Issue no. 51
(21 April 2005)
    Dear Members/Member Practices,
In this issue
Hong Kong a Hit with IFAC Delegates
Vote for Election Committee íV Reminder
Call for Executive Talent
Liability Reform
What's in the Hong Kong Accountant this Month
CPD Survey
Open Forum on CEPA
Last Chance to Register for Auditing Update Conference
IT Risk Management Executive Programme íV Reminder
For Your Information
Hong Kong a Hit with IFAC Delegates
T
he Institute hosted IFAC's PAIB meeting this week, entertaining 28 delegates from 13 countries and regions, including Hong
Kong. The envoys held their meetings at the Institute, with Council President Edward Chow participating in many. The highlight of the two-day visit was a speech by the Chairman of the PAIB Committee, Mr. Bill Connell, on the importance of PAIBs in strategic management.

Vote for Election Committee íV Reminder
P
lease cast your vote to select your representatives to the Accountancy Subsector of the Election Committee, which will elect the Hong Kong's Chief Executive in
July. The Accountancy Subsector has received 12 nominations, the highest number among all the subsectors. We will send biographies of the candidates to you on Monday. You are entitled to vote for two (please click here to see the list) on polling day, Sunday, 1 May. Please call the Registration and Electoral Office's hotline at 2891-1001 if you have any queries.

Call for Executive Talent

T
he Institute is now recruiting high caliber people for the positions of Director (Standard Setting), Director (Quality
Assurance) and Director (Student Education & Training). These vacancies are from the secretariat's recent re-organisation. Please click here to see the job opportunities.

Liability Reform
T
he Hong Kong Institute of CPAs has been lobbying the government for professional liability reform on proportionate liability, with changes to section
165 of the Companies Ordinance and the introduction of limited liability partnerships.
In reply, the Hong Kong government says it has received similar proposals from the Law Society, the insurance industry, medical profession and the taxi driver trade. The Government is currently preparing a comprehensive paper for discussion at the Policy Committee level.
The Institute plans to continue its lobbying efforts with the government as a matter of urgent need for Hong Kong's role as a global financial centre.

What's in the Hong Kong Accountant this Month

S
tudying Corporate Social Responsibilities (CSR), the April issue of The Hong Kong Accountant points out that some companies
have embraced CSR and have reaped the benefits both ethical and monetary.
But those who turn their back on this mode of business enlightenment may yet pay the price. Please click here to see the stories.

CPD Survey

T
he Institute would like to have your views on its future training support to members. Before 30 April, please click here to participate in a short survey that
will help us better serve your training needs.

Open Forum on CEPA

Y
ou are cordially invited to attend an Open Forum about CEPA on 9 May 2005. The Forum will explore opportunities and
challenges facing SMPs, review the Institute's submission on the CEPA III "wish list," and let you air your concerns about implementation of CEPA initiatives in your Mainland practice or business. Click here to register.

Last Chance to Register for Auditing Update Conference
T

his is your last chance to register for the Auditing Update Conference scheduled on 23 April. Click here to register. For more upcoming CPD programmes
scheduled for April and May, please click here.

Training Programme for Audit Seniors
This training programme targeting senior auditing staff at Small and Medium-sized Practices will be held on 27, 28 May and 18 June 2005. Seats are limited so please click here to enrol now.

IT Risk Management Executive Programme íV Reminder
T

he Hong Kong Institute of CPAs, in collaboration with Hewlett Packard and HKU School of Professional and Continuing Education, is offering its fifth Executive
Programme on Information Technology Risk Management during May and July 2005. Eligible applicants will be reimbursed 80 percent of their fees, up to a maximum of HK$10,000 from the Continuing Education Fund. Register now to secure a seat!

For Your Information

The following activities organised by other parties may be of interest to you:

Free CEPA Forum

The Hong Kong Coalition of Professional Services will organise a forum with the Guangdong-Hong Kong Services Co-operation Task Force on 11 May to provide an opportunity for Hong Kong professionals and bankers to express their views on CEPA. Please click here for details.

Leadership Forum on Ethical Governance
The ICAC and the Civil Service Bureau are organising the Leadership Forum 2005 íV Successes through Ethical Governance on 16 June. The forum will bring together government and business leaders, with prominent speakers from the Mainland and overseas. Click here for details.


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  Telephone no. E-mail address
Mr. Andrew Wong 2287 7245 andrew@hkicpa.org.hk
Mr. Tomas Chan 2287 7041 tomaschan@hkicpa.org.hk
Ms. Vian Tai 2287 7224 vian@hkicpa.org.hk
Mr. Kelvin Chiu 2287 7096 kelvin@hkicpa.org.hk


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