News

Issue no. 519 (6 November 2014)

Dear members/member practices,

	Annual visit to Beijing
	Institute President led a 19-member delegation to meet senior officials of the Ministry of Finance, China Securities Regulatory Commission, United Front Work Department of CPC Central Committee, State-owned Assets Supervision and Administration Commission of the State Council and Chinese Institute of CPAs during the Council's annual Beijing visit on 2-4 Nov. The Institute also hosted a cocktail reception on 3 Nov., which was attended by 58 guests from the above organizations, State Administration of Taxation, China Certified Tax Agents Association, Beijing Office of HKSAR Government, Mainland universities and CPA practices, and Institute members and QP students working or residing in Beijing. Click here to see photos.

Revenue recognition and leases

Speakers from IASB will talk about the new revenue recognition standard and the latest developments in the proposed IFRS on leases at the financial reporting forum on 28 Nov.

Annual meeting with IRD

Please suggest agenda items for the Institute's next annual meeting with the Inland Revenue Department scheduled for early 2015. Click to see details and suggestion form.

CPD tips: How to achieve verifiable CPD hours

Learning activities are counted as verifiable CPD if they can be objectively verified by a source with evidence, such as attendance record, certificate of achievement or examination result slip. Click here to learn more about how to achieve CPD hours and here for CPD requirements.

Valuation considerations when investing in China

The seminar on 21 Nov. will talk about the procedures and related regulation in terms of valuation requirements when investing in China and how to utilize valuation skills to complete investments. +

Valuation and investments in early-stage entities

How to value early-stage entities? Come to the Corporate Finance Interest Group seminar on 2 Dec. to learn more about common issues in appraising early-stage entities and impacts of key investment terms on risk-adjusted return.

Proposed regulatory regime for the OTC derivatives market

The Financial Services Interest Group seminar on 2 Dec. will talk about the consultation on reporting and record-keeping rules on over-the-counter derivative transactions and the proposed regulatory regime.

Major areas and common pitfalls in impairment test

The speaker at the seminar on 5 Dec. will share experience from his previous role as a specialist reviewer of impairment test for audit purpose and his current role as a preparer for clients. +

Rethinking independent directorship

The seminar on 19 Nov. will cover the challenges that INEDs face and the regulatory transplanting approach that has dominated throughout the region. +


Reminders
	Come learn the key financial reporting requirements under the new Companies Ordinance at the seminar on 14 Nov. +


	Last call to sign up for the IT conference on 15 Nov.


	Act now to join the annual dinner on 8 Dec. The early bird discount has been extended to 9 Nov.

Asian Financial Forum 2015

Hong Kong Trade Development Council's 8th Asian Financial Forum will take place on 19-20 Jan. with the theme "Asia: Sustainable Development in a World of Change". Institute members get 40% discount via online registration by using the code "MHKA234" by 30 Nov. For enquiries, please contact HKTDC at 1830-668.

Golf day

Enrol in the golf day on 6 Dec. at the SkyCity Nine Eagles Golf Course to enjoy a round of golf in this breezy weather.

CPA singing contest

Sign up as an audience to cheer for our members at the CPA singing contest on 30 Nov. at the Tonno Cub. Only limited spaces remain. +

Discount offer

New partner merchant, Mongson Trading, is offering special discounts on corporate gifts and IT products. +

IFAC 2014 handbooks

Visit IFAC’s Publications & Resources site for the following 2014 handbooks:


	International Quality Control, Auditing, Review, Other Assurance, and Related Services Pronouncements

	Code of Ethics for Professional Accountants


	International Public Sector Accounting Pronouncements

	International Education Pronouncements

Latest IFRS developments

PwC has published news about latest developments on IFRS. +

Illustrative financial statements

PwC has published illustrative financial statements for 2014 year ends. +

Talk by an adventurous accountant

A chartered accountant from U.K. will share his epic cycling adventure – a 9-month journey from London to Hong Kong – including the thrill, challenge and satisfaction at the talk on 15 Dec. +

Merry Monday

It is important to maintain a balanced and healthy lifestyle, so come and find out more about what are being offered by the Bridge Interest Group and Singing Interest Group at the Merry Monday on 1 Dec.

Final mini bridge tournament

Come join the final mini bridge tournament of this season on 13 Dec. This is also your last chance to contend for the Bridge Interest Group Trophy.


Reminders
	Don't miss the elementary calligraphy class on Cao Shu (草書) which will commence on 15 Nov.


	Come to mingle with your fellow members who are also dance lovers at the dance fun night on 22 Nov.


	Sign up for the war game on 30 Nov. for fun and team-spirit building.


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