Important
Notice

The Hong Kong Institute of Certified Public Accountants announced that from Wednesday 15 July 2020 until further notice, the closure of the library facilities and the adjustment of the services hours of the counter on the 27th floor from 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).


In addition, all face-to-face CPD courses and member events from 15 to 31 July will be cancelled. We will closely monitor the situation to determine whether it is necessary to extend these measures. Arrangements for future events and refunds will be advised in due course.

 

Please click here to view the list of cancelled events.

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Professional standards monitoring

 

The Institute has been operating a programme of professional standards monitoring (PSM programme) since 1988. The PSM programme monitors compliance with professional standards by members engaged in the preparation or audit of financial statements. The objective of the PSM programme is ultimately to enhance the quality of financial reporting and the application of professional standards in Hong Kong.

 

Under the PSM programme, reviews of published financial statements, predominantly of listed companies, are carried out to identify any potential issues relating to the application of professional standards. Correspondence is exchanged with auditors and preparers in respect of the identified matters. Suggestions are given by the Quality Assurance Department to members on how to enhance the quality of the future financial statements.

 

The Professional standards monitoring expert panel was formed in 2009 to provide expert advice to the Institute regarding running the PSM programme.

  

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