News

Issue no. 638 (13 April 2017)

Dear members/member practices,

Quality assurance report highlights review findings

The Institute's quality assurance report 2016 is out now, summarizing the work of the Quality Assurance Department in practice review and professional standards monitoring in the past year. It highlights common review findings of which members should be aware.

Cocktail receptions in Beijing and Shanghai

Come to our cocktail receptions in Beijing and Shanghai to meet Council members and other stakeholders if you will be there on 15 and 17 May respectively.

Mentorship programme begins third term

Nearly 170 mentors and mentees joined the ceremony and briefing session on 8 April which marked the end of the second term and the beginning of the third term. The programme offered aspiring CPAs the opportunity to learn from experienced members about career development and other work-life aspects. The momentum is picking up this year with more than 170 pairs compared with 142 last year.

Reminder: Financial Controllership Programme

Don't miss the Financial Controllership Programme starting in May to develop your right competencies to become a finance leader and add value to businesses. A second information session on 27 April will be hosted by Hong Kong Electric Investments CFO K.M. Wong.

Mainland tax conference

Come to the Mainland tax conference on 13 May to learn how the latest Mainland tax developments are affecting Hong Kong, international businesses and individuals. It will also cover corporate income tax, transfer pricing, indirect tax and individual income tax.

What's next after adjusting to China's "new normal"?

Enrol in the seminar on 5 May to learn more about the economic trend and associated risks of China in establishing credit control measures when trading with Chinese companies. +


Reminders
	The workshop on 5 May will teach you skills and strategies to create a win-win situation through effective communication and how to improve your interpersonal skills. +


	The seminar on 9 May will talk about how disruptive technology orchestrates financial performance and how innovative enterprises transform their strategic planning with next generation spreadsheets for smarter business. +

IIA annual conference

The Institute of Internal Auditors Hong Kong's annual conference will take place on 5 June with the theme “Internal audit in the digital age - opportunities and risks”. Early bird discount is available until 21 April.

Trail walker practice

Get ready for the 2017 Oxfam Trailwalker race by joining the practice events in April and May.


Discount offers
	Eu Yan Sang Integrative Medical Centre – 15% discount on consultation, treatments and medication (not applicable to packages) until 31 March 2018.


	Premiere Performances of Hong Kong – 20% discount on concert tickets of 2017 spring concerts, including recital and family series.


	Watson's Wine – up to 50% discount on selected red, white and champagne until 30 April 2017.

IAS 7 and IFRS 8

Amendments now effective for IAS 7 Statement of Cash Flows and proposed amendments to IFRS 8 Operating Segments are summarized in this IASB Update.

Better communication in financial markets

This IFRS Foundation and CFA Institute investor event discussed communication in financial markets and areas of improvement in IFRS standards.

CPA bridge tournament

Introduction to sailing

Interested in learning how to sail? Sign up for the 2-day level 1 sailing introduction course on 29 and 30 July.

Merry Monday

Come join the Merry Monday on 8 May, at which certified personal fitness trainer Helen Tsang will demonstrate simple stretching exercise to help you alleviate office pain and ache while enjoying a relaxing evening over a glass of wine.


Reminders
	Don't miss the sailing day cruise to Lamma Island on 30 April to enjoy a day out on the water.


	Come join the elementary Jazz class starting on 29 April.


	The monthly dance dinner will take place on 28 April at "百樂會" in Tsim Sha Tsui.


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