spacer
search icon cross white
spacer bookmark cross
search icon
Search Tags

  Total: Bookmarks

 Bookmark(s) Click icon to add bookmark(s) to my profile

  •  Local Bookmark is Empty

 User Profile Bookmark(s)

  •  Profile is Empty
MENU
spacer
bookmark cross white
A
search icon cross white
search icon
Search Tags

  Total: Bookmarks

Click icon to add bookmark(s) to my profile

 Bookmark(s)

 User Profile Bookmark(s)

close

Forgot password / username Re-send activiation email Register an account

Practising Certificate Examinations

1.   Purpose

2.   The candidate

3.   Exemption

4.   The examination

5.   Examination assistance materials

6.   Examination support

7.   Examination results and script review report service

8.   Fees

9.   Submission of registration and entry form

10. Change of correspondence address
11. Retention of examination-related materials 

12. Enquiries

 

Enrolment details

The enrolment deadlines, examination and result release dates are as follows: 

Examination session
Enrolment period Examination dates
(14:30 - 17:30)

Result release date
(tentative)
PC-Law PC-Business Assurance PC-Taxation
June 2019 1 February -
29 March 2019
(closed)
4 June 2019  27 June 2019 28 June 2019 22 August 2019
December 2019  5 August - 
30 September 2019 
3 December 2019 27 December 2019  28 December 2019 25 February 2020

1.    Purpose
  1.1 Pursuant to the provisions of the Professional Accountants Ordinance, the Council of the Hong Kong Institute of Certified Public Accountants (“the Institute”) rules that an applicant for the issue of a practising certificate (“PC”) is required to satisfy the examination requirement through completing the PC Examinations.
     
2.    The candidate
  The following persons are eligible to sit the PC Examinations:

2.1

Member category

 

2.1.1

Current members of the Institute (please refer to note 3 for exemption details)

       

 

2.1.2

Graduates of the HKSA/ACCA Joint Examination Scheme (“the Joint Scheme”) under Hong Kong law variant (please refer to note 3.7 for exemption details).

       

2.2

Non-member category

 

2.2.1

Full members of an accepted accountancy institute as listed below who joined the institute by sitting and passing its professional examination for membership and not by virtue of any reciprocal/mutual recognition arrangement between that institute and another body: 

 

 

  • Association of Chartered Certified Accountants ("ACCA")
  • Chartered Accountants Ireland
  • Chartered Accountants Australia and New Zealand
  • Chartered Institute of Management Accountants ("CIMA")
  • Chartered Professional Accountants Canada ("CPA Canada")
  • Chinese Institute of Certified Public Accountants ("CICPA")
  • CPA Australia
  • Institute of Chartered Accountants in England & Wales
  • Institute of Chartered Accountants of Scotland
  • Institute of Chartered Accountants of Zimbabwe
  • South African Institute of Chartered Accountants
       

 

2.2.2

U.S. CPA (Designation granted by relevant U.S. State Board of Accountancy).

       

 

2.2.3

Graduates of the Joint Scheme under non-Hong Kong law variant (please refer to note 3.7 for exemption details).

       

 

2.2.4

The Institute registered students of the QP under conditional enrolment (“the Institute registered students”).

       

 

2.2.5

Prospective QP applicants with special permission from the Institute for taking the PC Examinations (“prospective QP applicants”).

       
3.    Exemption
  3.1  Current members who have successfully completed the Institute's Qualification Programme ("QP"), which comprises 4 modules of the professional programme and a final examination, are exempt from taking the PC Examinations.  However, they are required to sit and pass the Aptitude Test on Hong Kong Law for PC issuance purposes if they fit the following categories:
    3.1.1 With effect from 1 January 2008, QP graduates with overseas accountancy degree who wish to apply for a PC are required to sit and pass the Aptitude Test on Hong Kong Law if they have not taken Hong Kong law subject(s) at an accredited university degree programme or in an accredited Conversion Programme of the Institute.  This requirement is applicable to those who register as QP students on or after 1 January 2008.
       
    3.1.2 With effect from the 2008/2009 academic year, the following QP graduates who wish to apply for a PC are required to sit and pass the Aptitude Test on Hong Kong Law in order to fulfill the competency requirement in local law:
     
  • Students of accredited accountancy degree programmes of the Institute who have studied the law subject(s) in exchange programmes at non-Hong Kong tertiary institutions; or
  • Non-Hong Kong degree holders who are exempted from the local law subject(s) in the accredited Conversion Programmes of the Institute.
       
