Issue no. 182 (23 November 2007)
Dear Members / Member Practices,
 
  Institute news
Corporate governance awards
 

The Institute's Best Corporate Governance Disclosure Awards see the culture of good corporate governance taking root in Hong Kong listed companies. The awards presentation took place on 22 Nov. Click here for details.


Exchanges with the exchange
Click photo to see more
The Institute and HKEx held a forum on the evolution of financial reporting on 13 Nov., drawing close to 200 participants to discuss the use of fair value, preliminary announcements of annual results and periodic financial reporting.

Reminders:
Annual dinner takes place on 6 Dec. Register now as deadline is approaching.
   
This is your last chance to enrol in the SMP symposium on 30 Nov. Topics include quality control, taxation, fair value measurement and disclosure.

QP competition
The University of Hong Kong won the first prize in the QP case analysis competition among 149 entries comprising 550 university accountancy and business students. +

IFAC PAIB resources
IFAC's professional accountants in business committee has published an information paper on internal control and uploaded 10 articles of merit for 2007.
 
N.B. IFAC is celebrating its 30th anniversary this year with World Accountancy Week on 2-8 Dec. as a highlight.

Other news in brief
Fifteen CPA sailors took part in the Around the Island race on 18 Nov., cruising from Causeway Bay via Lei Yu Mun and Shek O to the Cyberport. Two of our yachts finished in six to seven hours and ranked 53 and 130 out of 191 competitors. Click here to see photos.
     
The seminar on cross-border restructuring, merger and acquisition and liquidation coordinated by the Institute's insolvency interest group concluded on 6 Nov. in Beijing. Click here to see the group photo.  
     
The number of authorized employers and supervisors has increased to more than 900 and 1,600 respectively. Act now if you haven't registered. +  
     
The affinity credit card (Wing Lung Bank) promotion booth will be set up on 30 Nov. from 5:30 p.m. to 8:30 p.m. at 27/F, Wu Chung House. +  
     
Come join as QP workshop facilitator to pass on your knowledge. +  
 
  Tech update
The Institute supports the IFRIC's initiative to resolve divergent views on the foreign currency risk that may be designated as a hedge relationship in relation to foreign operation investment. +
   
Ernst & Young has published a guide on valuing employee share options under IFRS 2 Share-based Payment. +
   
PwC has released a publication on illustrative corporate consolidated financial statements 2007. +
 
  CPD
Membership renewal this month requires you to file an official CPD declaration form. Click here for more on CPD requirements.
   
Asian trends and asset valuation techniques in telecom industry is the theme of the CPD seminar on 11 Dec. +
   
Managers joining the CPD workshop on 1 Dec. can learn the power of voice and words. +
 
  Business news
Back to Big Eight

A few auditing firms are catching up with the Big Four five years after Sarbanes-Oxley, according to CFO Asia.com. +


Top concerns for business

Poor language skills, staff shortages and inflated costs are the main challenges for business next year, according to a survey from the Hong Kong General Chamber of Commerce, The Standard reports. +


Google stalled on DoubleClick

EU competition authorities have rejected Google's purchase of DoubleClick, a web advertising agency, because of competition concerns, according to the website of the International Herald Tribune. +

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Disclaimer: "Business news" section
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