News

Issue no. 529 (23 January 2015)

Dear members/member practices,

A Plus – Impact of China slowdown

As China’s GDP growth in 2015 is expected to be the lowest in a generation, the January issue of A Plus looks at the implications for CPAs and business in Hong Kong and other markets. The issue also features the Chartered Accountants Ireland CEO, the battle for China's savings, Wasion Group Holdings CFO's success story and how CPAs use strategy games to hone financial skills. Click here to read.

Remember to vote for your favourite A Plus cover feature and CPA life stories in 2014 by 13 Feb. and get a chance to win a HK$800 Sogo coupon.

CE responds to reports on talents import

Institute Chief Executive talked to Sing Tao Daily last week about some media's reports on the proposed list of talents import which includes accountants. He expressed his concern on the proposal and stated that the profession has not been consulted on the matter.

Liaison meeting with SAT

Click here to see the notes (in Chinese and English) of the 2014 liaison meeting between the Institute and the State Administration of Taxation.

Execution of documents and deeds under new CO

Click to see the Companies Registry's letter relating to the execution of documents and deeds without a common seal under the new Companies Ordinance.

China investment and offshore opportunities

The China investment, offshore companies and offshore trust series between February and March will cover the opportunities related to foreign direct investment, outbound direct investment, and how to go offshore by using various structures of company and trust.


New Companies Ordinance
	The seminar on 9 Feb. will focus on financial reporting issues of the new ordinance, including exemption from preparation of consolidated financial statements and business review in the directors' report. +


	At the symposium on 9 March, experts will review the first year of the ordinance's implementation and discuss how to fine-tune its operations. +

Financial due diligence on PRC companies

Join the seminar on 11 Feb. to learn more about key financial risks of PRC companies and focus areas in performing financial due diligence on Mainland businesses in relation to retail, distributorship, manufacturing and consumer products. +


Reminders
	PAIB should come to the forums in February to learn more about how IESBA's proposed changes to Part C of the ethics code will affect you. +


	Deadline to subscribe to The Chinese Certified Public Accountant (中國注冊會計師) and China Taxation Yearbook 2014 (中國稅務年鑒) is 30 Jan. +

FT non-executive directors diploma

Members can sign up for the Financial Times non-executive directors diploma at discounted price of £5,310. This is a 6-month online learning course covering an induction workshop, a two-day workshop in Macau and a controlled assessment.

Golf events
	Come enjoy the golf day at Phoenix Hill Golf Club on 28 Feb. with fellow members.


	Hone your skills at the "play with a golf professional" lesson on 14 March at Kau Sai Chau Public Golf Course.

Discount offers

Watson's Wine is offering special discounts on selected wines of Penfold's and wine devices of Coravin. +

Invitation to comment

The Institute is seeking comment on exposure draft of Accounting Bulletin 6 Guidance on the Requirements of Section 436 of the Hong Kong Companies Ordinance.

HKFRS illustrative financial statements

Deloitte has published illustrative financial statements prepared under HKFRS for financial year ended 31 Dec 2014. +

Institute wins most supportive marathon award again

Institute President Dennis Ho, Council member Patrick Law, Sports and Recreation Club Convenor Gabriel Tam, and 30 members received the most supportive group trophy last Saturday at the Standard Chartered marathon carnival. We are the 9th out of the top 10 awardees with 384 CPA runners. Click to see photos.

Trail running classes

Join the 2-month trail running classes starting in March or April if you wish to challenge mountain running.


Reminders
	Don't miss the Spanish fine wine tasting at Merry Monday on 2 Feb., which will focus on tempranillo and garnacha native grapes.


	Places are still available at the classes of Jive, Waltz, Jazz and Jazz Funk. Enrol now to keep a balanced lifestyle.


	The tennis training course will start in mid-February. Join now to learn more about this popular sport.


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