Prospective CPA e-newsletter

	Practical experience: views from the ground
	Examination matters
	Route to success with QP
	Practical experience
	As time goes by
	For your information
	Upcoming events

Authorized employer:

W.M. Sum & Company

Member-in-charge:

Mr. Tang Yuen Lok, partner

Registered as an AE:

3.5 years

No. of QP students under supervision:

"A professional qualification is indispensable as it gives people confidence in your competence," Mr. Tang Yuen Lok, partner of W.M. Sum & Company says. Tang notes that it is a competitive advantage that young CPAs can leverage the transferable skills learned from QP, the best training for professional accountants.

"I am always delighted to see QP students passing the examinations and coming out as brighter professionals." Tang is pleased to see discussion questions of QP workshops and examinations are based on local cases. This will enable students to gain real life business practice and to help them understand the subject matter more thoroughly. Tang points out that there is a visible difference between QP graduates and others. "They tend to be more positive and assertive," he says. Tang believes that QP has helped his colleagues to reach higher goals along the career ladder and has also enriched the firm with better quality task force. These are certainly the core reasons behind QP’s popularity both locally and overseas. Click here for details.

QP module results for May 2008 session

	Workshop		Module examination		Overall pass rates*
Module	No. of candidates	Pass rate	No. of candidates	Pass rate	Overall pass rates*
B (financial management)	1,794	97%	2,400	65%	67%
D (taxation)	1,737	97%	2,576	53%	60%

*Overall pass rate refers to pass in both the workshop assessment and the module examination.

The examination panelists' reports are now available at the QP learning support centre.

Top QP students for the May 2008 session

	Module B (financial management) Top prize winner Li Pui In obtained her bachelor of business administration in professional accountancy from the Chinese University of Hong Kong in 2008. She is now a tax associate at PricewaterhouseCoopers.

	Module D (taxation) Top prize winner Lo Ping Shun obtained his bachelor of business administration in professional accounting from the Hong Kong University of Science and Technology in 2008. He is now an advisory associate at PricewaterhouseCoopers.

Name:

Soony Tang

Job Title:

Analyst

Company:

Kroll

Click here to see Soony’s career profile:

- career and study history

- job involvement

- career achievement

- career progression

Authorized employer enhancement programme

The Institute has launched the authorized employer enhancement programme in 2008. It aims to improve the Institute's communications with the authorized employers and to support them in providing structured training to the registered students they employed. Click here for more details.

Students should note that it is your responsibility to complete your practical experience training records and keep supporting evidence. You are reminded to submit your training records to your counselor of an Institute-authorized employer or your authorized supervisor for review and sign-off at least once a year.

Authorized employer or supervisor experience for membership admission

For admission to membership of the Institute, practical experience acquired on or after 1 January 2005 will only be counted if it is gained under an Institute-authorized employer or supervisor.

If you are not working under an authorized employer or supervisor, please urge your employer or supervisor to apply for registration as an authorized employer or authorized supervisor with the Institute, so that your practical experience can be accepted for membership admission. Click here for more information.

List of authorized employers and supervisors

The Institute has recently approved three applications for registration as authorized employers and 14 applications for authorized supervisors. Please click here for the list of newly registered employers or supervisors.

A list of all authorized employers and authorized supervisors can be found on the Institute's homepage.

For enquiries about practical experience, please contact our admission department on 2287 7047 or 2287 7353.

The decisions you make in the first few years after qualification will shape the rest of your career. Those who make the right choices in their 20s can really give their career a flying start and crucially, begin to create some space between themselves and the competition. Liz Fisher, a freelance journalist specialising in accountancy and business issues, gives you tips on successful career planning. Click here for the full article.

This article was first published in the Accountancy magazine (March 2008) of the Institute of Chartered Accountants in England and Wales and is reproduced with the kind permission of Accountancy magazine – the official journal of the ICAEW. The Accountancy magazine's website is: www.accountancymagazine.com

Annual report

The 2008 full annual report has been published and you can download it from the web. The report shows how our equestrian and accounting traditions have played a role in Hong Kong's social and economic development.