News

Issue no. 236 (9 January 2009)

Dear Members / Member Practices,

Institute news

Changes to practising certificate regimeThe Institute started a consultation with members on 6 Jan. about tightening the regulation of the auditing profession. A press briefing was held the following day to talk about how the proposals would protect the public interest by ensuring auditors have up-to-date technical knowledge and comply with quality control requirements. Nearly all major media covered the briefing. Click here for the coverage summary.

Insolvency courses relaunched

Insolvency preparatory I and preparatory II courses start again in March and June respectively. These courses emphasize practical issues and will add value to your career during the financial downturn. The Institute also plans to reintroduce the insolvency diploma starting in this September.

Board of review nominations

The Inland Revenue's board of review is inviting nominations for new members. Please forward your nominations by 16 Jan. to the Institute's Elena Chai. +

Subscribe to mainland publications

Subscription to the Chinese Certified Public Accountant for 2009, China Standards on Auditing, Review, Other Assurance, Related Services & Quality Control (English version) and the accounting yearbook of China 2008 are now open until 23 Jan. +

Financial sector governance

Click here for speeches of the conference on "corporate governance in the financial sector" organized by the Hong Kong ICAC, PRC Ministry of Supervision and Macau's Commission Against Corruption on 8-10 Dec. The Institute was a supporting partner for the conference.

PC exam revision course

Practising certificate revision courses starting in Feb. will prepare you for the PC exam on law and tax planning in May. +

CFIG forum on new listing rules

To learn more on the listing rule amendments, don't miss the corporate finance interest group’s forum on 19 Jan. +

Authorized employer or supervisor

Join the rank of over 1,100 authorized employers and 1,700 supervisors to train budding CPAs in Hong Kong and attract top-notch candidates to your organizations. +

Laisee for the Chest

Share festive happiness by donating your laisee to the Community Chest. Your support will help improve the livelihoods of the visually and hearing impaired. +

Member services

Book discount

CCH HK is offering 20% discount for Financial Reporting in Hong Kong. +

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

	International news

Fair value's savior

The Securities and Exchange Commission has decided not to suspend mark-to-market accounting — against the wishes of many banking lobbyists. But the debate over how to measure financial assets and liabilities is far from over, CFO.com reports. +

Tech update

IFRS guide

Members enjoy a discount for A Guide through International Financial Reporting Standards, a handy reference source published by IASB. +

Year-end statements preparation

	PwC has published HKFRS News on HKFRSs applicable for 2009 and roadmap IFRS - US GAAP. +

Deloitte has published IAS Plus on the new and revised standards and interpretations effective for Dec. 08 and later accounting periods. +

Taxability of financial instruments

Ernst & Young has published Hong Kong Tax Alert to discuss whether gains or losses derived from financial derivatives and structured investment products are taxable or deductible. +

Click the tab above for the new issue of TechWatch.

CPD

Seminar for NLP

This is the last call to enrol in the seminar on 14 Jan. to develop your business and communication skills using neuro-linguistic programming. +

Work smart

To learn skills for achieving greater effectiveness at work, join the workshop on 7 Feb.

E-learning

Members enjoy a 10% discount for e-learning courses on Chinese business law by the Open University. +

Click the tab above for the new issue of CPD Online. To enrol in CPD programmes, please click here.

New IFAC education head

IFAC has appointed Prof. Mark Allison as chair of the International Accounting Education Standards Board, an independent standard-setting body under IFAC. +


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