Questions and Answers pages:
|Registration of a Firm|
|Q1.||How can I apply for the registration of a firm?|
Please apply by completing and returning a firm application form RF-1 along with appropriate fees and the required supporting documents to the Institute for processing. Please refer to our website for the latest submission deadlines.
|Q2.||What are the guidelines for registration of non-personalized (trading) name?|
Under the current policy, a proposed trading name will not be approved if, in the opinion of the council, it is:
|(c)||not of professional good taste and is inconsistent with the image of the profession; or|
|(d)||in conflict with the ethical rules of the Institute, in particular section 450 - Practice promotion of the Code of Ethics for Professional Accountants.|
|Q3.||Can I apply for registration of a firm with my friend who is the sole proprietor of a CPA firm in Mainland China?|
|Ans.||Under section 28A(5) of the Professional Accountants Ordinance, all partners of the firm need to be Institute members before it can be registered and at least such proportion as the council prescribes its partners are practising certificate holders. The current ruling is that at least two-thirds of the partners must be practising certificate holders. As such, you cannot register a firm with individuals who are not members of the Institute.|
|Q4.||May I apply for a practising certificate and registration of a firm at the same time?|
|Ans.||Yes, if you can satisfy all requirements for the issue of a practising certificate and firm registration.|
|Maintain the firm registration|
|Q1.||How can we change our firm name?|
|Ans.||Please apply for change of your firm name (English and/or Chinese) by completing and returning a form RF-3 along with a letter providing reasons for the change and special meanings of the trading name, if applicable, to the Institute for consideration.|
|Q2.||What should we do to update the Institute with our new registered office address?|
Please complete and return a form RF-3 along with a letter of consent from the leaseholder/landlord of the proposed office, if applicable, to the Institute's Admission Department for processing.
|Q3.||One of our partners will retire next month. Can we get a refund of the firm annual fee paid for him?|
No, annual fees paid are not refundable/ transferable.
|Q4.||What should we do to update the Institute with the recent admission of a new partner to our firm?|
|Q5.||Can I get a refund of the firm annual fee after registration of a corporate practice?|
Annual fees will only be refunded if the firm is deregistered within nine months from the date of registration of a corporate practice with the same partners as directors. Refunds will be made on a half-yearly basis, i.e. 30 June and 31 December each year. If you can satisfy the above criteria, no action is required from you. We shall send the refund cheque to you automatically.
|Q6.||How can we register an authorized signatory for our firm?|
Please send a written notice that should be issued by the sole proprietor/senior partner of your firm providing the effective date, name of the practising certificate holder concerned and his/her specimen signature under your firm name to the Institute for record.
You are also required to notify the Institute in writing as soon as applicable when withdrawing such authorization.
Our firm was newly registered in April this year. Please advise when and how we can renew our firm registration.
Under the Professional Accountants Ordinance ("PAO"), irrespective of the date of registration of your firm with the Institute, your registration will expire on 31 December this year. Renewal notice will be sent to your registered office in November. You may renew online at the Annual Renewal section in our website which requires the firm's login ID/ password, or send your annual fee to the Institute for processing. Please refer to our website for details of the latest renewal requirements.
Until you have renewed your registration for the next calendar year, no statutory audit reports shall be issued under the name of your firm as from 1 January next year, since your current firm registration expires on 31 December this year.
|Q8.||What is the procedure to cancel my firm registration?|
|Q9.||I am a practising certificate holder currently practising in a firm name. As I have no intention to practise in my own name, can I renew my firm registration without holding a practising certificate?|
No. Under the Professional Accountants Ordinance, you must be a practising certificate holder before you are eligible to register as a practising partner or a sole proprietor of a CPA firm. Renewal of both your membership and practising certificate are part of the basic requirements for renewal of your firm registration.
|Q1.||How can I obtain a full list of CPA practices in Hong Kong?|
A copy each of the Institute's registers of CPA firms and corporate practices are available for public inspection during office hours at the Institute's service counter at 27th floor, Wu Chung House, 213 Queen's Road East, Wanchai, Hong Kong.
|The Hong Kong CPA Practice Directory (including both CPA firms and corporate practices) is available in this website.|
|Lists of practising certificate holders and CPA practices are published annually in the government gazette. You may check the government website.|
|Q2.||Which CPA firm can help us to set up a company in Mainland China?|
Registered CPA firms are not required to report to the Institute the scope of their services. In addition, as a statutory body, it is not the Institute’s practice to recommend any of our CPA practices to third parties for business purpose.
|As the Hong Kong CPA Practice Directory (including both CPA firms and corporate practices) with their registered officees and in some cases their telephone/ fax numbers, email addresses, website and type of professional services offered has been published in this website, you may consider checking the Directory and contacting the CPA firm or corporate practice directly.|
|Q3.||Where can I get the pay scale of services provided by CPA firms in Hong Kong?|
|Ans.||As CPA practices are not required to provide this information to the Institute, we are not able to provide this information.|
Last update on 7 Sep 2018