| President's reply to Mandy Tam on liability reform |
 he president has responded to a query raised by Mandy Tam, the LegCo representative for the accountancy functional constituency, regarding liability reform. Click here to see his response. |
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| Dialogue with Jia Qinglin regarding CEPA |
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 resident Paul Chan, on the HKSAR government's invitation, shared his views at a forum officiated by the visiting chairman of the Chinese People's Political Consultative Conference, Jia Qinglin, on 28 June. Chan discussed regional economic co-operation under CEPA, including extending mutual exemption of professional examination papers to all members, and expanding practice associations between Hong Kong and mainland firms, among other topics. |
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Congratulations! Institute President,
Past President and Member honoured |
 nstitute President Paul Chan, Past President David Tak-kei Sun and Fellow Member Elizabeth Law were awarded the government 2006 Honours on 1 July. Sun is awarded the Bronze Bauhinia Star (BBS) in recognition of his  distinguished service to Hong Kong's financial markets, especially the accountancy profession's regulation. Chan and Law are awarded the Medal of Honour for valuable service to the profession and the community. |
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| We've moved! |
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President Paul Chan and Chief Executive Winnie Cheung
(Click photo to enlarge) |
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 ur member and student services counter moved to the Institute's new headquarters on 27th floor, Wu Chung House, Wanchai on 3 July with expanded services. This completes the Institute's move that began this January. Watch for details of the grand opening in late July. |
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| World Cup fever at members' lounge |
 orld Cup fans can see the final match at our new members' lounge on 27/f of Wu Chung House at 2 a.m. Monday, 10 July. Come cheer for your favourite winning team with president Paul Chan and Member Services Committee  chair Susanna Chiu in this smoke-free environment, and bring your membership card. Packaged deal for snacks and beverages is available so enroll now on a first-come-first-served basis before the 400 seats run out. |
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| "Rich Kid, Poor Kid" road show debut
in Malaysia |
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| Students at the road show in Malaysia |
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 early 200 teenagers from the Malaysian Pay Fong secondary school learned more about managing money through the Institute's "Rich Kid, Poor Kid" road show televised live from Hong Kong on the Internet on 28 June. The road show's successful electronic debut in Malaysia means the "Rich Kid, Poor Kid" programme knows no boundaries. It has also generated significant media coverage in Malaysia. Click here to see the show. |
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| TechWatch |
The latest issue of TechWatch announces the release of Handbook Update 30 issuing three revised Interpretations, and an invitation to comment on proposed amendments to IAS 23 Borrowing Costs. It includes the forthcoming operative dates of standards, the Institute's submissions, international meetings and upcoming CPD  activities, and materials recently posted on the IRD and Company Registry websites.
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| IASB exposure draft |
The Institute is seeking comments on the IASB exposure draft of Proposed Amendments to IAS 32 Financial Instruments: Presentation and IAS 1 Presentation of Financial Statements-Financial Instruments Puttable at Fair Value and Obligations Arising on Liquidation. Please click here for more.
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| Due date for D-code profits tax returns extended |
The Inland Revenue Department (IRD) has extended the filing due date of the 2005/06 profits tax returns with "D" code accounts in the Block Extension Scheme from 15 August 2006 to 29 August 2006. The due date for profits tax returns filing with "M" code accounts remains unchanged on 15 November 2006. The IRD also accepts financial statements prepared in accordance with the Small- and Medium-sized Entity Financial Reporting Standard for  qualified businesses. Please click here to see the announcement.
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| 2006 PRC CPA Uniform Examination |
Limited copies of the 2006 PRC CPA Uniform Examination Chinese reading materials are now available for sale at the Institute's counter. Click here for details and the order form.
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| Outstanding CPAs in community service |
The Institute is calling for nominees for the "Outstanding Accountant Ambassadors Awards" to recognize accomplishments in community services. Winners will receive $10,000 for donating 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 entry form and here for previous winners.
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