| Tsang promises
support for the profession |
 n
30 May, Institute President Paul Chan joined
other professionals to meet with HKSAR CE Donald
Tsang to discuss opportunities arising from CEPA
and the 11th Five-Year Plan. Chan raised the profession's
wish list:
 |
Extension of mutual exam paper exemption
to non QP members |
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Allowing Hong Kong and mainland firms to
form associations |
Chan also mentioned liability
reform, in which Tsang is positive to LLP and proportional
liability proposals. Tsang says the government will
help professions explore new niches in the mainland
by enriching CEPA and expanding a network of professional
services. Click here
for the government's press release. |
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| PRC M&A symposium |
 he Institute and the Hong Kong Polytechnic University's symposium, "Mergers and Acquisitions in the Mainland," on 26 May attracted 200 participants. Expert speakers came from the Guangdong State-owned Assets Supervision and Administration Commission, merchant and investment banks, fund management and law firms, and mainland and local accounting practices. Click here to purchase symposium materials. |
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| Click photo for slideshow |
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| Outstanding CPAs in community services |
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| he Institute is calling for nominees for the "Outstanding Accountant Ambassadors Awards" to recognize accomplishments in community services. Winners will receive $10,000 for donation to a charitable organisation in his or her name. The judging panel is comprised of social service celebrities and senior government officials. Please click here for the registration form and here for previous winners. |
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| Dragon boat team is first runner-up |
|
| he
Institute's dragon boat team was the first runner-up
in the Discovery Bay Races on 31 May and ranked
sixth in the Professional Championship in the Hong
Kong International Dragon Boat races on 3-4 June.
Congratulations to all CPA paddlers who have practiced
since March. |
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| Reminder - update your particulars |
 f
you are a registered elector and have any changes in your address or other
registration particulars, please report to the
Registration and Electoral Office on or before
29 June 2006, to ensure your eligibility
to vote in the public elections. Please visit
www.voterregistration.gov.hk to download the relevant
form. Call the office's hotline: 2891 1001 or
click here
for more information. |
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|
|
| TechWatch |
The latest issue of TechWatch features the TUE and CPD activities for June and July and an invitation to comment on IASC Foundation's consultation document. It also includes the Institute's submissions, international meetings and IFAC recent developments.
|
| IFAC meeting update |
IFAC held its Board meeting last week
in Beijing, saying it will take action to support SMEs,
professional accountants in business and developing countries
in standards convergence. The Board agreed to host the
2010 World Congress of Accountants in Kuala Lumpur. On
behalf of the Institute, Eric Li, an IFAC Board member, and Chief Executive Winnie Cheung, a technical advisor, attended the meeting. Please click here
for the IFAC press release.
|
| Next steps for HKFRS |
The Institute has issued an information
paper "Setting Hong Kong Financial Reporting Standards"
to review IFRS convergence and map future direction. Please
click here
for more.
|
| IASB ED
|
The Institute is seeking comments on the IASB exposure draft of Proposed Amendments to IAS 23 Borrowing Costs. Please click here for more.
|
| Call
for liabilities research |
The International Association for Accounting
Education and Research (IAAER) and KPMG are calling for
research proposals on defining, recognizing and measuring
liabilities, aiming to inform the IASB's decision process
for its project on liability and equity distinctions.
Please click here
for more.
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| For your information |
|
Communications is an essential ingredient of today's business. The Committee on Review of Public Service Broadcasting is organising an international conference on public service broadcasting featuring prominent speakers around the world on 21 June. |
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If you want to know more about work injuries prevention, rehabilitation and compensation, you should attend the Occupational Safety & Health Council's international conference on 27-29 June, which will also showcase an exhibition on the latest safety and health services. |
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