s part of the Institute playing host to IASB Chairman Sir David Tweedie this week, we are polling members about the implementation of Hong Kong Financial
Reporting Standards, and will announce the results at the Institute's Financial Reporting Standards Inaugural Forum this Thursday. Please join us in this important survey and share your views by clicking here.
Debut of ...
The Institute's new magazine A Plus will debut later this week. We're looking forward to hearing from you about it. Send your comments to hkicpa@hkicpa.org.hk.
Institute Responds to IASB Questionnaire on SMEs
T
he Institute's submission to the IASB Staff Questionnaire responds to questions about possible simplification of
recognition and measurement principles for small and medium-sized enterprises and includes topics addressed in IFRSs that may be omitted from SME Standards. Please click here for more.
Guidance for Auditors Acting as Scrutineer
T
he Institute has issued an Exposure Draft of proposed guidance for auditors acting as scrutineer at a general meeting of a listed issuer. Comments are due by
8 July 2005. The proposed guidance has been prepared in consultation with The Stock Exchange of Hong Kong and the Securities & Futures Commission.
Handbook Updates No. 13 and 14
H
andbook Update 13 enclosed Professional Ethics Statement 1.207A – Change of Auditors of a Listed Issuer of The Stock
Exchange of Hong Kong, which is effective for resignations of auditors of listed issuers on or after 1 June 2005. Update 14 enclosed three re-issued HK Interpretations and one new HK Interpretation.
New Accountant Ambassadors Wanted
M
embers wishing to serve the community, gain valuable experiences and network with their fellow CPAs are invited to join the Institute's Accountant Ambassadors
(AA) Programme. More than 800 AAs are now rendering their time and expertise to worthy causes. Big projects are in the pipeline this summer, so don't miss this opportunity to contribute as an ambassador. Click here for more details.
Technical Update Evenings (TUE)
Come and exchange views with the Institute's Technical Directors at the following TUE programmes:
New Quality Control Standards for Auditors (14 June) Revised Standards on Fraud Consideration (5 July) Click here for more.
Upcoming CPD Programmes
Please click here now to sign up for CPD programmes as seats are limited:
The Role of Accountants in Arbitration (4 July)
Investment in the Mainland – Operation & Taxation (14 July)
he Institute participated in the Confederation of Asian and Pacific Accountants (CAPA) meeting
hosted by CICPA in Hangzhou late last month, to discuss SMEs, public sector accounting and education issues. The Institute's Vice President Paul Chan spoke on developments of the proposed financial reporting framework and standard for SMEs in Hong Kong. Professor Judy Tsui, the Institute's nominated CAPA representative on IFAC Education Committee Consultative Advisory Group, spoke about the role of the committee and its important oversight functions on world education standards.
HKAAT Looks for Education Manager
T
he Hong Kong Association of Accounting Technicians (HKAAT), a subsidiary of the Institute, is recruiting an Education and Training Manager who will handle
examinations-related matters. Please click here for more.
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