Issue no. 235 (18 December 2008)
Dear Members / Member Practices,
 
  Institute news
       
 

New councilPaul F. Winkelmann, partner of PricewaterhouseCoopers, was elected the Institute's new president at a special council meeting on 12 Dec. after the AGM. The new vice presidents are Wilson Fung and Susanna Chiu. Click here for the full council, here for the press release and here to see photos.

  
       
Budget proposals
The Institute's budget proposals call for tax relief during the economic downturn, long-term measures to improve Hong Kong's competitiveness and codification of source of profits. Click here to see the press releases.  
Holiday break for e-circular
The e-circular will be suspended for two weeks starting 22 Dec. due to Christmas and New Year holidays and will resume in the week of 5 Jan.
Audit of licensed corporations seminar
The annual joint seminar with Securities and Futures Commission on PN 820 - the audit of licensed corporations will be held on 20 Jan. from 6:30 p.m. to 8:30 p.m. Click here to book.
PAIB forum

To learn more on surviving in the global financial crisis, don't miss the professional accountants in business forum on
10 Jan. +
Company Ordinance rewrite
Click here for conclusions of the Companies Ordinance rewrite's second public consultation in relation to company names, directors' duties, corporate directorship and registration of charges.
Free mainland information service
Members can enjoy free mainland accounting and taxation advisory service through the Institute's China desk. +
Authorized employer or supervisor
Join the ranks of over 1,000 employers and 1,700 supervisors to attract top-notch candidates to your company. +
Early closing
The Institute and its library will close early at 4 p.m. on 24 Dec. for Christmas Eve and on 31 Dec. for New Year's Eve.
eTAX services
The Commissioner of Inland Revenue has issued a letter telling taxpayers about the benefits of subscribing to the eTAX service. Click for the commissioner's letter.
Asian Financial Forum - 50% discount
More than 1,000 financial executives and business leaders around the world are expected to attend the Asia Financial Forum on 19-20 Jan. organized by the Hong Kong government and Hong Kong Trade Development Council. Members get 50% discount for a group enrolment of five people. Contact Carman Chan at 2584-4297 for details. +
 
  Member services
CPA e-shop
Christmas is just round the corner and it's time to give something special to your business associates and friends. Please click here to shop at the CPA e-shop for special discounts and free delivery.
Basketball
The Institute's team won the 1st runner up in the joint professional basketball competition on 14 Dec. Click here to view photos.
Table tennis
The Institute's team won the 2nd runner up in the joint professional table tennis competition on 14 Dec. +
Click here to see the at-a-glance calendar for more member activities.
   
 
  Tech update

Handbook update

Members' handbook update no. 59 contains HK(IFRIC) – Int. 17 Distributions of Non-cash Assets to Owners. +

Non-cash distribution
Deloitte and KPMG have published IAS Plus and IFRS briefing sheet on new interpretation of non-cash assets distributions.

IASB / FASB round table
KPMG has published IFRS briefing sheet on the IASB and FASB 2008 round table meetings on the global financial crisis. +
 
  CPD
Opportunity with NLP
Stay on top of the financial tidal wave with NLPDrive Crisis, a neuro-linguistic programming model. +
Going global, local or lobal?
Come join the seminar on 21 Jan. to learn how to think like a CEO. +
Doing business in PRC
To learn skills for doing business in the mainland, please click here to enrol in the seminar on 7 Jan.
 
To enrol in other CPD programmes, please click here.
 
  Mainland news
會計資訊化委員會
財政部就關於成立會計資訊化委員會發出通知。+
中港國際服務貿易洽談會
中注協承辦第二屆中國（香港）國際服務貿易洽談會會計服務分論壇。+
 
  International news
Setting standards in public interest
IFAC has released a policy position paper to outline international standard setting processes and explains how responsibilities are shared between public and private sectors to produce high quality standards that are in the public interest. +
EU formalizes waiver to include Chinese Accounting Standards
EU has formalized a waiver enabling companies to file financial statements in European markets using Chinese Accounting Standards, without reconciliation with IFRS, AccountancyAge.com reports. +
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