok-shing, Li Lok-man and Ou Ding-miao for winning the top three places in the inaugural CPA snooker league ended on 6 July. Lam Kwok-shing also

was the winner of Highest Break. Click to see full results and photos.

Merry Monday

Institute member Franky Mok will share with you his specially selected white wines from different countries at the Merry Monday on 4 Aug. Join now to taste some chilled white wines in a hot summer evening.

Tennis training course

The elementary tennis training course will commence on Tuesday evenings starting from late July or early August subject to venue availability. Experienced coach will provide a systematic training for beginners.



	to CPD learning centre and events calendar for more activities.


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