Issue no. 196 (20 March 2008)
Dear Members / Member Practices,
 
  Institute news
China forum series
 

A new China forum series, comprising four half days in Saturdays of 19 Apr., 17 May, 24 May and 7 Jun., will cover mainland tax, accounting, legal and investment issues. Prominent speakers from the mainland government and accounting firms will speak on important topics. +

 
Forum on listing rules

Come join the forum co-hosted by corporate finance interest group and professional accountants in business committee on 1 Apr. to study the implications of the proposed listing rules changes following the HKEx's recent consultation. Speakers include representatives from the HKEx, listed issuer, sponsor, investor and legal adviser. +
Goldies Club
The Goldies Club for retired partners and senior members will meet again on 23 Apr. at the Hong Kong Club to discuss Sarbanes-Oxley Act and its effect on U.S. capital markets. +
Practice review deadline
The deadline is fast approaching for the second group of practice units to submit the self-assessment questionnaire. Please act by 31 Mar. Click here for details or call 2287-7850.
Other news in brief
Hong Kong Productivity Council will organize a forum in Wuhan on 27-28 Apr. to promote investment in Hong Kong. +
   
Hong Kong Trade Development Council's CEO forum will take place on 21 Apr. +
   
Learn more about recent amendments to the MPF legislation by visiting this official webiste.
 
  Business news
Bear Stearns sold

The deal to rescue Bear Stearns by JPMorgan and the U.S. government represents the stunning downfall of one of Wall Street's biggest and most storied firms, International Herald Tribune reports. +
Fair value debate

Bankers cry foul over fair value accounting rules as Wall Street braces for a new round of write downs, FT.com reports. +
 
  Tech update
The IASB's 2008 IFRS bound volume is now available at a discounted price of HK$900. +
   
The IAASB annual report 2007 has been published. +
 
  CPD
Earn up to 3.5 free CPD hours by viewing the video of IFAC World Accountancy Forum held to commemorate IFAC's 30th anniversary. +
   
Members are reminded they need a total of 120 CPD hours of which at least 60 hours are verifiable over a three-year period ending 30 Nov. this year (the first three-year rolling period started on 1 Dec. 2005). Click here for a wide range of learning activities.
   
   
CFOs see recession

Optimism among U.S. CFOs has plummeted with 75 percent of them predicting a recession at some point during 2008, CFO.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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