| New practice review is here
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tart your engines for the new practice review
under the
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risk-based approach. The Institute
is fulfilling its regulatory role
without fear or favour, since self-regulation
is a point of pride and a vote of
trust in our profession. Click here
to see the communication paper and, if you have subscribed,
remember to attend the forums on
20 or 29 March.
Reminder: Enrol for the
quality
assurance workshop in early
April to help your firm map out
quality control policies.
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| IAASB meeting in Hong Kong |
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he IFAC International Auditing and
Assurance Standards Board's five-day meeting,
hosted by the Institute, ended
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on 10 March after discussions
on ISA 600 (revised) The Audit of
Group Financial Statements, ISA 540
(revised) Auditing Accounting Estimates
and Related Disclosures, ISA 260
(revised) Communications with those
charged with Governance, and the
proposed ISA 701 The Independent Auditor's
Report on Other Historical Financial Information.
Watch for the meeting summary on the IAASB
website. |
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| Standard setting for stakeholders
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o promote understanding of financial reporting standards
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among stakeholders, the Institute held a media workshop in February, talked to IRD officers on SME financial reporting in early March, and is organising seminars for members of the Hong Kong Association of Banks. The Institute was also invited by the Macau government in early March to share its experience.
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Paul Chan (right) and Raphael Ding at the IRD seminar on financial reporting standards
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| A Plus
this month - Business performance |
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he March issue of A Plus studies the basics of business performance, |
featuring analyses on how to make better forecasts, improve cash flow and prepare for the worst. See also the feature on how the Institute is stepping up its efforts to promote understanding of HKFRS.
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| Global outlook seminar |
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he Institute's Insolvency Interest group is organising a lunch seminar |
on 22 March featuring David O'Rear, chief economist of Hong Kong General Chamber of Commerce. O'Rear will explore the challenges facing the world economy in the next two years, and examine how these affect Hong Kong. Click here for more. |
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| Walk up Jardine House |
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Institute team cheered by
Council and committee
members
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he Institute ranked 7th in the annual "Walk Up Jardine |
House" competition on 12 March to raise funds for charity. The Institute team finished 947 steps (49 floors) to reach the top of Jardine House in four minutes and 31 seconds. Thanks to the sporting CPAs: Patrick Chan, Crystal Ho, Yale Leung, Bernard Poon and Barry Tam.
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| CPD update |
A wide range of CPD programmes, including
e-learning modules, are now available for subscription.
Click here
to update your technical knowledge and skills.
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| New education director |
The Institute has appointed Mike Li as the
director of student education and training. Mike is a
fellow of the Institute and a chartered accountant from
Australia. He obtained his master degree in accounting
and finance in the UK and has 19 years of experience in accounting,
taxation, education and training.
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| Online support for PC candidates |
The Institute has introduced a new practising
certificate centre online to assist PC candidates pass
their examinations. The centre provides useful resources
including past exam papers and web cast videos on exam
seminars. Log
on the members' website for more.
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| Groom future leaders
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Sign up as a workshop
facilitator for the Institute's CPA qualification
programme to pass on your skills and experience to
students who want to become CPAs. Apart from networking
and keeping your technical knowledge up to date, it is
the best way to get paid for meeting CPD requirements!
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| Reminder |
Subscribe for the 2005 China Accounting Year
Book (中國會計年鑒), published under the supervision of the
Ministry of Finance, and you will get a thorough
review of China's major accounting, finance, legal
and regulatory issues. Click here
for the content index and here to subscribe by 3 April.
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| For your information |
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| Members will enjoy a special discount for the Hong Kong Institute of Chartered Secretaries' 7th annual corporate and regulatory update jointly organised with the SFC, HKEx and Official Receiver's Office on 10 April. |
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