News

Issue no. 526 (31 December 2014)

Dear members/member practices,

President talks to media about new CEPA agreement, audit regulation reform and enhanced disciplinary process

Institute President Dennis Ho gave an interview to South China Morning Post last week, talking about recent CEPA agreement on liberalization of trade in services in Guangdong, HKEx's consultation on dual share structures, Institute's position on audit regulatory reform and Ministry of Finance exposure draft. Separately, he also talked to Oriental Daily News and The Sun on enhancement of the Institute's disciplinary process by introducing the non-negotiable resolution by agreement.

See also the Institute's Chief Executive's email letter to learn more about the CEPA's latest key measures concerning the Hong Kong accounting sector. The agreement will be implemented starting from 1 March.

What is BEPS?

The seminar on 21 Jan. will cover the OECD's first batch of deliverables addressing the upcoming changes in international taxation system brought by "Base Erosion and Profit Shifting", and guidance for taxpayers engaged in cross-border transactions. +

Strategic change management

Enrol in the seminar on 28 Jan. which will teach you how to strategize, lead and support organizational change. +

Tax issues arising from digital economy

The Taxation Faculty seminar on 10 Feb. will talk about tax challenges and implications arising from the increasing use of technology and the internet to conduct business.

Reminder: global management accounting principles

How are the global management accounting principles applied in external reporting, management and budgetary control, and project and risk management? Come to the seminar on 26 Jan. to learn more. +

New financial instruments standard

Deloitte is organizing a seminar on 30 Jan. to discuss how new financial instruments standard will affect non-financial institutions. +

Most supportive marathon award

The Institute wins the "most supportive group" for the sixth consecutive year at the Standard Chartered Marathon 2015. All CPA runners are invited to join the group photo session at the award ceremony on 17 Jan.

New Year run

Come join the New Year trial run on 17 Jan. to warm up for the upcoming Standard Chartered Marathon.

Classical concerts discount

Premiere Performances of Hong Kong is offering 20% discount on classical concerts (priced at HK$200 or above) until 30 Nov. 2015. +

Offsetting of financial instruments

PwC has published FAQs on offsetting of financial instruments for investment funds. +

IFRS vs. U.S. GAAP

KPMG has published a comparison between IFRS and U.S. GAAP as at 25 Nov. 2014. +

Golf events
	Join the golf day at Kau Sai Chau Public Golf Course on 26 Jan. where both beginner and advance courses are available.


	Sign up for the "driver and woods" course on 7 Feb. to hone your golfing skills.


Reminders
	Last call to enrol in the rowing courses in January and February covering different levels.


	Join the golf day for beginners and intermediates at the Clearwater Bay Golf & Country Club on 17 Jan.


	A series of training courses ranging from singing, guitar playing to studio recording will be held in January.


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Hong Kong CPA Practice Directory		See past e-circulars
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