News

Issue no. 194 (7 March 2008)

Dear Members / Member Practices,

Institute news

Beijing and Shanghai city groups established

Members living or working in Beijing and Shanghai can now network through the Institute's mainland city groups. The inaugural cocktail parties on 3 and 4 Mar. were a hit and were attended by over 200 members, students and guests from mainland government and professional bodies. Click here to see photos of the events and here to join the groups.

Budget debriefing

About 100 members attended the briefing on 28 Feb. to hear more about the government's new budget from the Secretary for Financial Services and the Treasury K.C. Chan. +

Islamic finance

A Plus this month reports why Islamic finance is a great opportunity for Hong Kong CPAs. It also studies the impact of China's new corporate tax and labour law. Click here for the cover story and refer to your copy for other stories.

Goldies Club gathering

The "Goldies Club" breakfast gathering on 12 Mar. will talk about how to minimize professional liability. +

PRC guidelines

The new China engagement and quality control standard guidelines are now available for subscription. +

Other news in brief

	The new AAT qualification has been finalized and will be introduced in Jun. 09. +

	Get free advice from the Institute's China Desk about issues on PRC accounting, taxation, customs, investment opportunities, industry and commerce, economics and trade. +

	CUHK is holding a seminar on 15 Mar. to study human resources challenges in financial services sector. +

	The Hong Kong Institute of Chartered Secretaries' 9th annual corporate & regulatory update conference will take place on 9 May. +

	The latest issue of the Accountant Ambassadors e-newsletter is now online. Click the tab above for details.

Tech update

	Click here for the revised Q&As on audit of financial statements of owners' corporations of buildings - audit issues.

	Institute comments on IASB exposure draft of proposed amendments to IFRS 1 and IAS 27. +

Click the tab above for the new TechWatch.

CPD

	An international expert will share on the new leadership styles for the 21st century on 19 Mar. +

	Learn more about customer relationship management for manufacturing and trading businesses on 12 Mar. +

	For more programmes, please refer to the new CPD Online above.

Business news

Liechtenstein probe

At least nine nations are now examining tax evasion related to Liechtenstein after a massive investigation by German prosecutors, BBC reports. +

No changes to fair value

The U.S. PCAOB has expressed reluctance to make changes to fair value accounting, which has been advocated by some in the wake of the credit crunch and huge company writedowns, according to Accountancy Age.com. +

Banks urged to cut loans

The U.S. Federal Reserve chairman is urging America's lenders to respond vigorously to its housing crisis by cutting the size of some outstanding home loans, Times Online reports. +


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