News

Issue no. 545 (28 May 2015)

Dear members/member practices,

Apply for insolvency specialist designation to reflect your status

The Specialist Designation in Insolvency is open to members with considerable experience and competence in insolvency practice, and who have gained the SQ (Insolvency). Holders of the designation are entitled to use "SD (Insolvency)" after their names. The current round of applications will close on 7 August.

Mainland tax conference discusses "One Belt, One Road" initiative

At the Mainland tax conference on 23 May, Zhan Li Ren, Director, International Tax of the Guangdong Provincial Local Taxation Bureau, explained the "One Belt, One Road" programme and what the bureau is doing to support the central government initiative. Other speakers covered updates on corporate and individual income taxes, transfer pricing and indirect taxes. Click to see photos.

Inland Revenue Board of Review invites members

Please forward nominations for the Inland Revenue Board of Review by 11 June to Elena Chai, the Institute's Associate Director of Advocacy and Practice Development, under the subject "Board of Review nomination". +

Tax issues arising from business transformation

Sign up for the seminar on 29 June which will cover common tax issues arising from cross-border restructuring activities, merits of Hong Kong as the platform for overseas expansion and Hong Kong’s tax treaty network updates. +

Managing variances

The workshop on 4 July will cover variance analysis and how it can help provide direction and control and support business growth. +

E-learning: improving audit quality

Enrol in a new e-seminar on how to improve audit quality with reference to common findings identified in practice review launched in May.

Reminder: managing Chinese suppliers

Don't miss the seminar on 22 June to learn more about the main challenges facing Chinese suppliers and how buyers should work with suppliers to achieve a win-win result. +

Treasury in Asia

The Association of Corporate Treasurers' Asia conference on 2 Sept. will cover foreign exchange risk management, the regulatory landscape and the strategic expertise required by today’s treasurers. Institute members can join this conference free of charge by using the promotional code "HKICPA15". +

Sport competition results
	Click to see photos of Chan Suk-king and Fok Tsz-him who won the championship at the CPA bridge tournament on 23 May. Samuel Mui and Tong Yat-chong placed second, while Michael Cheng and Andrew Yuen were third.


	Congratulations to Yeung Sau-yin, Li Yuen-yu and Wong Kwai-kin for coming top respectively in the premier, champion and mixed league divisions of the table tennis league on 24 May. Click to see results and photos.

Yachting courses

Summer is the best season to enjoy water sports. Two yachting courses for beginners will be held between June and July.

Trail walking practices

Several trailwalker practices are organized in June and July for you to train up for the Oxfam Trailwalker in November.

Updates on the code of ethics

Members' handbook update no. 169 contains revised Code of Ethics for Professional Accountants, while revised version of Ethics Circular 1 Guidance for Small and Medium Practitioners on the Code of Ethics for Professional Accountants contains updated paragraph references to the code.

Invitation to comment

The Institute is seeking comments on IASB exposure draft on Effective Date of IFRS 15 Revenue from Contracts with Customers (proposed amendments to IFRS 15).

Latest global knowledge

Keep visiting the IFAC Global Knowledge Gateway, a comprehensive professional resources and news portal for CPAs, to get first-hand information. Here are some highlights: Viewpoint video on "Prepare for the Future Using Predictive Awareness" and latest news on business reporting, Islamic finance, practice management and more.

Football team members wanted

The Football Interest Group is recruiting members to form representative teams to participate in the 11-a-side league starting from August. Enrol now if you are a football enthusiast. +


Reminders
	Last call for the Jazz class which will begin on 6 June.


	Don’t miss the bowling summer league in June to meet the challenge.


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