News

Issue no. 185 (12 December 2007)

Dear Members / Member Practices,

Institute news

Council election results

Click here to see the names of the seven newly elected council members. The results will be officially announced at the AGM this Friday, 14 Dec., 5:30 p.m. at 27/F., Wu Chung House. The new president and vice presidents will be elected at a special meeting afterwards.

Full annual report

The Institute's 2007 full annual report has been published, using the popular "success stories" advertising campaign to talk about member achievements. Click here for the online version and here if you wish to get a hard copy.

CPA e-shop

A new service, CPA e-shop, is now available for members to select premium products online with special discounts and free delivery. Christmas is coming and it's time to buy your gifts. +

Early closing

The Institute and its library will close early at 4 p.m. on 24 Dec. for Christmas Eve and 31 Dec. for New Year's Eve.

Business news

MI5 seeks help from KPMG

KPMG was called by the U.K. government security service MI5 to lead a group monitoring cases of industrial espionage, AccountancyAge.com reports. +

Budget surplus

Deloitte has predicted Hong Kong's budget surplus will be HK$70 billion this financial year and suggested a rates concession and tax refunds, according to SCMP.com. +

FASB as part of IASB

The chairman of the U.S. Financial Accounting Standards Board says his wish list includes making FASB the U.S. branch of the International Accounting Standards Board, AccountancyAge.com reports. +

Tech update

	The U.S. Public Company Accounting Oversight Board has published a staff audit practice guide, giving auditors additional information on auditing fair value measurements and disclosures. +

	A paper on accounting for the credit crisis has been issued by Ernst & Young Global. +

	PwC Global has published a new guidance on IFRIC 13 Accounting for Customer Loyalty Programmes to help clarify the impact of the interpretation. +

CPD

	Come join the CPD programme on 10 Jan. to learn more about accounting and governance in the Chinese media industry. +

The workshop on 26 Jan. will talk about business information management. +


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