The Hong Kong Institute of CPAs organizes three insolvency training courses to assist in the professional development of those who are working in or intend to pursue a career in insolvency practice. The most comprehensive and intensive of these is the Professional Diploma in Insolvency programme (formerly known as the “Diploma in Insolvency”), the Institute's Specialist Qualification. In addition, there are the Preparatory I and Preparatory II courses which form an introduction leading to the Diploma programme.
Professional Diploma in Insolvency programme
The Professional Diploma in Insolvency programme consists of 56 contact hours, comprising Module A (28 hours) and
Module B (28 hours). It is not mandatory, however, participants are recommended to complete Module A before attempting
Module A- Liquidation and Personal Insolvency
- Liquidation (18.5 hours)
- Personal Insolvency (including Individual Voluntary Arrangements) (9.5 hours)
Module B - Corporate Rescue & Restructuring and Cross-Border Insolvency
- Corporate Rescue & Restructuring (14 hours)
- Cross-Border Insolvency (14 hours)
The programme will provide participants with an in-depth and integrated study of the different aspects of insolvency administration, with particular emphasis on the practical issues relating to these areas and the primary principles that underpin them. All preparatory and contact hours will qualify as verifiable CPD hours.
Applicants have to meet certain requirements in order to be admitted to the programme.
Pathway to the Diploma programme:
The Official Receiver's Office (ORO) recognizes a pass in the Diploma programme as contributing to 50 hours of insolvency work under the ORO's various schemes for contracting out insolvency cases.
The Diploma programme has been included in the list of reimbursable courses for Continuing Education Fund (CEF) purposes. Participants who have successfully completed the programme will be entitled to reimbursement of up to HK$10,000.
This programme has been accredited by the Law Society of Hong Kong. A maximum of 15 CPD points can be claimed per year, i.e. from 1 November to 31 October of the following year, from attending the programme.
The Professional Diploma in Insolvency 2015/16 completed in June 2016. Click here for the pass rate and details of the top students of 2013/14 cohort.
To find out more about the 2017-2018 programme, please click here for the flyer.
Insolvency Preparatory I
Insolvency Preparatory I is designed for those intending to pursue their career in the field of insolvency or related areas. It focuses on building broad knowledge and understanding of the basic principles of insolvency administration. 15 verifiable CPD hours are granted to participants on successful completion of the course.
To find out more about the Insolvency Preparatory I course, please click here for the flyer.
Insolvency Preparatory II
Insolvency Preparatory II is designed for those who are employed in the field of insolvency or related areas and have attained at least 18 months of such experience; or those who have successfully completed the Insolvency Preparatory I course.
The Insolvency Preparatory II is aimed at providing participants with a more in-depth and integrated study of the financial, management, legal and accounting aspects of insolvency administration with specific emphasis on the practical issues relating to these areas. 16 verifiable CPD hours are granted to participants on successful completion of the course.
To find out more about the Insolvency Preparatory II course, please click here for the flyer.
Hong Kong Corporate Insovency Manual
Please click here for the order form.
For more information on the above courses, please contact Kristin Tang at 2287-7464.