News

Issue no. 167 (9 August 2007)

Dear Members / Member Practices,

Institute news

Practice review e-questionnaire

Access to the practice review self-assessment questionnaire for the first group of practice units is now open. Please click here to access the questionnaire. The second group of practice units have been advised of their group allocation. Click here for practice review background, timeline and exemptions.

Navigating the new regulatory waters

The August issue of A Plus overviews the global regulatory changes five years after the Enron scandal. It also features interviews on both Hong Kong and U.K. Financial Reporting Councils and a reminiscence on Arthur Andersen. Click here for the main story and see your copy for more.

Second annual conference with ICAEW

The Lord Mayor of the City of London will come to Hong Kong on 24 October to address the second annual conference organized by the Hong Kong Institute of CPAs and the Institute of Chartered Accountants in England and Wales at Grand Hyatt Hong Kong. Conference topics include regulations, standards, money laundering and CFO challenges. Institute members get a special discount and earn seven CPD hours. +

Emerging practitioners interest group

The former young professional interest group has now been renamed to the emerging practitioners interest group, and welcomes you to join as members. The first gathering under the new name will talk about auditing standards on 30 August.

Come celebrate National Day

This year's National Day dinner will also celebrate the 10th anniversary of the HKSAR establishment. Come join this exhilarating evening on 20 September organized with the Society of Chinese Accountants and Auditors. +

Table tennis winners

Congratulations to our winners of the CPA table tennis tournament, which concluded on 31 July. Click here for the results.

Click photo to enlarge

Business news

Mainland personal data protection

The mainland is planning to introduce its first law to protect personal information amid rising abuse of people's private details by advertisers, Quamnet reports. +

Second renminbi bonds

The Export-Import Bank of China will become the second mainland bank to issue renminbi bonds in Hong Kong. The two-year bonds are worth 2 billion yuan and pay annual interest rate of 3 percent, according to the China Securities Journal report. +

Tech update

Hedging currency risk

Comments are requested on the IFRIC's draft interpretation to clarify two issues in relation to IAS 21 and IAS 39 about the hedging of foreign currency risk within a company and its foreign operations. +

CPD

INED programme

The executive programme for independent non-executive directors takes place in September. Seasoned practitioners will share their experience on the challenging role as an INED. +

Mainland M&A

The Institute's mainland business interest group is organizing a seminar on 31 August on regulations for merger with and acquisition of domestic enterprises by foreign companies. +

M&A reporting

A leading overseas financial reporting valuation specialist is visiting Hong Kong on 30 August to speak on the latest developments and implications of business mergers and acquisitions in financial reporting. +

Business communication

Enrol in the "writing for accountants" and "presenting proposals" to learn modern English writing style and how to make formal presentations to management.

Corporate governance

Charles Grieve from the Securities and Futures Commission will share with you the impact of corporate governance on share price on 19 September. +

Business news

Overseas listings

Twenty one Chinese enterprises issued IPOs on overseas markets in the second quarter, raising a total of US$11.5 billion. Hong Kong is still the most favourite market, Ministry of Commerce reports. +


Quick links:
hkicpa@hkicpa.org.hk		Change personal information
www.hkicpa.org.hk		See past e-circulars
CPA Source		A PLUS

For general enquiry regarding content of this circular, please dial 2287-7228.

If you require any technical assistance on this transmission, please do not hesitate to contact the following:

	Telephone	E-mail address
IT Support Team	2287-7800	itsupport@hkicpa.org.hk
Disclaimer: "Business news" section The "Business news" section contains information from outside sources. We endeavour to link to reputable sources but the Institute is not responsible for the accuracy of the content and the content does not necessarily represent the views of the Institute. This email together with the file(s) transmitted is intended solely for addressee(s) only and may contain confidential or privileged information. If you received this email in error, please contact the sender and delete it together with its attachment(s) from your computer(s). You should note that the views expressed in this email are those of the author and do not necessarily represent those of the Hong Kong Institute of Certified Public Accountants. The recipient should check this email and all attachments for the presence of virus. The Institute will not accept liability for any damage caused by any viruses transmitted with this email.