Issue no. 82
(06 October 2005)
    Dear Members/Member Practices,
In this issue
Annual Dinner
Tri-Nations Summit
CPD Keeps You Ahead
Success Ingredient
Growing Role of Women
TechWatch
Auditors Guidance
CPA Source
Reminder
Avenue of Stars - Annual Dinner
"Avenue of Stars (PjD)," the theme for this year's annual dinner next Friday, will celebrate
members' starring role in Hong Kong's business life. Tickets are sold out thanks to the enthusiastic support of members and sponsors. Cocktails will be served at 6:30 p.m. and dinner starts at 7:30 p.m.

Institute Joins China-Japan-Korea Standard Setters' Summit
T
he Institute joined the accounting standard setters from Japan, Korea, China and the
International Accounting Standards Board on 6 and 7 September in Xi'an, to discuss the three countries' progress in convergence to international accounting standards.
The fifth in a series of meetings, the summit provided an up to date picture of standard
Click to enlarge
 
Click to enlarge
 
setting in the three countries as well as a forum to discuss practical obstacles involved in convergence with international standards.
Winnie Cheung, the Institute's chief executive & registrar, shared the Institute's convergence experience. Also attending the summit from the Institute were chairman of the Standard-setting Steering Board, P.M. Kam, deputy chairman of Financial Reporting Standards Committee, Raphael Ding, and director of Mainland and International Relations, Patrick Tam.
The IASB updated its activities at the meeting, including a progress report of international convergence and exchanged views with the standard setters in attendance. They agreed that international convergence should be their objective, and the IASB welcomed their initiatives.

CPD Keeps You Ahead
H
ave you achieved your CPD this year? CPD declaration time is fast approaching. You'll receive your CPD declaration form with your subscription notice in
November, and all members must complete it as a condition for membership renewal. If you need more information or support to ensure you've met your CPD obligations, visit the CPD website here.

You are the Success Ingredient
W
atch out for the Institute's new advertising campaign this week. The advertising will appear in the South
China Morning Post, Apple Daily, Ming Pao, Hong Kong Economic Journal and Hong Kong Economic Times. The campaign uses an eye-catching, red background to give a feel of richness and elegance, and compares an emperor's chop, a champagne cork and a winning medal as "success symbols" with the CPA pin "success ingredient." Running for three weeks, the campaign develops on the CPA Day advertising and positions members of the Institute as what they are - the essential ingredients for business success.

Growing Role of Women
W
omen are outnumbering men in entry to a career in accountancy in Hong Kong! The CPA Survey 2005
shows that for age 60 or over, only six percent of our members are female, but the proportion changes for younger members, with females comprising 59 percent in the under-30 age group. An informal survey, however, shows there's more room at the top for women. Click here to see the survey report and send us your views at hkicpa@hkicpa.org.hk.

TechWatch No. 37
T
he latest issue of TechWatch announces the new TUE programme, free information session on new CPD
requirements, and the release of Handbook Updates No. 19 & 20 enclosing a host of new and revised professional pronouncements. It also features the Institute's submissions on the Financial Reporting Council Bill, the consultation on the regulation of sponsors and compliance advisers and proposed revisions to ISAs. Also watch for two new sections of International Newsbytes and Q&As.

Guidance for Auditors
T
he Institute has issued an Exposure Draft of proposed guidance for auditors on their responsibilities with regard
to a listed issuer's preliminary announcement of annual results. The Institute prepared the proposed guidance in consultation with The Stock Exchange of Hong Kong and the Securities & Futures Commission, and would like to have your comments by 31 October.

Sign-up for CPA Source
H
ave you signed up with CPA Source to plan your next career move? This new service will be available to
employers in two weeks, so check it out now and build up your CV.

Reminder
Don't forget to visit the annual Financial World Expo on 7-9 October at the Hong Kong Convention and Exhibition Centre. Present your membership card at the Institute's Lippo office reception and you will get two free tickets on a first-come-first-served basis. Come visit our booth at the Expo located at C26.

If you require any technical assistance on this transmission, please do not hesitate to contact any of the following staff:

  Telephone no. E-mail address
Mr. Andrew Wong 2287 7245 andrew@hkicpa.org.hk
Mr. Anson Lok 2287 7041 anson@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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