ark Fong, senior partner of Moores Rowland Mazars, was elected the Institute's new president at a special meeting on 15 December after the AGM. The new vice presidents are Albert Au and Paul Winkelmann. The Council also co-opted Paul Cheng and Thomas Wong. Click here for the full Council and here for the press release.
Merry Christmas
he Institute brings you an extraordinary Christmas
e-card this year, featuring the cartoon character May Moon from its educational series of books and programmes May Moon and the Secrets of the CPAs. Click here to view the e-card.
Tax views
he
Institute calls for cuts in profits and salaries
tax and other measures to improve Hong Kong's competitive
edge and to support the community, in its submission
on 21 December to the financial secretary, who will
present the government's new budget at the end of
February. Click here
for the Institute's proposals and here
for the press release.
Earlier on 14 December, the Institute announced
the findings of its commissioned survey on Hong
Kong's tax base, which showed the majority of accountants
agree that the territory has fiscal problems and
the tax base needs broadening, although there was
no consensus on how to address these problems. Click
here
for the press release and the summary of member
opinion.
Standards forum
ome join the HKFRS/IFRS forum "Where are we going?" on 16 January to meet experts from the IASB about latest developments and future directions of standing setting in particular on leases and financial statements presentation. Click here for more.
Double taxation forum
ainland tax officials and the Hong Kong commissioner of Inland Revenue attended the Institute's forum on 18 December to explain implementation details about the double taxation arrangement signed between the two parties in this August. Click here for the press release.
Click photo to enlarge
Audit seminar
Enrol in the Institute's joint seminar with the Securities and Futures Commission on 13 January to understanding more about the Practice Note 820 The Audit of Licensed Corporations and Associated Entities of Intermediaries and the reporting requirements to the SFC. Click here for more.
Enhance tie with mainland
List your firm's information in the government's International Co-operation and Investment Guide on Major PRC Industries (中國重點行業項目國際投資合作指南) to establish closer tie with the mainland. Click here for more details.
New year new job
More accounting and auditing jobs are available on CPA Source. Let us know if you got a new job via CPA Source so that we can give you an appreciation gift. Call 2287-7888 or click here for details.
Reminder
Subscribe to Chinese Institute of CPAs' monthly journal, The Chinese Certified Public Accountant 中國注冊會計師 for 2007 to keep you updated on PRC public accounting practices, laws, regulations and rules. Click here to order by 29 December.
For your information
Hong Kong Arts Development Council is inviting CPA firms to audit its financial statements. Please refer to the letter sent to firms on 20 December for details. Email to Ryan Ding or fax to 3106-0968 for enquiries.
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