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FOREWORD

The will to succeed – in the face of challenges – is a vital element

for a professional. Many of our members have achieved their goals

through perseverance, open-mindedness and a commitment to

go an extra mile. With this spirit, the Institute and the accounting

profession have achieved excellent progress this year, as you can

read in this annual report.

The same will is exemplified by Hong Kong athletes, who form the

heroes of the photo essay in this year’s report, which is themed

around sport.

Sport is something Hong Kong people are fond and proud of. Like

it does as a global financial centre, Hong Kong punches above its

weight on the sporting stage. Some of the world’s most prestigious

sporting events are held in the territory and our athletes flourish in

international competitions.

Right down to everyday life, the general public – indeed our CPAs –

participate in everything from dragon boating to hiking to training

for marathons on the weekends.

As with accounting, sport demands skill, dedication and

perseverance, as well as a commitment to nurture the next

generation to achieve success. In our photo essay, we look at these

parallels between the sporting world and the accounting profession.

And in addition to Institute business, this report brings you

vignettes of Hong Kong sporting success stories and the roles of

CPAs in them.