Issue no. 169 (23 August 2007)
Dear Members / Member Practices,
 
  Institute news
Chinese accountants unite
Mainland, Taiwan and Macau accountants are coming to a Hong Kong conference on 21-23 Sept. Hosted by the Institute, the event is officiated by HKSAR Financial Secretary John Tsang. Enrolment and sponsorship are open now.

Survey shows members like A Plus
A recent survey among A Plus readers shows that many of them like reading the magazine with 70% spending between 15 minutes to an hour with the content. Those reading over an hour account for 17%. A Plus was rated highly for its trustworthiness and good design.

Free internal control publication
A new IFAC publication on internal control features the experience of senior executives in large corporations. Free for download, the report is prepared by IFAC professional accountants in business committee, chaired by Institute past president Edward Chow. +
 
N.B. IFAC is celebrating its 30th anniversary this year with World Accountancy Week on 2-8 Dec. as a highlight.

Hot job express Hong Kong Mortgage Corporation, DZ Bank AG, Amcor, Po Leung Kuk and many CPA firms are looking for tax, accounting and auditing professionals. Click here for details and register now to submit your resume.
 
  For your information
Hong Kong Trade Development Council is organizing a Ningbo-Hong Kong economic cooperation forum on 18-19 Sept. +
 
  Tech update
Proposed SME standards

The comment due date for the IASB exposure draft of proposed IFRS for SMEs and its adoption in Hong Kong will be 1 Sept. Let us have your views now. +

 
  Business news
U.S. BDO fined

BDO Seidman in the U.S. was ordered to pay US$521 million in relation to a court case about its audit negligence for failing to uncover fraud. BDO has said it will appeal and has warned that the hefty fine would trigger extensive layoffs, The Standard reports. +


Start-ups favour AIM

Mainland start-up companies are turning to London's AIM, an international market for smaller companies, for listing as it is faster and easier than listing in Hong Kong, according to SCMP.com. +


Clean-up before listing

Polluting industries in China are required to go through a strict environmental audit before they can issue shares. In a bid to clean up the nation, China has also asked domestic banks to curb loans to such industries, Shanghai Daily reports. +

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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.

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