News

Issue no. 222 (19 September 2008)

Dear Members / Member Practices,

Institute and Hong Kong news

Annual report clinches international awardsThe Institute's 2007 annual report received top honours from the prestigious international ARC Awards this week in New York City. Our report was singled out among 2,000 entries from 27 countries and clinched four awards for its outstanding design and text content. The report will be on display at the 5th annual European museum exhibition in Hamburg featuring the "Art of the Annual Report." +

New AAT qualification

HKIAAT is introducing a new syllabus for accounting technicians to meet the soaring demand of accounting services in Hong Kong and the mainland. The new structure, effective June 09, focuses on broader business and finance subjects. Click here for the press release.

Goldies breakfast

Last call for the Goldies breakfast gathering on 8 Oct. with David Russell, Q.C., speaking on the dangers of tax avoidance. +

If you missed the September gathering presented by Sanford Yung, you can see photos here.

PAIB happy hour

Come join the happy hour gathering on 25 Sept. to chat with professional accountants working in different business sectors. Admission is free. +

Member services

Modern CPA image

Merry Monday on 6 Oct. will teach you how to build image as a modern CPA. +

Golf reminder

Time to tee off. Come join the CPA golf tournament on 15 Oct. +

Click here to see the at-a-glance calendar for more member activities.

	International news

Don't blame fair value for the crisis

The International Accounting Standards Board has released an update for its current projects, along with a draft report on fair value accounting in response to this week's Wall Street cataclysm. Board chairman David Tweedie emphasized that accounting is not the cause of the credit crisis, CFO.com reports. +

Internal controls puzzle small companies

More than one-third of small, listed companies in the U.S. said they have ineffective internal controls in the first year they have to comply with section 404 of the Sarbanes-Oxley Act, CFO.com reports. +

Mainland news

統一考試規則

財政部印發關於註冊會計師全國統一考試考務工作規則通知。+

支援中小企

財政部制定了一系列資金支援和稅收政策，以促進中小企業的發展。+

Tech update

IASB and FASB update MoU

The 2008 update of the memorandum of understanding between IASB and FASB sets the goal of completing their major joint projects by 2011. +

Borrowing costs

PwC has published a Q&A on HKAS 23 (revised) Borrowing Costs. +

CPD

Management accounting

Don't miss the workshops with CIMA on 10-11 Oct. about risk and control strategies for management accounting. +

Professional development series

Members get special rates for the 2008 professional development series co-offered with the Centre for Professional Education Inc. +

CPD tips

Overseas and busy members can claim "verifiable" CPD hours by attending learning activities outside the classroom, such as e-seminar and e-manager. Click here to enrol in these courses.

For members registered before 1 Dec. 05 the three-year rolling CPD period ends on 30 Nov. 08. Members registered "on or after" 1 Dec. 05 require a minimum of 20 CPD hours (verifiable or non-verifiable) to renew their membership for 2009. Their first three-year rolling cycle will end on 30 Nov. 09 or subsequently. Click here for FAQ.

To enrol in CPD programmes, please click here.


Quick links:
Email us		Change personal information
Visit our website		See past e-circulars
CPA Source		A PLUS

For general enquiry regarding content of this circular, please dial 2287-7228.

If you require any technical assistance on this transmission, please contact IT support team at 2287-7800 or itsupport@hkicpa.org.hk.

Disclaimer Some sections contain 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. This email together with the file(s) transmitted is intended solely for addressee(s) only and may contain confidential or privileged information. If you received this email in error, please contact the sender and delete it together with its attachment(s) from your computer(s). You should note that the views expressed in this email are those of the author and do not necessarily represent those of the Institute. The recipient should check this email and all attachments for the presence of virus. The Institute will not accept liability for any damage caused by any viruses transmitted with this email.