News

Issue no. 516 (17 October 2014)

Dear members/member practices,

New opportunity for Hong Kong CPAs in Shanghai

Click here to see a set of trial rules (香港和澳門會計專業人士擔任上海自貿區會計師事務所合夥人試行辦法) formulated by the Shanghai Municipal Finance Bureau, which allows Hong Kong and Macau qualified CPAs who are also CICPA practising members to serve as partners of Mainland CPA practices at Shanghai pilot free trade zone.

Professional judgment guide issued at cross-straits, Hong Kong and Macau conference

Around 500 accounting professionals from the Mainland, Taiwan, Hong Kong and Macau, including the Institute's 121-person delegation led by the President, attended the conference on 12-13 Oct. in Macau. During the conference, a guide on professional judgment for CPAs (註冊會計師職業判斷指南) was issued. The guide covers the concept of professional judgment; relationship between professional judgment, competence and standard; major scope and decision making process of professional judgment; and how to exercise professional judgment. Click to see the guide and photo highlights.

A Plus – FATCA facts

The October issue of A Plus looks at how the U.S. taxes citizens worldwide with its FATCA legislation and the impact on CPAs. Other stories include: ICAEW CEO Michael Izza on the group’s global ambitions, employment prospects for new graduates in Hong Kong and China, how social media can help CPAs thrive and Canon Senior Director's success story. Click here to read

Cocktail reception in Beijing

Come join the cocktail reception in Westin Beijing Financial Street if you will be in Beijing on 3 Nov. Institute President and Council members will attend. Sign up with our Beijing office by 30 Oct.

Reminder: annual dinner

Make your reservation by 3 Nov. to enjoy the early-bird discount of our annual dinner with the theme "CPAs on the Fast Lane" on 8 Dec. Sponsorship opportunities are available to show your presence and support.

Audit of licensed corporations

The seminar on 7 Nov. will cover common issues and concerns for auditors during audit of licensed corporations. +

Quality control in audit and auditing in a group

How to undertake effective and efficient group audits? Co-organized with ICAEW, the seminar on 3 Nov. will discuss key features of the International Standard on Quality Control 1 and requirements of the clarified ISA 600. +

How to handle investigations by SFC and law enforcement agencies

Sign up for the seminar on 12 Nov. to learn more about the investigation power of SFC and law enforcement agencies and the implications to accountants involving in criminal or regulatory investigations. +


Reminders
	Learn more about current mobile security risks, strategies and solutions to address those risks at the seminar on 23 Oct. +


	Enrol in the seminar on 27 Oct. which will cover the new Companies Ordinance's implications on directors' duties, compliance system and share capital transactions. +


	Don't miss the workshops for audit managers and staff on 30 Oct. and 5 Nov. respectively. +

Competition results
	The dragon boat team placed fourth in the Gold Cup category against 10 other teams in the CPA Cup - National Day Celebration Dragon Boat Invitational Race on 28 Sept. Click to see results and photos.


	The CPA table tennis competition concluded on 5 Oct. The winners were Lee Wai-ming (men's singles), Carina Khan (women's singles), Yeung Sau-ying and Thomas Ng (men's doubles) and Thomas Tsang and Hazel Leung (mixed doubles). Click to see results and photos.


	Click to see results and photos of the snooker team who came second in the RSCP Snooker Tournament against five other professional bodies which ended on 5 Oct. They also placed third in the friendly match. Benson Lam was the champion of highest break (amassing 33 degrees in one turn).

Bowling events

Sign up for the bowl-for-fun day, coaching courses and winter league in November at the South China Athletic Association Bowling Centre.

Golf day

Come join the golf day on 15 Nov. at the Clearwater Bay Golf and Country Club for beginners and intermediate level players.

Members' handbook update

Members' handbook update no. 159 contains amendments to HKFRS 10 and HKAS 28.

Illustrative financial statements

EY and KPMG have published updates on illustrative financial statements.

Disclosure checklist

EY and KPMG have published disclosure checklists for 2014 year-end.

IFRS update

EY has published an update on upcoming changes in IFRS.

Dance fun night

Come mingle with your fellow members who are also dance lovers in a relaxed and informal ambience at the dance fun night on 22 Nov. There will be competition, performance and group dancing.


Reminders
	Participate in the 4-month marathon training course starting in late October to prepare for the Standard Chartered Marathon 2015.


	Form a team to engage in the football competition between November and January.


	Join the Line dance, Tango, Cha Cha Cha, Jazz Funk and Jazz classes in October and November to experience the fun of dance.


	Enrol in the November golf training course for beginners and intermediate players.


Discount offers
	Ace Way Company is offering petrol discount of HK$1.90 per litre until 31 Dec. 2015.


	Watson's Wine is offering special discounts on dry Rieslings until 9 Nov.


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CPD learning resource centre		Email us
Hong Kong CPA Practice Directory		See past e-circulars
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