News

Issue no. 708 (13 September 2018)

Dear members/member practices,

Business Startup Series

This Business Startup Series from September to November will address issues surrounding starting up a business from the perspectives of both the entrepreneurs and investors such as venture capitalists and business angels. The series will cover funding the investee business, the legal implications of founding your startup, and the key elements leading to a sustainable business. The series also includes an experience sharing and networking event – the Entrepreneurs Sharing Forum – where a panel of entrepreneurs will share insights and stories adding to your knowledge on building a sustainable and successful business.

Mandatory CPD requirements for 2019 membership renewal

Members who joined the Institute before 1 Dec 2015 are required to complete 120 hours of continuing professional development in the three years ending 30 Nov 2018, of which 60 hours must be verifiable. Time is running short before the year-end membership renewal. Click to learn more about CPD requirements.

Internal audit’s role – Navigating risk during times of global volatility

Join the seminar on 8 Oct to understand the changing role of internal auditors and how they can help to mitigate complex risks including cyber security, increased and evolving regulation, reputational harm, technology advancement / disruptive innovation, as well as global economic volatility.


Reminders
	Don't forget the workshop on 6 Oct to learn more about the fundamental concepts of option strategies, directional trading strategies, and using options to create capital-protected investments.


	Sign up for the workshop on 9 Oct to understand the need for organizations to transform from linear to exponential and the skills required for organizational transformation in achieving exponential business results.


	The early-bird discount for the IT Conference on 20 Oct will end on 21 Sep. Join to gain insights on the impact of FinTech and artificial intelligence on the accountancy profession from Peter Yan, CEO of Hong Kong Cyberport Management Co. Ltd. and other renowned speakers.


	Last call to join the study tour to Shanghai for young members on 17- 20 Oct, to understand the latest developments in Shanghai's financial and business sectors, as well as visits to an automobile company's R&D centre and the National Intelligent Networking Automotive (Shanghai) Pilot Demonstration Zone, and meet with representatives of local enterprises.

Think Global, Think Hong Kong

Take part in the Hong Kong Trade Development Council's "Think Global, Think Hong Kong" travel mission to Tokyo on 1 Nov to meet entrepreneurs from Japan and Hong Kong to discuss developments and trends in the global economy, as well as to explore cooperation opportunities in the global markets. Around 2,000 local business leaders, government officials and SMEs are expected to attend the symposium and business consultation activities.

Sports competition results
	The Institute's football team won the championship in the "仁愛盃" category of the Homeless World Cup Fundraising Tournament on 8-9 Sep. Click to see photos.


	Congratulations to the Institute's table tennis team for clinching the championship for the second consecutive year of the RSCP Table Tennis Tournament which concluded on 9 Sep. Click to see photos.


	The Institute's bowling team placed second in the RSCP Tenpin Bowling Tournament on 9 Sep against teams from other professional bodies. Click to see results and photos.

CPA Singing Contest

Showcase your vocal talents at the CPA Singing Contest on 17 Nov, where solo and group entries are welcome. In addition to the top prizes, contestants can also compete for the Best Stage Presence and My Favorite Performance awards.

Proposed International Standard of Auditing 315 (Revised)

The IAASB will hold a Q&A webinar session on 3 Oct to discuss the key proposed revisions to the auditor’s risk identification and assessment procedures in ISA 315 (Revised) Exposure Draft. Register now and email your questions for the Q&A session by 24 Sep to philminnaar@iaasb.org. A separate 90-minute webinar explaining the proposed changes to the standard is available.

Upcoming new accounting standards

Major accounting firms have conducted surveys on the readiness of companies to implement IFRS 16 Leases (Deloitte and EY) and IFRS 17 Insurance Contracts (Deloitte and KPMG) by its effective dates in 2019 and 2021, respectively.

Free premium technical resources – International Standards and Digital Essentials

The ICAEW's free online premium technical resources, International Accounting, Auditing and Ethics, has been renamed to International Standards. The platform continues to provide the latest technical and practical resources in the application of international accounting, auditing and ethics standards to Institute members. If you are not already a subscriber, why not explore the new platform today?

Standard Chartered Marathon

The ballot registration system for public entry for the Standard Chartered Hong Kong Marathon 2019 is now open till 29 Sep. Don't forget to register with the Institute as a CPA runner to enjoy a series of pre- and post- race support, and join the following training sessions to prepare yourself for the race:


	Free briefing session on marathon preparation and training strategies on 21 Sep.


	Marathon training classes for 10km, half-marathon and full-marathon starting in October.

Pink Walk for Breast Health 2018

The Institute is sponsoring an organization team of 20 members to join the Pink Walk for Breast Health 2018 on 21 Oct. Interested members please complete the reply slip by 18 Sep. Quota is on first-come-first-served basis.


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