Issue no. 146 (8 March 2007)
Dear Members / Member Practices,
 
  Spring into the new year
Click photo to see more.
  resident Mark Fong talked about the Institute's vision for the year at the recent spring cocktail reception held for 300 committee members and VIPs, including the Secretary for Financial Services and the Treasury Frederick Ma.
 
  Institute comments on budget

he Institute says the government's budget plan is good for the short term but lacks long term tax policy. In a press briefing held on 28 February, the Institute presented its stance and invited dialogue with the media on this important topic.

 
Yvonne Law, tax committee chair.
 
  PRC news update
  he Ministry of Finance commented on the progress of Chinese listed companies' implementation of new accounting standards since 1 January. Click here to see comments and other announcements from the China Accounting Standards Committee and Chinese Institute of CPAs.
 
  New China Desk partner

he Institute has appointed a new China Desk partner to provide free advisory services to members on mainland issues related to accounting, taxation, customs, investment, industry and trade. Effective from 1 March 2007, the Shenzhen Institute of CPAs replaces the Guangzhou Institute of CPAs.

  
 
  Mainland publications
atch up with the latest development of mainland accounting and auditing by subscribing to these new Chinese publications:
  2006年《中國會計年鑒》
《企業會計準則2006》
《企業會計準則 - 應用指南》
《中國註冊會計師執業準則(2006)》
《中國註冊會計師執業準則指南(2006)》
 
Audit quality - be
part of it
The Institute is looking for executives and managers to work in its quality assurance department, which is charged with enhancing audit quality in Hong Kong. Click here for details.
Standards for SMEs

We welcome your comments on the IASB exposure draft of proposed IFRS for SMEs and its adoption in Hong Kong.
New issues
The latest TechWatch and CPD e-newsletters are now online. Click the tabs on top of this page to see more.
Free HKFRS guide
The first 1,000 copies of the free HKFRS guide from Deloitte ran out of stock quickly. We've obtained more and if you'd like to get one, please act fast to complete the request from and present it at the service counter (27th floor).
For your information
Dalian's (大連) government is coming to Hong Kong to introduce business opportunities there at a forum on 19 March.
 
Institute members enjoy 10 percent discount to advertise in the Hong Kong Trade Development Council's Hong Kong Services Directory 2007. Call TDC's Frank Chow at 2584-4584 if you are interested.
 
The Eighth Annual Corporate and Regulatory Update, organized by the Hong Kong Institute of Chartered Secretaries, Companies Registry, SFC, HKEx and IRD, is taking place on 4 May.
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