Issue no. 209 (19 June 2008)
Dear Members / Member Practices,
 
  Institute news
GAA e-journal debut
 

The Global Accounting Alliance e-journal is a powerful tool where the thinking of accountants from the world's best institutes is shared. Published every other month, the journal is another benefit from the GAA along with the Passport for Member Services.

 
       

Support quake relief
Click photo to enlarge

President Albert Au presented a cheque of HK$1.5 million to Red Cross on 13 June to help Sichuan earthquake victims. You can still help the relief by buying May Moon Money-Wise Box Set at the special price of $30. +


Practice review update

The quality assurance department plans updates for members about practice review starting this week. This update covers scheduling and some common issues identified during the reviews. +


Goldies Club talks about SOE governance

Chung Shui Ming, a veteran board member of listed companies and former executive councillor, will talk at the Goldies Club's breakfast meeting on 9 July about corporate governance of listed state-owned enterprises. +


Merry Monday - wine tasting

Join Merry Monday on 7 July to taste different red wine grape varieties such as Sauvignon Blanc and Merlot. See you at the Institute's members lounge at 7 p.m. +


PAIB gathering

Expand your business network by participating in the professional accountants in business gathering on 26 June. +


Sports
Yachting introductory course will be held on 19-20 July. +
     
Joint professional badminton competition will take place on 20 July. +
     
Showcase your ping pong skills at the joint professional table tennis competition in December. +
   
Our dragon boat team was the 3rd runner-up in the International Mixed "Plate" Championship (group B final) in the Hong Kong International Dragon Boat Regatta 2008 on 14-15 June, and ranked 11th out of 143 teams in the Stanley Tuen Ng races on 8 June. +

Others
Deadline for registering Latin dance class is 20 June. +
     
Microsoft is offering software discounts. +
 
  Mainland news
執業質量檢查
中國注冊會計師協會嚴格開展對事務所執業質量檢查,重點放在新準則的執行情況。+

企業所得稅法培訓班
財政部發出關於續辦企業所得稅法實施條例及企業實施會計準則問題培訓班的通知。+
 
  Tech update

New interpretation

HK (IFRIC) - Int13 Customer Loyalty Programmes will be effective for annual periods beginning on or after 1 July 2008. +

Ethics comments

IFAC's international ethics standards board for accountants is seeking comments on internal audit services and relative size of fees. +

 
  CPD
China forum rescheduled
Due to black rainstorm signal on 7 June, the last session of the China forum series was postponed to 5 July. Spaces are available. +

Valuation training
Last call for workshops on mergers and acquisitions valuation, where you will gain practical real world guidance by CPE Inc. starting 23 June. +

SOX
A joint seminar with Law Society and Chartered Secretaries on 26 June will study the influential Sarbanes-Oxley Act. +
 
  Business news
Budweiser buyout

Opponents to the proposed Anheuser-Busch buyout by InBev are setting up an online campaign to scuttle the deal, BusinessWeek.com reports. +


Lehman loss

America's fourth largest investment bank, Lehman Brothers, has posted its first quarterly loss of US$2.8 billion since it went public in 1994, BBC News.com reports. +


World regulators united

The world's securities regulators, notably the U.S. Securities and Exchange Commission, are increasing their oversight of international accounting standards, according to CFO.com. +

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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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