Issue no. 228 (31 October 2008)
Dear Members / Member Practices,
 
  Institute and accounting news
       
 

A Plus: Global economy takes a tumbleThe November issue of A Plus talks about the financial meltdown and examines what got the global economy into its current mess. It also features Silas Yang, PwC China Chairman, explaining how his firm is meeting the needs of a shaken economy. See the main story here and look for your copy coming soon.

  
Goldies on services for members
The last Goldies Club's breakfast gathering of 2008 presents Alison Wilde, director of professional development and immediate past president of CABA, the Chartered Accountants Benevolent Association. She will talk about member support services. +
Global CFO - Owning the truth
The third issue of GAA e-journal is now live with contributions from other member bodies of the Global Accounting Alliance, where the thinking of accountants from the world's best institutes is shared.
Annual Dinner
Successes along Memory Lane - 懷舊之夜 - is the theme of this year's annual dinner which will have Secretary for Financial Services and the Treasury, Prof. K.C. Chan, as its guest of honor. The event, to be held on 3 Dec., aims to bring you back to the 70's so join in and wear your party suits from more than three decades ago. +
Labour contract law seminar in Beijing
What are the effects on enterprises in formulating rules, regulations and labour contracts under the new mainland labour contract laws? A draftsman of the law, Prof. Jin Yingjie, talks about the impact at a seminar organized by the Institute's Beijing Office. +
Outlook on mainland economic development
Prof. Ren Ruoen of Beihang University, a former consultant for the OECD, discusses economic development in the mainland amid the recent global financial crisis. +
Insurance premium reduction
Members and member practices with standard risks enjoy a 7.5 percent premium rate reduction for the Institute's professional indemnity insurance master policy for 2008-09. Join the scheme to protect yourself against liability from professional negligence, errors or omissions. Click here for more details.
Corporate governance conference
The conference on corporate governance in the financial sector, organized by the Hong Kong ICAC, the Ministry of Supervision, PRC and the Commission Against Corruption Macao, will be held on 8 Dec. at Conrad Hong Kong. Five and a half CPD hours will be granted for full attendance of the conference. +
 
  Social calendar
Standard Chartered Hong Kong Marathon

Let us show our CPA team spirit at the Standard Chartered Hong Kong Marathon 2009. We look forward to supporting you with training and uniforms. Send in your application with the reply slip via the Institute for the 10km (Run 2 at 6 a.m.). Those who have already submitted for the marathon are welcome to join the training and group photo on the day. Please return the notification form to us for coordination. If you'd like to join the Corporate Challenge team of four to represent your Institute, return the corporate challenge reply slip to us by 12 Nov.
Financial services interest group lunch seminar
To learn more about the CFO's ultimate challenge: smart financial management and risk mitigation in today's global credit crunch environment. Don't miss the luncheon talk on 5 November. +
Last call to Latin dance class - Rumba and Samba
Elementary level of rumba and samba is now open for registration. Don't miss the chance to have fun at the dance class. +
   
Click here to see the at-a-glance calendar for more member activities.
 
 
  Tech update

Handbook update
Members' handbook update no. 54 contains amendments to HKAS 39 Financial Instruments: Recognition and Measurement and HKFRS 7 Financial Instruments: Disclosures - Reclassification of Financial Assets. +

IASB update
IASB has on 24 October issued an update providing details on the effective date and transition of amendments to IAS 39/HKAS 39 on reclassification of financial assets. +

Reclassification of financial assets
Deloitte has published an IAS Plus on Amendments to IAS 39 and IFRS 7 – reclassification of financial assets. +
 
  CPD
China transfer pricing
Don't miss the workshop on 12 Nov. to learn about the latest updates on China transfer pricing, from both legislative and practical perspectives. +
Seminar on financial markets crisis
The seminar on 4 Nov. by Deloitte, explores how to preserve and enhance company value in the current financial market crisis. +
Relevant CPD courses
What's relevant to your professional development? It's a good question when choosing CPD courses on leadership and other non-technical skills. Click here for FAQs.
 
To enrol in CPD programmes, please click here.
 
  Mainland news
中日韓會計準則會議
2008年中日韓會計準則制定機構會議在北京舉行。+
非居民企業徵收所得稅
財政部就非居民企業徵收企業所得稅發出通知。+
 
  International news
Banks "need a rethink" on risks
According to the Bank of England, U.K. banks could face new measures to avoid a repeat of the current credit crisis, BBC News reports. +
U.S. accountants to see pay rise
Accountants in the U.S. will still see their salaries rise, despite the economic downturn and the descent into recession, accountancyAge.com reports. +
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