  3.2 Persons admitted as a certified public accountant of the Institute by virtue of their membership with the following accountancy institutes and who have sat and passed the audit papers in the professional examinations of their parent institute are exempted from the PC-Business Assurance paper and are required to sit and pass the PC-Law and PC-Taxation papers for PC issuance purposes:
    (a) Association of Chartered Certified Accountants (“ACCA”)
     
  • Admitted to ACCA before 1 January 2002.
  • Admitted to ACCA on or after 1 January 2002; and completed ACCA examination at or before its June 2001 diet.
  • Admitted to ACCA on or after 1 January 2002; and have sat and passed Paper 3.1 – Audit and Assurance Services under the ACCA Syllabus offered during December 2001 and June 2007 diet.
  • Admitted to ACCA on or after 1 January 2002; and have sat and passed Paper P7 – Advanced Audit and Assurance under the new ACCA Syllabus effective from the December 2007 diet. 
    (b)

Association of International Accountants ("AIA")

  • Completed AIA examinations in June 1991 or thereafter; and have sat and passed or been exempted from Paper 5 – Auditing and Taxation; and have sat and passed or been exempted from Paper 7 – Auditing AND have sat and passed Paper 15 – Professional Practice in AIA examinations.
    (c)

Chartered Professional Accountants Canada ("CPA Canada")

  • Completed the CPA Professional Education Program ("CPA PEP") and have sat and passed the Assurance elective paper of CPA PEP.
  • Completed the legacy Canadian Chartered Accountants (CA) program and have sat and passed the Assurance paper of the CA Program.
    (d) CPA Australia
    (e)  Chartered Accountants Australia and New Zealand
    (f)
Chartered Accountants Ireland
    (g)
Institute of Chartered Accountants in England & Wales
    (h)
Institute of Chartered Accountants of Scotland
    (i)
Institute of Chartered Accountants of Zimbabwe
    (j)
South African Institute of Chartered Accountants
    (k)
U.S. CPA (Designation granted by relevant U.S. State Board of Accountancy)
       
  3.3 Full members of CIMA who have sat and passed the following parts of the Institute’s QP under the MEPE Agreement between the Institute and CIMA that expired on 30 June 2011 are exempted from the PC-Business Assurance paper and are required to sit and pass the PC-Law and PC-Taxation papers for PC issuance purposes:
    (i) both the workshop and examination of Module C (Business Assurance); and
    (ii)  the examination of Module A (Financial Reporting); and
    (iii)  the final examination.
       
  3.4 Full members of CIMA who have sat and passed the following parts of the Institute's QP under the 2013 or 2019 MEPE agreement between the Institute and CIMA are exempted from the PC-Business Assurance and PC-Taxation papers and are required to sit and pass the PC-Law paper for PC issuance purposes:
    (i)
both the workshop and examination of Module C (Business Assurance) and Module D (Taxation); and
    (ii)
the final examination.
       
  3.5 CICPA members who qualified as a certified public accountant of the Institute under the MEPE Agreement for Mainland and Hong Kong Accountants and fulfilled the following criteria are exempted from the PC-Business Assurance and PC-Taxation papers and are required to sit and pass the PC-Law paper for PC issuance purposes:
    (i)
have sat and passed both the workshop and examination of Module D (Taxation); and
    (ii)
the final examination; and
    (iii)
have sat and passed the auditing paper in the PRC CPA Uniform Examination of CICPA
       
  3.6 CICPA members who qualified as a certified public accountant of the Institute under the MEPE Agreement for Mainland and Hong Kong Accountants and fulfilled the following criteria are exempted from PC-Taxation paper and are required to sit and pass the PC-Business Assurance and PC-Law papers for PC issuance purposes:
    (i)  have sat and passed the workshop and examination of Module D (Taxation); and
    (ii)
the final examination; and
    (iii)
have NOT sat and passed the auditing paper in the PRC CPA Uniform Examination of CICPA
       
  3.7 Graduates or former students of the Joint Scheme may transfer their results obtained in the examination paper(s) specified in Appendix I.
     
  3.8

From June 2011 session onwards, those who have sat and passed Module C (Business Assurance) and/ or Module D (Taxation) are exempted from the PC-Business Assurance/ PC-Taxation papers respectively for PC issuance purposes.

     
4.    The examination
  4.1  Acceptance of an entry to the PC Examinations from an applicant does not imply that the applicant is qualified for the Institute membership and/or issuance of a PC, where applicable.  The Institute membership/ PC applicants must satisfy the examination and other admission/ issuance requirements prevailing at the time of the Institute Registration and Practising Committee’s consideration of their relevant applications.  Please visit the Institute's homepage for the latest membership and PC issuance requirements.
     
