Insolvency

The Hong Kong Institute of CPAs organizes three insolvency training courses to assist in the professional development of those who are working in or intend to pursue a career in insolvency practice. The most comprehensive and intensive of these is the Professional Diploma in Insolvency programme (formerly known as the “Diploma in Insolvency”), the Institute's Specialist Qualification. In addition, there are the Preparatory I and Preparatory II courses which form an introduction leading to the Diploma programme.

Professional Diploma in Insolvency programme

The Professional Diploma in Insolvency programme consists of 56 contact hours, comprising Module A (28 hours) and
Module B (28 hours). It is not mandatory, however, participants are recommended to complete Module A before attempting
Module B.

Module A - Liquidation and Personal Insolvency

• Liquidation (18.5 hours)
• Personal Insolvency (including Individual Voluntary Arrangements) (9.5 hours)

Module B - Corporate Rescue & Restructuring and Cross-Border Insolvency

• Corporate Rescue & Restructuring (14 hours)
• Cross-Border Insolvency (14 hours)

The programme will provide participants with an in-depth and integrated study of the different aspects of insolvency administration, with particular emphasis on the practical issues relating to these areas and the primary principles that underpin them. All preparatory and contact hours will qualify as verifiable CPD hours.

Pathway to the Diploma programme:

The Official Receiver's Office (ORO) recognizes a pass in the Diploma programme as contributing to 50 hours of insolvency work under the ORO's various schemes for contracting out insolvency cases.

This programme has been accredited by the Law Society of Hong Kong. A maximum of 15 CPD points can be claimed per year, i.e. from 1 November to 31 October of the following year, from attending the programme.

Applicants have to meet certain requirements in order to be admitted to the programme. To find out more about the Professional Diploma in Insolvency, please click here for the flyer and timetable of the full programme or individual modules.

Learning Support Centre (for current enrolled candidates only)

Insolvency Preparatory I

Insolvency Preparatory I is designed for those intending to pursue their career in the field of insolvency or related areas. It focuses on building broad knowledge and understanding of the basic principles of insolvency administration. 15 verifiable CPD hours are granted to participants on successful completion of the course.

To find out more about the Insolvency Preparatory I course, please click here for the flyer to the course (next offer in October/November 2024, tentatively).

Insolvency Preparatory II

Insolvency Preparatory II is designed for those who are employed in the field of insolvency or related areas and have attained at least 18 months of such experience; or those who have successfully completed the Insolvency Preparatory I course.

The Insolvency Preparatory II is aimed at providing participants with a more in-depth and integrated study of the financial, management, legal and accounting aspects of insolvency administration with specific emphasis on the practical issues relating to these areas. 15 verifiable CPD hours are granted to participants on successful completion of the course.

To find out more about the Insolvency Preparatory II course, please click here for the course flyer (next offer in May/June 2024, tentatively).

Publications on Insolvency

Hong Kong personal insolvency manual (3rd Edition); publication year: 2023

Hong Kong corporate insolvency manual (4th Edition); publication year: 2018

Special offers are available to members of HKICPA and the Restructuring and Insolvency Faculty. Click here to learn more details on the order form.   

Enquiries

Tel: 2287 7098 / e-mail: sq.insolvency@hkicpa.org.hk