Important
Notice

Member services

 

The Hong Kong Institute of Certified Public Accountants announced the re-implementation of its precautionary measures, from Wednesday 25 March 2020 onwards until further notice, to close library facilities and to adjust the services hours of counter on the 27th floor to 11:00 a.m. to 3:00 p.m. from Monday to Friday, whilst counter services hours on Saturday remains unchanged (from 9:00 a.m. to 12:00 noon).

 

CPD and sports and recreation events

 

Face-to-face CPD events will be replaced by webinars. Sports and recreation activities will be cancelled.  Participants will receive further information via email.

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Continuing professional development (CPD) requirements

Members of the Institute are required to comply with the CPD requirements set out in Statement 1.500 (October 2019). Holders of the specialist designation in insolvency ("SD (Insolvency)") are required to comply with one additional CPD requirement as also set out in Statement 1.500 (October 2019).  This additional requirement is that they need to undertake, as part of the total CPD requirements as a member (60 verifiable hours in each rolling three-year period), at least five verifiable CPD hours relating to insolvency for each CPD reporting year.

 

Compliance with the CPD requirement for the SD (Insolvency) is one of the conditions for renewal of registration as an SD (Insolvency) holder.  All holders of the SD (Insolvency) are required to complete their annual CPD declaration for the CPD period ended on 30 November each year for renewal of registration as a CPA. This substantiates that they have complied with the additional CPD requirement for renewal as an SD (Insolvency) holder.

 

Holders of the SD (Insolvency) who fulfil the Institute's CPD requirements for CPAs by fulfilling another GAA institute's CPD requirements are still required to undertake at least five verifiable CPD hours relating to insolvency for each CPD reporting year in order to satisfy the CPD requirement for SD (Insolvency) holders.

 

Generally, in order to serve the public interest, no exemption from CPD compliance will be granted to SD (Insolvency) holders.

 

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