  4.2 Candidates who are required to sit more than one paper may choose to sit all papers OR just one paper at each session.  The Council rules that paper-by-paper passes are allowed and that there is no time limit restricting the validity of such passes.
     
  4.3 Syllabuses for the respective PC papers are as follows:
PC papers Syllabus

PC-Law

Independent syllabus

PC-Business Assurance

Syllabus adopts that of Module C:

Business Assurance of the Institute’s QP

PC-Taxation

Syllabus adopts that of Module D:

Taxation of the Institute’s QP

     
  4.4

The examination for each PC paper lasts for 3 hours in an open-book format.  All answers must be presented in English.  Each PC paper is divided into two sections and the marks allocation are as follows:

Case 50
Essay/ short questions 50
     
  4.5 In an open-book examination, candidates are permitted to take into the examination centre your own notes, reference books and stationery (including but not limited to noiseless and cordless programmable calculators).  Computers and electronic dictionaries of any size or models are not allowed.  All permitted items must not be equipped with communication function.
     
  4.6 The Hong Kong Examinations and Assessment Authority ("HKEAA") will issue the Examination Attendance Docket containing details of the examination centre and other examination regulations and guidelines to candidates by ordinary post about two weeks prior to the examination.  Candidates are required to produce the Docket for admission to the examination centre.  Candidates should notify the Institute by phone to (852)2287-7396 immediately if they have not received the Docket one week prior to the examination.   Last minute request for the Docket will not be processed.
     
  4.7 Candidates should carefully read the Examination Regulations in the Examination Attendance Docket prior to sitting the examinations.  Failure to follow any of these regulations may result in marks penalty or even disqualification from the entire examination.  All violations of the examination regulations will be duly considered by the Qualification and Examinations Board.  Effective from December 2014, for candidates who have violated any minor and straightforward examination regulation for the first time, their script booklets will be marked and processed as normal.  However, a letter will be sent to warn the offenders that the incident will be recorded in their candidate files and any repeated offences in future would attract penal actions including marks penalty.  For candidates who have violated the same examination regulation for the second time, two marks will be deducted from the candidates' results of the relevant paper.  For candidates who have violated the same examination regulation for the third time or more, a stricter penalty of five marks deduction will apply.
     
  4.8

NO overseas examination centre is provided.  Candidates are required to take the PC Examinations in Hong Kong.  The examination is tentatively scheduled to be held in Asia World-Expo, Hong Kong International Airport.  Candidates should refer to the Examination Attendance Docket issued by the HKEAA for the assigned examination venue.

     
  4.9 If weather conditions are doubtful (such as the possible hoisting of Tropical Cyclone Warning Signal No. 8 or the issue of the Red / Black Rainstorm Signal), candidates should pay attention to the radio / television broadcast, or view the HKEAA / the Institute website for the examination schedules before they leave for the examination centre.  For more details on the bad weather arrangements, please refer to the information leaflet which will also be posted to candidates together with their Dockets.
     
5.    Examination assistance materials
  5.1

Candidates taking PC-Business Assurance and PC-Taxation papers may purchase the relevant Learning Pack (“LP”) produced for QP Module C (Business Assurance) and Module D (Taxation) respectively from the Institute to help them prepare for the examinations.  The LP is updated on a bi-annual basis with a new edition published in September.  The latest version will normally be available for sale at the Institute’s service counter around three months prior to the examinations.

 

An online Supplement is available one year from the publication of the learning pack to highlight the latest developments including updates on legislations and the Institute's pronouncements in accordance with the cut-off policy for examinable standards and legislations.  Candidates should refer to here if a Supplement is applicable to the session they have enrolled. 

     
  5.2 For PC-Law, candidates may refer to the Reference List attached to the PC-Law syllabus.
     
  5.3 Past examination papers are available for sale at the Institute’s service counter. Candidates under member category can also access the PC Online Resources Centre (“ORC”) to download past examination papers and/or to view webcasted videos/audio archives on examination support upon acceptance of the examination enrolment by the Institute.
Category  Fees
Member
Past examination paper
Access to Online Resources Centre for
  • Past papers
  • Audio archives

HK$45 / paper

Free
Free
Non-member
Past examination paper
Access to Online Resources Centre
(not accessible to non-members)
 
HK$90 / paper
N/A
     
  5.4

Access right to the ORC is valid until the examination date of the subscribed examination session.

