News

Issue no. 187 (4 January 2008)

Dear Members / Member Practices,

Institute news

A Plus features China convergence

The Jan. issue of A Plus is featuring convergence of Chinese and Hong Kong accounting and auditing standards and accountants as estate administrators. This year, in response to your comments to the readership survey in 2007, you'll see some new design and content. Click here for the main story and refer to your copy coming soon.

Praise for annual report

The Institute's annual report was featured in Hong Kong Economic Times (29 Dec.) in an article praising it for an outstanding concept for keeping readers interested. HKET says the Institute made the annual report environmentally friendly and cost-effective by separating Chinese and English languages and allowing members to choose an online version. +

Budget coverage

Comments from the Institute regarding the government's budget were widely covered by the news media in December, with about 20 print and electronic reports. At the press briefing on 20 Dec., the Institute called for tax cuts for families. +

Joint seminar with SFC on PN 820

An Institute seminar with the Securities and Futures Commission about the audit of licensed corporations and associated entities of intermediaries is taking place on 12 Jan. +

CPA e-shop

The new CPA e-shop lets you select premium products online with special discounts. The animated features will guide you through the process. +

Reminders

	This is your last chance to submit tenders for running member workshops on PRC accounting, auditing, taxation, capital market and corporate governance. Please act by 31 Jan. +

	Only a few seats remain for the study mission to Guangzhou on 17-18 Jan., which will visit four Guangdong government departments and two enterprises and include a seminar on the new mainland corporate income tax law. +

Business news

A-share tops the world

China's A-share market topped the world last year by raising a total 447 billion yuan from initial public offerings, according to Ernst & Young's statistics, China Securities Journal reports. +

Sanyo's accounting errors

Sanyo Electric has corrected six years of earnings reports after being threatened with delisting by the Tokyo Stock Exchange, Hong Kong News.Net reports. +

"Accountant" protection

Accounting institutes in the U.K. are gathering evidence from members to persuade the government to bar people without proper qualifications from calling themselves "accountants," Best Practice magazine reports. +

Tech update

	The latest TechWatch is now online. Click the tab above for technical updates.

	The Institute supports the proposed redrafted ISA 220 and ISQC 1 considering that the objectives to be achieved by the auditor are appropriate. +

	Your comments are welcome on the IASB exposure draft on group cash-settled share-based payment transactions in relation to amendements to IFRS 2 and IFRIC 11. +

	Please also let us have your comments on the IASB exposure draft of proposed amendments to IFRS 1 and IAS 27. +

	Members' handbook update no. 46 contains revisions to HKAS 1 Presentation of Financial Statements. +

CPD

	Islamic finance is a hot topic in the global financial markets. Register now for the CPD programme on 15 Jan. to learn more. +

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

	Don't miss the workshop on 12 Jan. to learn how world-renown leaders apologize. +

For more CPD programmes, click the tab above for the new CPD online.


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