News

Issue no. 230 (14 November 2008)

Dear Members / Member Practices,

Institute news

AGM and council electionsThe 36th annual general meeting is taking place on 12 Dec. (Friday) during which new council members will be elected. You should have already received the notice early this week together with the nomination form for elections. Deadline for returning the form is 5:30 p.m., 18 Nov. Click here to get these documents online.

Summary report - accounting and horses

This year's annual report shows how our equestrian and accounting traditions have played a role in Hong Kong's social and economic development. It is a slight bow to our role as the host to the Beijing Olympics equestrian events. The summary financial report has been mailed to you early this week and the full report will be published later. Click here for the summary report.

Annual dinner

"Successes along Memory Lane – 懷舊之夜" is the theme of this year's annual dinner on 3 Dec. Dress to the 70s and support the Institute's flagship event. +

Global financial crises forum

Professor Wong Koon Yuet (王冠一教授) will speak about the global financial crises at the evening talk cum networking cocktail on 27 Nov. co-organized by corporate finance interest group and professional accountants in business committee. +

eTax forum

Taxation interest group is organizing a forum on 25 Nov. to discuss and demonstrate IRD's eTax system.+

Quality assurance forums

Last call to register for the quality assurance forums on 27 Nov. and 11 Dec. to learn about practice review, professional standards monitoring, and challenges in compliance. +

Other events

	Join the ranks of over 1,000 authorized employers and 1,700 supervisors to attract top-notch QP candidates to your company. +

	You are invited to join an investment seminar organized by Hong Kong Economic Times and ET Business College on 3 Dec. +

Member services

Tenpin bowling

Click photo to enlarge

The Institute's team came fourth in the joint professional tenpin bowling competition on 2 Nov.

	International news

Tweedie nearly quit after fair value change

Sir David Tweedie says he had thought about stepping down from his position as the head of the IASB after effectively being forced to allow the reclassification of hard-to value financial assets, AccountancyAge.com reports. +

Performance measure study

IFAC's Professional Accountants in Business Committee has conducted a survey to obtain information about the development of financial and non-financial performance measurement and reporting structures in various public sector entities around the world. +

Tech update

Handbook update

Members' handbook update no. 55 contains improvements to HKFRS and amendments to HKFRS 1 and HKAS 27 - Cost of an Investment in a Subsidiary, Jointly Controlled Entity or Associate. +

Fair value measurement

IASB Expert Advisory Panel has issued a report on fair value measurement when markets become inactive. A staff summary on the same topic is also published.

Reclassification of financial assets

Ernst & Young has published two sets (part 1 and part 2) of "supplement to IFRS outlook" on amendments to IAS 39 and IFRS 7 – reclassification of financial assets.

Operating segments

PwC has published HKFRS News on Operating Segments. +

CPD

Financial crisis impact

Join the discussion on the global financial crisis's impact on business financials on 1 Dec. +

Seminar on PRC tax

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

Beijing information session

Members working in mainland are welcome to join the briefing session for CPD requirements on 24 Nov. in Beijing. +

CPD tips - verifiable hours

Overseas and busy members can claim verifiable CPD hours by attending learning activities outside the classroom, such as through e-manager and e-seminar. New series of e-manager programmes are available now. Click here to enrol.

To enrol in CPD programmes, please click here.


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