News

Issue no. 518 (31 October 2014)

Dear members/member practices,

AGM and Council election

Look out from your mail box in early November for the 42nd annual general meeting booklet and information about 2014 Council election. Nomination will close at 5:30 p.m. on 18 Nov. Also mark your diary for the AGM on 12 Dec. and click here for the e-version of the above documents.

CE media interview on corporate failures

The Institute Chief Executive Raphael Ding gave an interview to Metro Radio regarding recent wave of corporate failures concerning Hong Kong-listed Mainland enterprises. He discussed about the roles of market participants including management, sponsors, regulators and auditors, and how governance and internal control play a critical part in a company's setup.

Changes in financial reporting under the new Companies Ordinance

The seminar on 14 Nov. will cover the key financial reporting requirements under the new Companies Ordinance and how to apply those requirements in preparation of financial statements and directors’ report. +

Membership renewal

Your 2015 membership renewal package will be sent to you by email and post in early November. To renew your membership, you need to pay your annual subscription and submit your annual return which contains CPD declaration by 15 Dec. Please refer to the quick guide to annual renewal for details. There will be no increase in subscription fees for 2015. To encourage online payment, there will be a lucky draw.

Accounting for financial instruments

The TUE sessions on accounting for financial instruments in November and December will cover derivatives and compound financial instruments, and hedge accounting respectively.

Pilot scheme for e-discovery in courts

A pilot scheme for the discovery and provision of electronically-stored documents for commercial court cases took effect on 1 Sept. Learn more about the new procedures, judiciary's practice direction and the implications to practitioners and litigants at the Forensics Interest Group seminar on 18 Nov.

Investment funds

Get the latest accounting and regulatory update for investment funds at the seminar on 17 Nov. +

Annual dinner - early bird discount ends soon

Enjoy a great evening with wine and food, performance and lucky draw at the annual dinner on 8 Dec. Early bird discount is valid until 3 Nov.


Reminders
	The seminar on 6 Nov. will teach you how to effectively manage financial forecast and financial covenant compliance. +


	Don't miss the IPO series in November which will cover considerations for group reorganization in IPO and IPO readiness.


	How to create effective and practical business objectives and convert them into strategic plans? Come to the workshop on 15 Nov. to learn more. +

CPA music night

Attracting over 150 audiences, the CPA music night was held on 12 Oct. where members showcased their singing talent. Stanley Leung and Bill Ng were voted by the audiences as winners of "my favourite performance" and "best stage appeal" respectively. Members of the Dance Interest Group and the ukulele class also delivered a special performance. Click to see photos.

Guide to IFRIC 20

PwC has published a guide to illustrate possible approaches to apply IFRIC 20 Stripping Costs in the Production Phase of a Surface Mine. +

Impacts of the new revenue standard on construction industry

KPMG has published a guide to help assess the impact of the new revenue standard on construction contracts. +

Annual improvements to HKFRS 2012-14 cycle

Zhonghui Anda has published an update on the recently issued annual improvements to HKFRS. +

Golf tournament winners

Congratulations to Anthony Cheng and Jonny Tang who won the Wong Tan Cup and Deloitte Touche Tohmatsu Trophy respectively at the CPA golf tournament on 29 Oct. Click to see full results and photos.

War game

Come join the outdoor war game on 30 Nov., which is a good way to build team spirit and relax after a week of hard work.

Reminder: golf day

Last call to enrol in the golf day at Clearwater Bay Golf and Country Club on 15 Nov. for beginners and intermediate level players.


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

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.