News

Issue no. 229 (6 November 2008)

Dear Members / Member Practices,

Institute news

2009 membership renewalYour 2009 membership renewal package is on its way to you by email and post in mid-November. To renew your membership, all you need to do is pay your annual subscription and submit your CPD declaration on or before 15 Dec. There will be no increase in subscription fees for 2009 and please refer to the coming package for details.

Institute to present disclosure awards

The standards of the entries for this year's Best Corporate Governance Disclosure Awards are very high, according to the judges. Come meet the winners, judges and reviewers at the presentation luncheon on 21 Nov. at JW Marriott. +

Beijing cocktail reception

The Institute's council will be hosting a cocktail reception in Beijing for members on 24 Nov. If you are stationed in Beijing or happen to be travelling there, we welcome you to the reception. +

IT conference

Professional accountants need to know the digital future and how state-of-the-art IT systems can boost your productivity and improve your work. Enrol in the conference on 22 Nov. +

Cross-straits, Hong Kong and Macau conference

A 24-member delegation, led by the president, attended the above event in Taipei on 31 Oct. - 2 Nov. Over 460 participants from the mainland, Taiwan, Hong Kong and Macau discussed corporate social responsibility and information disclosure of listed companies.

Click photo to see more

Library electronic resources

The Institute's library is offering you online full-text access to more than 300 accounting and tax journals, and e-resources on tax and financial reporting in China and Hong Kong. +

	International news

OECD drives corporate governance campaign

OECD has called for a new drive to raise corporate governance standards in a bid to rebuild investor confidence and help the world's economy get back on track. +

No quick fix of fair value urged

In the U.S., The National Association of State Boards of Accountancy strongly encouraged the SEC to withstand the temptation of a quick fix to fair value accounting, stating that the fair value issue requires careful analysis, comprehensive vetting by appropriate parties and full transparency. +

New rules for credit raters

U.S. securities regulators are expected to address new conflicts-of-interest and disclosure rules for credit rating agencies within a few weeks, Reuters.com reports. +

Tech update

Reclassification of financial assets

The Institute has published Q&As on reclassification of financial assets for general guidance. +

Comments on international papers

The Institute has commented on the following discussion papers and exposure draft:

	IASC Foundation's discussion document on Review of the Constitution: Public Accountability and the Composition of the IASB – Proposals for Change. +

	IASB's discussion paper on Preliminary Views on an improved Conceptual Framework for Financial Reporting: The Reporting Entity. +

IESBA's exposure draft of proposed revised Code of Ethics for Professional Accountants – bringing more clarity to the code. +

TechWatch 73

The latest TechWatch has been published. Click the tab above for details.

CPD

GAA CPD recognized

CPD compliance requirements of eight Global Accounting Alliance institutes are now recognized. +

Seminar on PRC tax

The seminar on 20 Nov. introduces the new PRC tax development in the processing industry. +

CPD Online

Check out the new CPD online (above) for new courses offered in November and December.

To enrol in CPD programmes, please click here.


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