Issue no. 205 (23 May 2008)
Dear Members / Member Practices,
 
  Institute news
Fund raising for earthquake victims
 

In less than one week, the Institute has raised HK$1.5 million, including HK$1.2 million from members and HK$300,000 from the HKICPA Charitable Fund, to support the Sichuan earthquake victims. Your swift response is a valuable contribution to rescue and rebuilding efforts of aid agencies. If you haven't donated and would like to, please refer to this appeal letter for details.

 

Double taxation forum
Commissioner of Inland Revenue will update members on the mainland and Hong Kong double taxation arrangement at the Institute's taxation interest group forum on 12 June at the Revenue Tower. +

Happy hour

 

Come join the happy hour gathering with professional accountants from various business sectors on Thursday evening, 29 May. Free drinks and snacks will be provided. +

Agreement with AIA
The Institute has signed a mutual examination paper exemption agreement with the Association of International Accountants. Click here to see the FAQ.

Other news in brief
Capital Magazine is organizing a seminar on 30 May about SMEs and the global credit crisis. +
   
Members get special rate for the 4th Asia Pacific audit and governance summit on 17-18 June in Malaysia. +
   
Members enjoy free trial services of investment recommendations from Quamnet and one year free Quam Money magazine.
   
The latest issue of the Accountant Ambassadors
e-newsletter is now online. Click the tab above for details.
 
  Business news
Mandating XBRL

The Securities and Exchange Commission voted to require companies to file financial statements in XBRL in the coming years, WebCPA.com reports. +


Auditor liability debate

The U.K. Companies Act that went into effect last month has raised the debate on auditor's liability, writes Business Insurance.com +


Auditing quake funds

The National Audit Office in Beijing says it will audit cash and goods for quake disaster regions to ensure resources are strictly managed, China Daily reports. +

 
  Tech update
U.K. Financial Reporting Council confirms the relevance of "true and fair" concept. +
   
Let us have your views about the IASB discussion papers on reducing complexity in reporting financial instruments and preliminary view on amendments to IAS 19 Employee Benefits.
   
The Institute comments on IFRIC draft interpretation D23 Distributions of non-cash assets to owners.
   
  CPD
The second session of the China forum series attracted more than 550 attendants. The next one on 24 May, about mainland new accounting principles and developments, has received 500 enrolments. Act fast to reserve your seat for the next one on 7 June. +
   
You can fulfill CPD requirements by attending training courses outside the Institute. Judge what is relevant to your professional development and remember, programmes can be classroom training, e-seminar or e-manager.
   
Don't miss the workshop on 21 June to improve your communications by looking at the client's perspectives. +
 
  Mainland news

財政部監督檢查局就2008年全國會計監督檢查工作回答記者題問。+

   
中國注冊會計師協會關於印發《中國註冊會計師繼續教育制度補充規定(徵求意見稿)》的通知。+
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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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