TECHWATCH |
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The latest issue of TechWatch announces the release of an enhanced CD-ROM version of Members' e-Handbook, Handbook Update No. 9, TUE programme for January 2005, and a host of new and revised accounting standards and interpretations. It also features the HKICPA's submission on the proposal to split the posts of the chairman and CEO of the SFC, revised Simple Guide on Compulsory Winding-up of Companies released by the ORO, Bankruptcy (Amendment) Bill 2004, the submission of the HKICPA's Budget Proposals 2005/06 to the Financial Secretary, and much more. |
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PLAYSTREET ∞ 2004 |
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The Chater Road Pedestrian Precinct in the heart of bustling Central was transformed into a festive fun-filled playground on 12 December 2004, as the Hong Kong Institute of CPAs (HKICPA) and Playright Children's Play Association (Playright) co-organised the PlayStreet∞2004.
The event was a great success in bringing lots of fun and laughter to thousands of families and raising funds for the HKICPA Charitable Fund and Playright.
The opening ceremony of the event was officiated by The Hon. Frederick Ma, Secretary for Financial Services and the Treasury, The Hon. Mandy Tam, Legislative Councillor (Accountancy), Dr. The Hon. Kwok Ka-ki, Legislative Councillor (Medical), as well as Roger Best, HKICPA President (2004), Anne Marden, Playright's Hon. President, Winnie Cheung, HKICPA Chief Executive and Registrar, Dr. C.B. Chow, Playright's Chairperson, Kennedy Liu, HKICPA's Community Services Committee Chairman, and Kathy Wong, Playright's Executive Director.
Watch out for it - Cable TV Children's Channel has captured footage of PlayStreet in its Children's programme, "IQ雙拼", on Friday, 24 December 2004 at 5:30 - 6:30 pm.
Please click here to visit the photo gallery and press release of the event.
Please click here for access to the user manual of the photo gallery.
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THE HONG KONG ACCOUNTANT |
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In December 2004 issue of The Hong Kong Accountant...
Cover Story 1: The first principle of risk management – know your client
The nightmare scenario haunting many accountants today is the mega-lawsuit that can wipe out not only a partner, but also an entire firm. Things weren't always this way. A decade ago, such worries would rarely cross an accountant's mind. But in the post-Enron era, the prospect of legal claims has become a painful reality – one that is driving firms to overhaul their risk management practices and shore up their defenses against what could be a potential catastrophe
IFAC places accountants centre stage
Newly elected IFAC President Graham Ward was HKICPA's guest of honour at its Annual Dinner in November. He took a few moments out to tell The Hong Kong Accountant IFAC will continue to strengthen its public interest role, focus on delivering quality throughout the profession and support the development of professional accounting, especially in emerging and developing economies
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TECHNICAL UPDATE EVENING |
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Technical Update Evening (TUE) – January 2005 sessions
The January 2005 TUE sessions feature a number of important new auditing standards, including:
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New Audit Risk Standards Introduce Risk-Based Audit Approach ( 10 January 2005 ) (Re-run) |
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21 Replacement Hong Kong Auditing Standards ( 17 January 2005 ) (new). |
The new and replacement Hong Kong Auditing Standards are adopted by the HKICPA under its International Standards Convergence Project to converge Hong Kong Auditing Standards with International Auditing Standards.
The new Audit Risk Standards enable auditors to more clearly focus on areas where there is a greater risk of misstatement of the financial statements. It is anticipated that implementation of the new Audit Risk Standards will increase the quality of audits by improving the linkage of audit procedures and assessed risks.
The replacement Hong Kong Auditing Standards adopt verbatim their latest equivalent International Auditing Standards that have been revised by the IAASB to reflect the conforming changes introduced by the new Audit Risk Standards, new Quality Control Standards and revised Fraud Consideration Standard.
To secure your seats, please register early by completing the registration form and returning it to the HKICPA. |
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PRC EXECUTIVE ORIENTATION PROGRAMME FOR HONG KONG YOUNG PROFESSIONALS (香港青年專業人士內地市場導向課程) |
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The Hong Kong Coalition of Professional Services will organise a PRC Executive Orientation Programme during the period from 15 January to 5 March 2005. The courses of this programme are aimed at enhancing the Hong Kong professionals' competitiveness and understanding of the development and prospect in the Mainland.
Please click here for the leaflet of the programme and enrolment form.
If you have any queries on this matter, please contact Ms. Yeung (tel. 2788 6178) or Mr. Ho (tel.: 2788 5419) of the Hong Kong Productivity Council direct. |
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BENEFITS & DISCOUNT OFFERS |
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| Bloomsbury Christmas Offers & Events |
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"BookBookerBookest@Bloomsbury.com.hk" - An informal lecture by Father Alvaro Ribeiro on Man Booker Prize for Literary Fiction on Thursday 23 December 2004 6:00 p.m. - 8:00 p.m.
Download Reply Slip/Order Form ...
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Exclusive offer to HKICPA members - "QGUIDES": The most handy guides to using installed software for busy professionals, available free for any net purchase of HK$400 or above before 24 December 2004.
Download Order Form ... |
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| Caltex StarCard promotion |
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From now till 31 August 2005, HKICPA members who successfully applied for the Caltex StarCard can: |
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Enjoy up to HK$1.20 per litre gasoline discount. |
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Accumulate bonus points to redeem rewards under the Caltex "We Are Family" Bonus Points Rewards Programme. |
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Receive monthly statements to conveniently keep track of the fuel spending. |
| Apply now ... |
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| Holiday and travel packages: |
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Four Seasons Hotel Tokyo at Chinzan-so 3 Days 2 Nights Hotel Package from HK$4,488 |
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Mandarin Oriental Macau just HK$1,049 up for TWO |
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Australia Winner Promotion
(Perth - HK$4,390 up, Cairns/The Gold Coast, or Adelaide/Brisbane/Melbourne/Sydney - HK$5,890 up) |
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"Take-A-Mate" Promotion, HK - Auckland - HK just HK$9,900 for TWO |
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| Christmas Wine Packages 2004 |
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Christmas Party Pack - Three Red and One White |
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Connoisseurs' Package - Bordeaux 2000 Four-Bottle Pack |
| more details ... |
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