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PROFESSIONAL PRONOUNCEMENTS |
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Handbook Update 8
Update 8 releases a host of new and revised Professional Pronouncements:
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HKAS 12 Income Taxes |
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HKAS 14 Segment Reporting |
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HKAS 18 Revenue |
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HKAS 37 Provisions, Contingent Liabilities and Contingent Assets |
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Amendments to HKAS 32 Financial Instruments: Disclosure and Presentation |
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Amendments to HKAS 39 Financial Instruments: Recognition and Measurement |
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HKSA 200, "Objective and General Principles Governing an Audit of Financial Statements" |
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HKSA 300, "Planning an Audit of Financial Statements" |
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HKSA 315, "Understanding of the Entity and Its Environment and Assessing the Risks of Material Misstatement" |
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HKSA 330, "The Auditor's Procedures in Response to Assessed Risks" |
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HKSA 500, "Audit Evidence" |
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HKSRS 4400, "Engagements to Perform Agreed-Upon Procedures Regarding Financial Information" |
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HKSRS 4410, "Engagements to Compile Financial Statements" |
Members who have subscribed to the Hard Copy Update Subscription will receive the Update by post.
Members who choose to keep a hard copy of the new Members' Handbook, but have not subscribed to the Hard Copy Update Subscription, are requested to download the Update from the above link. To subscribe to the Hard Copy Updates, please complete the subscription order form.
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TECHWATCH |
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The latest issue of TechWatch features Members' Handbook Update 8 issuing 4 new accounting standards, 7 new auditing and related services standards, and amendments to the financial instruments accounting standards, TUE programme for December, the Procedural Guides for Taxation/Determination of Liquidators' Bills, IFAC new publication "The Diverse Roles of Professional Accountants in Business", results of the 2004 Best Corporate Governance Disclosure Awards, the Stock Exchange Code on Corporate Governance Practices and Rules on Corporate Governance Report, and much more.
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BEST CORPORATE GOVERNANCE DISCLOSURE AWARDS |
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Results of the 2004 Best Corporate Governance Disclosure Awards Announced
The results of the 2004 Best Corporate Governance Disclosure Awards were announced (press release) and the trophies were presented to the award winners at the HKICPA annual dinner on 25 November 2004. This year saw several "firsts", including the first winner in the new GEM Category and the first small government-funded body to win an award in the Public Sector/Not-For-Profit Category.
A list of award winners as well as commentaries on their annual reports, and on the standard of entries generally, can be found in the Judges' Report.
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CONTINUING PROFESSIONAL
DEVELOPMENT |
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Continuing Professional Development (CPD) Programmes - January 2005
To attend to members' diverse training needs, the Institute will be offering a variety of CPD programmes in January 2005 which include seminars and workshops on technical and management issues. Seats are limited. Interested members, please register now to secure a seat.
Declaration for Compliance with the CPD Requirements
Members are requested to file a Declaration for Compliance with the CPD Requirements for the period covering 1 December 2003 to 30 November 2004 on or before 15 December 2004. Please note that under the provisions of the new sections 28(2)(c) and 30(8) of the Professional Accountants Ordinance, compliance with the CPD requirements has been made one of the conditions for membership renewal. Failure to comply with the CPD requirements would result in your membership/ PC registration not being renewed.
For details of the CPD requirements, please refer to Statement 1.500 at HKICPA's website at http://www.hkicpa.org.hk/membership/cpd/mandatory/1_500.php or the FAQs on the CPD requirements at http://www.hkicpa.org.hk/faq/member/cpd/cpd.php.
Members who require clarification regarding their CPD requirements or who have difficulties in complying with the CPD requirements, please call the Education and Training Department at 2287 7089 or 2287 7098 for advice.
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CICPA |
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Subscription to the Chinese Certified Public Accountants' Journal
Subscription to the Chinese Certified Public Accountants' Journal (CCPC) (中國註冊會計師) for the period from January 2005 to December 2005 is now being invited. The CCPC (in Chinese only) is a monthly journal published by the Chinese Institute of Certified Public Accountants (中國註冊會計師協會) under the supervision of the PRC Ministry of Finance (中華人民共和國財政部). The journal is a collection of articles on current issues relating to public accountancy practice in the Mainland and on the latest development of PRC laws, regulations and rules which are relevant to CPAs. Please subscribe on or before Wednesday, 29 December 2004.
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BENEFITS & DISCOUNT OFFERS |
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Holiday and travel packages: |
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Cathay Pacific 'Visit Beijing Now' Promotion HK$2,250 up |
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London Theatre Tickets (Chitty Chitty Bang Bang, Chicago and Les Miserables etc.) |
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Promotional Fare to Perth HK - Singapore - Perth - Singapore - Hong Kong HK$3,200 |
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The Stylistics HAPPY X'MAS Show
The Wolfman Jack Entertainment (HK) presents the everlasting Stylistics Happy X'mas Show in Hong Kong on Saturday, 11 December 2004, 8:00 p.m. Hall 3, HKCEC.
HKICPA members enjoy 10% off ticket prices.
Download order form. |
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FOR YOUR INFORMATION
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For Your Information
For Your Information is a channel to provide news or activities of other organisations which may be of interest to our members. In this issue, we have "Luncheon: How to help employees prepare for retirement - Consideration of the soft issues". |
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assistance on this transmission, please do not hesitate to contact any of the
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