News

Issue no. 217 (14 August 2008)

Dear Members / Member Practices,

Institute and Hong Kong news

LegCo forumCome join the last LegCo election forum on 2 Sept. moderated by Allen Lee. Please note the enrolment deadline is 25 Aug. The first forum held earlier this month was a hit and if you didn't attend, you can watch the webcast on our website. In response to your comments, we have improved the replay functionality so that you can fast forward, rewind and change volume during viewing.

National Day celebration

Financial Secretary John Tsang will be the guest of honour at the National Day dinner for the accounting profession on 23 Sept. at the HKCEC. Seats are limited so act fast to book a table for your firm and business associates.

Tax filing extension

The IRD has acceded to the Institute's request on behalf of members to extend the filing due date for "D" code tax cases for one week until Friday, 22 Aug. Click here for IRD's circular to tax representatives.

Salaries tax updates

Update yourself on recent developments in salaries tax at the taxation interest group forum on 11 Sept. +

Listed companies conference

Members get a special discount for the Chamber of Hong Kong Listed Companies' annual conference on corporate governance, jointly organized with Courses & Seminars Ltd. on 9 Sept. in which the Institute is a supporting organization. Additional discounts are available for group enrolment and registering online. Click here for the discount package.

Member services

Dragon boat results

The Institute's women's team was the 4th runner-up at the "Women's Open" Silver Cup final, and the men's team was the 5th runner-up at the "Professional" Silver Cup semi-final race in Repulse Bay on 10 August. +

PAIB happy hour

The next professional accountants in business gathering is taking place on 28 Aug. at members' lounge. All members are welcome and admission is free. +

	International accounting and business news

Credit-swap risks disclosure

The U.S. FASB voted to require banks and other companies that sell credit derivatives to disclose more information to investors starting at the end of this calendar year, CFO.com reports. +

Tackling corporate tax shelters

U.S. tax authorities have given companies an ultimatum to stop lease transactions designed to avoid paying tax or face legal action, AccountancyAge.com reports. +

Tech update

Financial reporting concepts

The deadline for comments on the IASB exposure draft for the financial reporting conceptual framework and the discussion paper on the reporting entities is 29 Aug.

New TUE

Seats for the new TUE programmes on auditing and accounting standards are sold out for August. Sign up early for the remaining programmes to avoid disappointment. +

CPD

Verifiable CPD hours

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.

Effective presentations

Come join the workshop on 6 Sept. to build your confidence in making presentations +

Motivation programmes

Motivation is an important skill for team building so come join the CPD seminar on 12 Sept. to learn more. +

New HKFRS courses

Please check out the new HKFRS courses by Kaplan in September.

To enrol in CPD programmes, please click here.

Mainland news

China trails Global M&A

A dearth of executives with cross-cultural knowledge and experience managing foreigners poses a big stumbling block to the mainland's global M&A ambitions, according to a McKinsey analysis, BusinessWeek.com reports. +


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