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day-to-day operations while acting as secretary and policy
adviser to the Council.
The Chief Executive and Registrar works with a
management team of two Executive Directors, a General
Counsel and 12 department and section heads. Together
they manage about 200 staff and a network of statutory
and decision-making committees, as well as advisory
committees and panels.
An Executive Committee comprising the Chief Executive
and Registrar, the Executive Directors and the heads of
Corporate Communications, Finance and Operations, Legal
andMember Support meets each month to make management
decisions and consider reports and recommendations to the
Council. The President and two Vice Presidents are ex-officio
members of the Executive Committee.
The financial management of the group’s resources is
prudent and financial decisions are based on preserving
the Institute’s resources to invest for the benefits of our
members, our students and the public. In the financial year
ended 30 June 2015, the group had a surplus of HK$14.6
million after tax and had net assets of HK$392.4 million.
We have maintained a sound financial position while we
continue to invest in key projects.
During the reporting period, we upgraded our Wi-Fi
system with the latest technology to improve internet
access speed and coverage in our training facilities, library,
reception area and conference rooms. We implemented
the BoardPad system, which is the leading meeting and
document collaboration solution that transforms iPad
devices into highly secure digital board and meeting packs,
allowing meeting attendees to access online or offline
meeting materials from any location instantly.
In addition, we developed a new online examination
enrolment system for the HKICPA BAFS (Business,
Accounting and Financial Studies) Examination, which
eases the work of schools for student enrolment and
improves the Institute’s administrative efficiency.
The Institute has also continued the revamp of member
activities system to enhance data control and improve
operational processes related to registration, renewal,
professional development and events.
With similar establishment of human resources as last
financial year, the Institute was able to enhance its support
to members and manage another eventful year full of
changes and challenges arising from the finalization of the
audit profession reform, rolling out of the Sixth Long Range
Plan, increase of international and China activities, revamp
of the Professional Accountants Ordinance, review of
qualification process and further development of specialist
programmes.
Sets overall strategy and direction
Advisory committees
Registration
and Practising
Committee
Remuneration
Committee
Nomination
Committee
Governance
Committee
Monitoring committees
Member
Services
Accountability
Board
Audit
Committee
Standards and
Quality
Accountability
Board
Regulatory
Accountability
Board
Professional
Qualifications
Accountability
Board
Governance structure
Council
Constitution, Governance and Finance
Governance structure