The deadline for submission of the practice review self-assessment questionnaire for the first group of practice units is 14 Dec. Act now if you haven't submitted yours yet. Click here for details. Enquiries: 2287-7850.
A Plus features money laundering
The Nov. issue of A Plus studies accountants' role in reporting suspicious transactions and how company formation agents are used as siphons for dirty money. Other features cover why large private companies need their own reporting standards and how the big firms manage work-life balance. Click here for the main story and refer to your copy published this week.
Annual mainland visit and QP agreements
Click photo to see more
A 22-member delegation from the Institute was received by high-level officials at their visits to Tianjin and Beijing on 28-30 Oct. Two agreements on QP were signed. The first, with the Chinese Institute of CPAs, offers a scholarship of $10,700 to top mainland CPAs taking QP. One with the Beijing National Accounting Institute provides support for QP offering in the mainland.
Insolvency lunch
INSOL President Robert Sanderson will be speaking at the insolvency interest group's lunch seminar on 7 Nov. +
Corporate financiers gathering
Over 100 members joined the inauguration of the corporate finance interest group on 26 Oct. Click here to view photos.
Reminders
The professional accountants in business networking cocktail will be held on 6 Nov. +
The deadline for submitting tenders on helping the Institute run workshops for members on mainland tax, accounting, capital market and other issues is 15 Nov. +
For your information
Authors of the Sarbanes-Oxley Act are visiting for a conference on 4 Dec. to discuss the impact of compliance on world financial markets. Members get a 10% discount. +
Members also get special rate on the Hong Kong International Arbitration Centre's conference on 7 Dec. about investor-state arbitration in Asia. +
The Trade and Industry Department has issued a notice to help eligible Hong Kong service suppliers enjoy preferential treatment under CEPA. +
Tech update
Internal controls paper
Your comments are welcome on the Institute's draft paper about how reporting accountants can help new IPO applicants and sponsors in connection with internal controls over financial reporting. +
Handbook update
Members' handbook has been updated with the latest Professional Accountants Ordinance and the new glossary of terms relating to Hong Kong Standards on Quality Control, Auditing, Assurance and Related Services. +
CPD
Membership renewal
Membership renewal is rapidly approaching and you'll need to make your CPD declaration before 30 Nov. This month, the Institute is running more than 25 programmes. To find out more, click the CPD tab above.
Business news
PCAOB report
The U.S. Public Company Accounting Oversight Board has released a report listing 11 common problems found during its first three years of inspections of smaller audit firms, CFO.com reports. +
Merrill boss ousted
The world's biggest brokerage Merrill Lynch has ousted its chairman and chief executive just days after reporting the biggest quarterly loss in the company's history, according to Reuters.com. +
Japan commits to IFRSs
Accounting Standards Board of Japan is committing to global convergence with IFRSs by 2011 and eliminating major differences between its standards and the IFRSs by 2008, Financial Director reports. +
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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