News

Issue no. 552 (16 July 2015)

Dear members/member practices,

Institute CE talks to SCMP on cross-border auditing

SCMP featured a front page story this week about the Mainland clearing a way for Hong Kong accountants to audit Chinese companies listed in Hong Kong. The Institute Chief Executive was quoted as saying that the Ministry of Finance has accepted many of the Institute's suggestions regarding its exposure draft on cross-border auditing. It results in Hong Kong CPAs being given special treatment, and the new rule does not ban Hong Kong firms from sending their staff into the Mainland to conduct audit work.

Final call: early bird discount for IFRS Conference

The early bird discount for the IFRS Conference on 12-13 Oct., jointly organized by the Institute and the IFRS Foundation, will lapse on 30 July. Don't miss the budget price to learn more about implementation of IFRS 9 and IFRS 15, IASB major projects and future plans in financial reporting.


Demo lessons for tax and insolvency specialist programmes
Come join these demo lessons to understand more about how our specialist courses can help your career progress:
	Advanced Hong Kong tax course – demo lesson on 24 July will focus on application of source of profits principles to digital economy.


	Professional Diploma in Insolvency – demo lesson on 12 Aug. will cover insolvency regime updates and provisional supervision and insolvent trading.


Mainland consultations
	The Ministry of Finance has issued an exposure draft on the management of audit records by CPA practices (會計師事務所審計檔案管理暫行辦法) with comment deadline on 15 Aug. +


	The Shenzhen government is seeking comments on the interim measures for Hong Kong and Macau accounting professionals to serve as partners of accounting firms in Shenzhen (香港特別行政區和澳門特別行政區會計專業人士擔任深圳經濟特區會計師事務所合夥人試行辦法) by 3 Aug. +

Practical issues in valuation

The seminar on 8 Aug. will talk about the work of an auditor’s expert under HKSA 620 and common accounting standards involving fair value measurement. +

Regulatory updates for Hong Kong listed companies

The seminar on 10 Aug. will cover HKEx's two recent consultation conclusions relating to risk management, internal control and review of listing rules on disclosure of financial information, as well as environmental, social and governance reporting and variable interest entity structures. +

Self-service analytics with Excel and cloud technology

Come join the seminar on 18 Aug. which will introduce business intelligence solution and big data technology, and the ways to build these solutions using Excel with cloud technology. +


Reminders
	Don't miss the seminar on 6 Aug. about tangible and intangible benefits of implementing an enterprise resource planning system. +


	Share your habits and preferences in using digital and social media, as well as your views on the refreshed A Plus with us through the mini survey by 17 July. There is a lucky draw for ParknShop coupons.

Dance events
	Classes of Jazz, Jazz Funk and Waltz in August are now open for enrolment. Enrolment deadline of the Jazz Funk for beginners starting on 24 July is this Friday.


	The July dance dinner will be held on 24 July at Sladance in Tsim Sha Tsui.

Comments on IASB exposure draft

Click to see our comments on the IASB exposure draft on Effective Date of IFRS 15 (proposed amendments to IFRS 15 Revenue from Contracts with Customers).

CPA music night

Come join the CPA music night on 19 Sept. at Leighton Hill Community Hall. Solo and group performances are welcome, while audience tickets are also available.

Tennis courses

Elementary and intermediate tennis courses will be held on Tuesdays in August. Enrol now to learn this popular sport from professional coaches.

Snooker training

Reminder: Photography sharing session

Professional photographer Anthony Yau will talk about polar scenic photography and share his shooting experience in the South Pole at the sharing session on 24 July.


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

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