Issue no. 213 (17 July 2008)
Dear Members / Member Practices,
 
  Institute news
     
  Meet LegCo candidates  
 

Come join the LegCo forums organized by the Institute on 5 Aug. and 2 Sept. to discover the views of candidates running in the accountancy functional constituency election in September. Allen Lee(李鵬飛) will moderate the forums. +

  
       
Mainland companies strengthen internal controls

Let us have your comments on three exposure drafts on internal controls issued by mainland financial regulators. The EDs are about guidance on auditing, assessment and application to the internal control framework effective for mainland listed companies from 1 July 2009. Please express your views to the Institute through this email so that we can make a thorough submission to the mainland government.
ICAEW agreement extended

The Institute has strengthened its relationship with the ICAEW by extending its membership and cooperation agreement. From 20 May 2008, members graduating from QP can continue to apply for ICAEW membership without taking any exams. Other members who have completed QP final exam and any one QP module are eligible to join ICAEW. +
Directors of the year

Members are welcome to nominate outstanding directors for the Hong Kong Institute of Directors' annual awards. +
 
  International accounting and business news
IAASB work plan
The three-year strategy and work programme of IAASB emphasizes the development of standards that contribute to the effective operation of the world's capital markets and addresses the needs of SMEs and SMPs. +
CPD measurement

A new paper from the International Accounting Education Standards Board aims to assist IFAC member bodies to develop CPD programmes for professional accountants. +

Credit crisis website

The IASB has set up a dedicated section of its website in response to the credit crisis and provides links to related announcements. +
Paulson and Bernanke back IFRS

U.S. Federal Reserve chairman and the treasury secretary have made their strongest commitment yet to switching to IFRS, Reuters reports. +
NZ annual report awards

New Zealand Institute of Chartered Accountants' 2008 annual report awards were fiercely contested among large and small commercial and government organizations. The awards have been held for 52 years. +
 
  Mainland news
Hot money threat
The end of yuan appreciation expectations would trigger the flight of billions of dollars in speculative hot money and pose threat for a financial crisis in the next couple of years, a mainland senior banking official predicts, according to Quamnet.com. +
會計師積極參與四川救災工作
中國註冊會計師行業就四川地震的捐款已超過4,300萬元。部分會計師事務所更積極投入抗震救災捐贈款物的清理審計工作。+
 
  Tech update

Conceptual framework

Give your comments on the IASB exposure draft for an improved conceptual framework for financial reporting and the discussion paper on the reporting entity by 29 Aug.

IFRS 3 and IAS 27
Deloitte has published guidance on revised IFRS 3 Business Combinations and IAS 27 Consolidated and Separate Financial Statements. +
 
  CPD
Verifying CPD
It's easier than you think to verify CPD requirements - for example, use your attendance records and certificates. Click here to plan for your CPD and here for FAQs.
Driving performance
The joint seminar with CIMA on 4 Aug. will teach you how to measure and drive your companies' performance. +
Improving efficiency
Improving operation efficiency and decision making quality is the theme of the CPD seminar on 19 Aug. +
 
  Member services
Rumba and samba

Latin dance class on rumba and samba will begin 30 July for four consecutive Wednesday nights. +
Wine and photos

Join Merry Monday on 4 Aug. to learn how to read wine labels, taste wine and take professional photos. +

Esprit offers

Esprit is offering members and students free club membership to enjoy exclusive privileges in 2008. +

PAIB gathering
The next professional accountants in business gathering will be held on 31 July. +

Click the new member services tab above for more programmes and benefits.

 
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