News

Issue no. 172 (14 September 2007)

Dear Members / Member Practices,

Institute news

QP hits new record

The number of QP graduates reached a new record of 916 this year, a 66% jump from last year. The qualification programme has accumulated more than 9,100 candidates and 2,400 graduates since its introduction in 1999. Click here for the press release and graduate list.

HKEx CE Paul Chow and graduate

"Be a CPA" website

A special website created by the Institute is now online to introduce young people to the profession. BEaCPA.com.hk provides a step-by-step guide to becoming a CPA. The site has drawn over 80,000 hits since it have been live on 10 Sept.

New council member

Ada Chung has become an ex-officio council member effective 27 Aug., following her appointment as the new Registrar of Companies. Gordon Jones retired from the post after 34 years of public service, including 14 years on the council. Click here for the government's press release.

Asia outsourcing

The Sept. issue of A Plus studies how Asia is taking on more outsourced work, profiles PwC partner Tim Lui and reports on the trend that accountants are beating MBAs to CFO positions. Click here for the main story and refer to your copy for more.

Retail business solutions

Professional accountants in business committee is organizing a mini-forum on 3 Oct. featuring speakers seasoned in retail and business management. Members from different business sectors are welcome. +

Join as a trainer

Register as an authorized employer or supervisor to attract top-notch candidates to your company and join the ranks of over 900 employers and 1,600 supervisors. +

Ping Pong winners

The CPA table tennis team won the second runner-up award in the Joint Professional Table Tennis Tournament on 9 Sept. Congratulations. +

Click photo to enlarge

Tax bulletin reminder

Subscribe to the PRC Tax Bulletin by 19 Sept. for one year and get a free copy of Finance and Economics Update. +

Tech update

Ethics comments

The Institute supports the International Ethics Standards Board for Accountants' strategic and operational plan for 2008-09 but is concerned about a clear notion for "entities of significant public interest" in determining independence requirements. +

CPD

Negotiation and deal making

A new CPD programme on negotiation and deal making for executives is now open for enrolment. +

Risk and control

Come join the two-day workshop organized with CIMA for management accountants on risk and control strategies.

Business news

NYSE adopts XBRL

The New York Stock Exchange will use extensible business reporting language (XBRL) to make their financial data searchable online. The U.S. SEC said this would save significant time and expense for investors, analysts and preparers, CFO.com reports +

Rating agencies face scrutiny

U.S. regulators are reviewing whether credit-rating agencies have any conflicts of interest in the mortgage market debacle. The three biggest agencies have been criticized for failing to give investors' adequate warning, according to AASTOCKS.com. +

China's luxury bling

Mainland people's spending on luxury goods will jump 134% to US$44.4 billion in 2016, according to a recent study. China is now the third largest luxury goods markets, accounting for 12% of global sales, behind Japan's 41% and U.S.'s 17%, SCMP.com 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.