Members of CICPA
|The Institute has an agreement with the Chinese Institute of Certified Public Accountants (CICPA) for mutual examination paper exemptions (MEPE). The MEPE allows members of CICPA exempt from three modules (A, B and C) of the Institute's QP.|
|To be eligible for taking the QP, the applicant should:|
|be a recognized degree holder; and|
|have passed the PRC CPA Uniform Examination and obtained the Certificate of Completion; or have registered as a member of CICPA on or before 29 July 2008 though he did not complete the PRC CPA Uniform Examination.|
Practical experience requirements for CPA membership
A CPA who wishes to sign statutory audit reports must apply to the Institute for a Practising Certificate (PC). The applicant needs to meet additional requirements, including ordinarily resident in Hong Kong, PC examinations, auditing experience, continuing professional development, and non-bankruptcy requirements, etc. CICPA members who qualified as a CPA member of the Institute by taking Module D (Taxation) and Final Examination of the QP under the MEPE are required to sit the PC-Law paper for PC issuance purpose. Those who have not sat and passed the Auditing paper in the PRC CPA Uniform Examination of CICPA are required to sit the PC-Business Assurance and PC-Law papers. For details of the PC issuance requirements, please refer to the Institute's homepage.