CPA in focus

High-speed growth


Andrew Wong, financial controller of Hong Kong Broadband Network Limited, says being the Institute's authorized employer helps his company attract the right candidates in a competitive job market. He finds QP students have solid technical knowledge and mindset that allows them to cope with changes and meet new challenges.

Krystal Yuen, accounting assistant of Hong Kong Broadband Network Limited, says QP is a reputable accountancy qualification which is well-recognized by employers. She benefits a lot from QP training and finds its knowledge directly relevant to her job.

Tech source
Professional scepticism: its implications on audits of financial statements

Professional scepticism, which should never be a new term to any accounting student, is often perceived as the cornerstone of audit quality. The 2015 Quality Assurance Report published by the Hong Kong Institute of Certified Public Accountants highlighted a number of deficiencies in practice which hindered audit effectiveness. One of them is the auditorsˇ¦ failure in maintaining an appropriate attitude of professional scepticism. In this article, Mr. Eric Y. W. Leung, discusses the definition of professional scepticism and its underlying implications on the audit of financial statements.

 

Implementing HKFRS 9's new impairment model


The Hong Kong Institute of CPAs' standard setting department highlights a key aspect of the new impairment model of the new HKFRS 9 Financial Instrument, which applies to any entity with receivables (regardless of whether it is trade receivables from debtors or loan receivables from borrowers). HKFRS 9 is the equivalent of IFRS 9 (of the same title) issued by the International Accounting Standards Board. An overview of implementation challenges faced by banks and other corporate entities was reported in the May 2015 issue of A-Plus.

 

Student matters

Studentship renewal

bullet Collection of QP graduation certificates
   
   
Event spotlight

Career Forum 2016

The Career Forum was held successfully on 2 October 2016 at Cyberport Conference and Exhibition Centre. More than 800 participants attended the forum activities including a luncheon cum Career Forum, career-oriented workshops, exhibitions, CPA firm interview and CV doctor. Please click for videos and photo album.

 

Career & development

How to jump cultural hurdles for better business development

Knowing where people and organizations fall on the spectrum of cultural hurdles to development is key for growing business in todayˇ¦s working environment, where understanding the ethnic, religious, linguistic and racial background of your prospective client always takes the back seat. Peter Nixon, the founder and managing director of Potential Limited and an Institute member explains how to develop business in todayˇ¦s world of mixed communities.

(The article is reprinted from A-Plus April 2016 issue.)

 

Leisure & lifestyle
Go ˇV Lee Chi-man, general manager of corporate services at Hong Kong Tourism Board, on whatˇ¦s on this holiday season in the city.
Health ˇV Nerissa Fu, director of Radiant Love, on recreating Dr. Emotoˇ¦s water experiment and witnessing the power of positivity.

Eat ˇV Go green with
Lenny Wong, general manager of corporate governance at Li & Fung and a certified instructor in nutrition and weight management, and try his recipe for sweet corn braised rice.

Musical ˇV Yvonne Poon, accounting manager at Chung Ying Theatre, on must-see musicals out next month.

(The article is reprinted from
A-Plus November 2016 issue.)

 

 

 
Event calendar
Look out for the latest QP and examination assistance events.

Practical experience
Submit CPA membership applications by 13 March 2017.
We welcome 15 authorized employers and 41 authorized supervisors to the Institute's practical experience scheme.

Industry news

New Council and leadership
At the special Council meeting following the AGM on
15 December 2016,
Ms. Mabel Chan, deputy managing partner and national head of outbound market development of Grant Thornton Hong Kong, was elected as the Institute's new president. The new vice presidents are Mr. Eric Tong and Mr. Patrick Law. Click to see the full Council and press releases.

 


Books of the month
Several notable books, e-books and e-journals on hedge accounting are now available for your reference at the Instituteˇ¦s library.

Sports and
recreation interest groups

QP students and graduates are welcome to join the activities offered by the Institute's sports and recreation interest groups. It is a great networking opportunity with CPAs.

Benefits and services
Apply for the BOC HKICPA Platinum Card now and use it to settle your payment with the Institute including annual renewal to enjoy double bonus gift points.

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Enquiry and contact:
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