Almost all (99 percent) of our members have filed a declaration of compliance for 2006. Some members have expressed concern and some raised questions about what constitute verifiable CPD hours. Meeting verifiable CPD requirements is in fact easier than what many members might think. Participating in learning activities is accepted as verifiable if they can be objectively verified by a competent source, such as attendance records, registration forms, certificates of achievement or confirmation from course providers including employers for in-house training programmes. Click here for more FAQs on CPD. We are updating Statement 1.500 Continuing Professional Development to make it more principle-based in line with the IFAC International Education Standard 7, so that members may exercise their own judgment to better meet the objectives of CPD in their circumstances. |
he Institute has submitted its proposals to the government's consultation on broadening tax base, which ends 31 March. While suggesting new tax options, the Institute still believes GST is the best way to produce a substantial, steady stream of revenues. Click 
or the first time, National Standard Setters met in Hong Kong at the Institute on 24-25 March to discuss the Conceptual Framework, IFRS for SMEs, impairment, pensions, equity and liabilities, and cooperation with the International Accounting Standards Board. Attending the meeting were representatives from the IASB and the European Financial Reporting Advisory Group and national standard setters from around the world.
n 4 minutes and 45 seconds, the Institute team walked up 49 floors (947 stairs) to reach the top of Jardine House in an annual charity competition on 25 March to promote mental health. Thanks to sporting CPAs Newton Chan, Stanley Chan, David Kam, Tam Kin Tong and Catherine Yiu.
