Issue no. 99
(10 February 2006)
    Dear Members/Member Practices,
In this issue
Co-opted Council members
David Tweedie
Media workshop
CPA Source
A Plus
CPD update
Reminder
For Your Information
Co-opted Council members
T
he Council has co-opted two members to the Council for this year under section 10(4) of the Professional Accountants Ordinance. Paul K.K. Cheng and Chew Fook
Aun were chosen from a field of seven candidates by a majority vote of all 21 Council members present and voting at a recent Council meeting. The Council chose the new members based on the balance of PAIP and PAIB among the elected Council members, the candidates' area of expertise and their service and commitment to the work of the Institute. Mr. Cheng is the finance director of Worldsec Group and a director of First Worldsec Securities Limited. His expertise in the financial services industry will contribute to the Institute's work in this area. He has served on various committees of the Institute in the past 10 years, including the expert panel on securities, the professional accountants in business and the ethics committees. Mr. Chew is an executive director of Kyard Limited, who has served as a co-opted Council member for the past two years. He has been a chairman of the corporate governance committee, deputy chairman of the professional accountants in business, ethics, corporate finance and administration, finance & remuneration committees and a member of the fifth long range plan task force. Please click here to see the full composition of the Council in 2006. Please join us in welcoming these new members to the Council. With a full team representing all sectors of our diverse profession, the Institute is looking forward to a year of accomplishments.

IASB chief in Hong Kong
S
ir David Tweedie, chairman of the International Accounting Standards Board, will visit Hong Kong next Monday
(13 February). During his short stay, the Institute's executives and leaders will discuss issues in setting international standards. Sir David will also meet with regulators and the media before leaving for Beijing to meet with Mainland authorities.

Media workshop on accounting standards
T
he Institute organised a media workshop this week to equip reporters with what they need to know when reporting on company financial statements. Patricia
McBride, the Institute's director of standard setting, and Elsa Ho, assistant director, talked about the implications of new standards introduced last year. The excellent turnout resulted in wide coverage in the media.

More jobs on CPA Source
L
ooking for a new career at the start of the year? CPA Source could be your best place to start. You can find
new job opportunities in practice, business and finance. Scores of members and students have registered with this free career service. Click here to sign up. For enquiries, call Ms. Frances Pong at 2287 7220 or email to cpasource@hkicpa.org.hk.

A Plus this month - Chinese companies on the world stage
I
n the February issue of A Plus, you will find magic, music and HKAS 39. The magazine's features look at Mainland
companies emerging onto the international stage through mergers and acquisitions, how the hedge fund industry has weathered the Refco storm and the expectations on the HKSAR government budget announced later this month. For more, see the copy you received this week.

CPD update
CPD programmes covering topics of accounting, taxation, Mainland and legal issues are now available for members:
Budget commentary (24 Feb)
Hong Kong taxation workshop (25 Feb)
Negotiation techniques (8 Mar)
Anti-money laundering policies and procedures - Revised SFC's guidelines (20 Mar)
Chinese employment law (24 Mar)
Warrant market - Risk & opportunity (7 Apr)
Internal control and risk management (10 Apr)
Click here for the full list of the programmes and to enrol before they are full.

Reminder - IT risk management training
T
his is your last chance to enrol for the Executive Programme on Information Technology Risk Management organised by the Institute in collaboration with
Hewlett Packard and HKU SPACE from February to April.

For Your Information
T
he Hong Kong Institute of Chartered Secretaries is organising the 7th annual corporate and regulatory update jointly with Securities & Futures Commission,
Hong Kong Exchanges and Clearing Limited and Official Receiver's Office on 10 April. Institute members will enjoy special discount.

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
Mr. Kelvin Chiu 2287 7096 kelvin@hkicpa.org.hk


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