Important
Notice
  • In light of the recent situation in Hong Kong, please login to the QP Learning Centre to check the noticeboard for the special arrangements for QP Workshops.
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  • In considering the unforeseen circumstances in Hong Kong and safety issues these entail, the Institute has decided to call off the Cross-straits, Hong Kong and Macau Accounting Profession Conference 2019 which was scheduled to be held on 27-28 October 2019 at the Kowloon Shangri-la Hotel. We are closely monitoring and reviewing the situation and any further announcements about rescheduling the Conference will be made in due course.
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Competency

There are three key areas in insolvency work. They are: 

  1. Corporate insolvency
  2. Personal insolvency
  3. Rescue and restructuring
       

    "Competency" applies to all three areas because the underlying principles are regarded as the same and the required competencies are similar except that they are applied in different contexts.

     

    The competency requirements for the specialist designation in insolvency ("SD (Insolvency)") are defined into two categories: technical competencies and generic competencies.

     

    A.

    Technical competencies

     

    Technical competencies are categorized into two areas: 

    • Core competencies – represent those which are crucial to the SD holder.  It is expected that the applicants should demonstrate that they have attained these competencies.
    • Supporting competencies – represent those competencies where only awareness level is required.

     

    Depth of knowledge and skills is defined into three levels:

    Basic level – Having an awareness of the knowledge and skills.  Able to identify potential issues and seek other professional advice.

    Advanced level – Having a reasonable level of knowledge and skills.  Able to apply in straightforward situations.

    Mastery level – Having in-depth knowledge and skillsets.  Able to apply the competency in complicated situations.

     

    Applicants of SD (Insolvency) are required to demonstrate their attainment of all the technical competencies at the required level (mastery, advanced or basic).

     

    B.

    Generic competencies

     

     

    There are five key areas in generic competencies: 

    Attitudes, ethics and values

    Communication and interpersonal skills

    Innovative thinking, reasoning and analysis

    Leadership and project management

    Personal and behavioural

     

    Applicants of SD (Insolvency) are required to demonstrate a reasonable level of competence in all five areas.

      

    Competency assessment (Form SDI-C)

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