Issue no. 207 (5 June 2008)
Dear Members / Member Practices,
 
  Institute news
Financial reporting by private companies
 

Private companies need simplified financial reporting. At the press briefing on 4 June, the Institute announced it was seeking comments from the businesses, professionals, bankers and regulators on the best route. +

Click here for the consultation paper.

 
       

A Plus studies EY global merger

 

The June issue of A Plus interviews Ernst & Young China Chairman David Sun on his vision of one global firm. Health chief York Chow explains why healthcare needs a revamp while accountants show heart in quake relief. See the main story and refer to your copy coming soon. +

Best singers
Ricky Ng won the CPA karaoke contest with Andy Lau's song "一起走過的日子" on 2 June. Other winners included Keith Choi, Angel Fock, Philip Leung, Karie Chung and Iris Kwok. +

Come cheer sporting CPAs
CPA basketball competition finals will be held on 29 June at Smithfield Sports Centre from 10 a.m. to 1 p.m.
   
Our CPA teams are getting ready for the Stanley Tuen Ng races on 8 June and Hong Kong International Dragon Boat races in Shatin on 14 -15 June.

Sports - good news
Cheung Fu and S.F. Fung won the championship of CPA 2008 bridge tournament on 31 May. +
   
The Institute's team came in fifth in the Tenpin Bowling Competition on 1 June organized by Hong Kong Coalition of Professional Services. +
     
The Institute's football team was first runner-up at the Hong Kong Chinese Football Referees' Association football match on 1 June. +

Others
Get in shape for summer with members' special offer from California Fitness. +
     
The Institute's practising certificate revision courses will prepare you for the PC exam on law and tax planning in September. +
     
Join the ranks of over 1,000 authorized employers and 1,600 supervisors to attract top-notch QP candidates to your company. +
     
The next professional accountants in business gathering is taking place on 26 June. +
 
  Tech update

Expanded SME-FRF

Let us have your comments on the proposed amendments to SME-FRF and SME-FRS which will be extended to include group accounts and cash flow statement. +

TechWatch 68

For more tech news, refer to the latest TechWatch above, covering Institute's comments on e-prospectuses, corporate code of conduct and TUE.

 
  CPD
Audit planning
Come join the workshop on 7 June about audit planning and risk assessment. +

Tax investigation
The workshops on 21 and 28 June will teach you how to handle field audit and investigation. +

SOX
The Sarbanes-Oxley Act will be theme of the joint seminar with Chartered Secretaries and the Law Society on 26 June. +
 
For more programmes, refer to new CPD Online above.
 
  Business news
Telecom shake-up

China Unicom's impediment to growth would be removed after its long-awaited mega-merger with China Netcom, BusinessWeek.com reports. +


China luxury

China's rich have insatiable appetite for haute couture, good news for European and American designers who are feeling the pinch from credit crisis, China Daily 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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