Issue no. 189 (17 January 2008)
Dear Members / Member Practices,
 
  Institute news
Keep qualified accountant requirement
 

In the new consultation paper from the HKEx, the exchange is proposing to remove from the listing rules the requirement for a qualified accountant for both main board and GEM issuers. In an interview with Sing Tao Daily, Institute Chief Executive Winnie Cheung says the proposal is regressive for corporate governance, noting that transactions are getting more complicated and need the skills of a professional accountant.

 
       
TIG talk on ING Baring tax case
The taxpayer's counsel in the ING Baring case will discuss the impact of the case on the source of profits principle at the next taxation interest group's event on 23 Jan. +
Happy hour gathering
Two gatherings for professional accountants in business are taking place on 31 Jan. and 28 Feb. These monthly gatherings are usually held on the last Thursday. +
Go sailing

Come join the introductory sailing course on 2-3 Feb. organized by the sports interest group. +

Hot jobs

Financial services and professional bodies are looking for tax, accounting and auditing professionals. Click here for details and register now to submit your resume.
 
  Business news
SIVs on balance sheet

The IASB is discussing ways of bringing structured investment vehicles back onto the books following criticisms over the role of such off-balance sheet practices in the credit crunch, AccountancyAge.com reports. +

No free plastic bags

Mainland consumers will pay for plastic bags in supermarkets and shops starting this June, CCTV.com reports. +

 
  Tech update
Your comments are welcome on the IAASB exposure drafts of proposed ISAs 501, 520, 265, 402 and ISAE 3402. +
   
Members' handbook update no. 47 contains amendments to HKFRSs as a result of HKAS 1 (revised), HKFRS 7, HKFRS 8 and others. +
   
 
  CPD
Risk management for U.S. companies will be the theme of the seminar on 22 Jan. +
   
Don't miss the workshops on 16 & 23 Feb. to learn more about international trade finance products +
   
Come join the seminar on 4 Feb. about data integrity and IT technology. +
   
   
Mobile trends for 2008

Wireless operators sharing networks and pushing data services, and the release of more multimedia devices like the iPhone will dominate mobile trends for 2008, BusinessWeek.com reports. +

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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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