Issue no. 202 (30 April 2008)
Dear Members / Member Practices,
 
  Institute news
A Plus: China property ups and downs
 

The May issue of A Plus studies the ups and downs of the mainland's property market and in another feature, looks into how valuers work with auditors. Click here for the main story and refer to your copy coming soon.

  
       
York Chow speaks at healthcare forum
About 200 members attended the forum on 25 April. Collect the consultation paper at the 27/F registration counter to learn more about the issue. Click here to view photos.    
Dr. York Chow speaks at the forum
Shenzhen seminar on China and Hong Kong standards convergence

The convergence of the mainland and Hong Kong accounting and auditing standards is the theme of the Institute's joint seminar with the Shenzhen Institute of CPAs on 30 May. +

HKICPA/CICPA/BNAI Joint two-day training in Beijing
A two-day training on mainland tax policies, new enterprise income tax and the new mainland accounting and auditing standards will be held in Beijing on 24 -25 May. It is free and only 30 seats are available. Act fast to secure your place. +
Goldies Club discusses IFRS
Marvin Cheung, trustee of IASC Foundation, will lead discussion on IFRS on 21 May at the Hong Kong Club. +
ORO circular on bankruptcy
The Official Receiver's Office has issued a circular about reporting of bankruptcy offences when the bankruptcy petition was presented on or after 10 Dec. 07 to the Official Receiver pursuant to section 86A(2)(a) of the Bankruptcy Ordinance (Cap.6). +
Other news in brief
The annual bridge tournament on 31 May welcomes participation from members and students. +
   
Audit Commission, Mercedes-Benz, Pine Technology, MGB METRO Group, Procon CPA are looking for CPAs. Click here for details and here to register.
   
Microsoft Hong Kong Limited is offering members a discount to purchase IT products on or before 31 July. +
   
Come and network with other professional accountants from various business sectors at a cocktail gathering on Thursday evening, 29 May. +
 
  Business news
PCAOB adopts new rules

The U.S. audit oversight board has adopted new rules, which compel firms to declare all relationships it or its affiliates may have with a company that it may audit, Financial Director reports. +
Regulating rating agencies

The SEC says it has enough authority over the credit rating agencies to ease their pervasive problems and the regulations governing these agencies are being revamped now, CFO.com reports. +
 
  Tech update
Two initiatives help members understand the new and proposed changes to standards. +
   
Practitioners are invited to a forum on 28 May to share their technical concerns and learn more about the Institute's new technical support service. +
   
The Institute has commented on IAASB exposure drafts of proposed ISA 501, 520, 210 and 710.
   
  CPD
Please remember you 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.
   
Come join the workshop on 10 May to learn how to take on new challenges and become a leader. +
   
Reading publications can count as CPD (non-verifiable). Please check out the course books for Advanced Writing Programme for Tax Specialists and Advanced Writing Programme for Auditors. These two books are a product of collaboration between the Institute and the Hong Kong Polytechnic University and target language training for professionals. Complete this order form and return to the Institute's counter.
 
   
RMB reserves soar

RMB reserves in Hong Kong have been increasing rapidly but this does not significantly affect the Hong Kong dollar, according to the Hong Kong Monetary Authority, People's Daily Online 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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