     
6.    Examination support
  6.1

Candidates taking the PC-Business Assurance and PC-Taxation papers can also attend the Module Preparation Seminars and Examination Techniques Seminars on Module C (Business Assurance) and Module D (Taxation) of the Institute’s QP for the preparation of the examinations.  For enquiries, please contact the Institute at (852)2287-7283.

     
7.    Examination results and script review report service
  7.1 Candidates will be graded as "Pass", "Fail" or "Absent".
     
  7.2 A candidate will be graded as "ABSENT" if he / she does not show up at the specified time, date and place for the intended event.  A candidate will be graded "PASS" if his / her aggregated marks is equal or higher than the minimum passing mark, otherwise the candidate will be graded "FAIL".  The minimum passing mark reflects the difficulty of the examinations and the demonstrated competence of candidates under a series of systematic processes.  It ensures fair treatment of all candidates while reflecting the knowledge and skills needed. It also takes care of the consistency over time and continuity in results while allowing flexibility in diverse and rapidly evolving circumstance.  The Qualification and Examinations Board will approve the overall results after considering all available information relevant to these factors.
     
  7.3 Examination results will generally be sent by ordinary post on the date mentioned above.  Current members or graduates of the Institute can check their examination results on-line by accessing the Members’ area in the Institute’s homepage on the examination result release date.
     
  7.4 Script review report service is available to unsuccessful candidates for the PC paper(s) examined during an examination session at a charge. Please note that this is NOT a re-marking service but candidates requesting such service will receive a review report and a Q&A booklet for the paper reviewed.
     
8.    Fees   
  8.1 Enrolment fees will be charged according to the status of the candidate as at the closing date of application: 
Category Fees
Member

Registration Fee (for 1st time applicants only)

Paper Entry Fee


HK$1,600
HK$1,600 / paper
Non-member

Registration Fee (for 1st time applicants only)

Paper Entry Fee


HK$3,200
HK$3,200 / paper
     
  8.2 For candidates who have previously paid the initial registration fee and are making further attempts, they are only required to pay the paper entry fee for the paper to be attempted.
     
  8.3 Payment by cheque should be made payable to "Hong Kong Institute of Certified Public Accountants" or "the Institute".
     
  8.4 Payment by credit card should be made by completing and submitting the Credit Card Authorization Form.
     
  8.5 Fee(s) paid are NOT refundable and NOT deferrable.
     

8.6 All examination entries must be received by the Institute on or before the Enrolment Deadline. 
     
  8.7 The enrolment deadline will be strictly adhered to and late application is PROHIBITED.
     
 9.   Submission of registration and entry Form
  9.1 Registration and entry form and all supporting documents (part IX of the registration and entry form) should be submitted to the Institute by email (students.reg@hkicpa.org.hk) or post to the following address on or before the enrolment deadline.
 

 

Hong Kong Institute of CPAs
27th Floor, Wu Chung House,

213 Queen's Road East,

Wan Chai, Hong Kong

 

Failure to submit the required documents may result in delay in the enrolment process.

     
  9.2 

All examination entries will be processed after the enrolment deadline and acceptance email will be sent to the successful candidates FOUR WEEKS AFTER the enrolment deadline.

     
10.  Change of correspondence address
  10.1 Your contact details as indicated in your submitted registration and entry form for the PC Examinations will be used for the purpose of the PC Examinations only (confirmation of enrolment and release of examination results).  Please note that the contact details provided in the registration and entry form will NOT be updated to your membership or student records.  If you wish to update your membership or student records, please contact the Admission Department or Student Admission Team separately.
     
  10.2 Any change in contact details or correspondence address for the purpose of the PC Examinations after submission of the Registration and Entry Form should be notified to the Institute in WRITING by email: students.reg@hkicpa.org.hk or by post to Education and Training Department – Student Admission Team, 27th Floor, Wu Chung House, 213 Queen's Road East, Wan Chai, Hong Kong.
     
11. Retention of examination-related materials 
  11.1

Examination answer scripts and materials used for the purposes of examination marking and results processing will be retained for six months after examination results release and destroyed thereafter, subject to circumstances which may necessitate longer retention period.

     
12.  Enquiries
  12.1 For enquiries, please contact the Education and Training Department of the Institute via email: students.reg@hkicpa.org.hk or telephone: (852)2287-7228.
     
Disclaimer:
The Institute shall not be responsible for any non-performance of duties caused by adverse weather, an act of God, labour strike, natural disaster, governmental action or intervention, riot, or any other cause not reasonably foreseeable or beyond the reasonable control of the Institute.
gotop