Issue no. 532 (13 February 2015)
  Dear members/member practices,  
  A Plus – What falling oil price means to business and CPAs  

Falling oil price has stimulated economies and lowered costs but also created uncertainty. The February issue looks at how CPAs can help create value and prepare for the future. Other features cover: the changing role of internal audit, BDO China's chief interview, Manulife CFO's success story and CPAs' experiences on relaxation remedies. Click here to read.

Forum webcast replay – method for selecting the Chief Executive by universal suffrage

Watch the webcast replay and photos of the forum on Public Consultation on the Method for Selecting the Chief Executive by Universal Suffrage held on 9 Feb. Send your views on the consultation document to the Constitutional and Mainland Affairs Bureau by 7 March.

Minutes of 42nd AGM

The minutes of the Institute's 42nd annual general meeting held last December have been published.

Early closing

The Institute will close at 4 p.m. on 18 Feb. for Chinese New Year's Eve.


Blessings for the Year of the Goat

The Institute wishes you, your family, friends and colleagues a year rich in health, happiness and success. Click to see the greeting e-card.

Holiday break for e-circular

The e-circular will be suspended for one week over the Chinese New Year holidays and will resume in the week of 23 Feb.

Professional Diploma in China Tax – China tax course

The China tax course starting on 14 March is a compulsory component of the Institute's Professional Diploma in China Tax (中國稅務專業文憑), and would cover key China tax laws and practice and their application to tax computation. You may also take the course on a standalone basis to complement your China tax knowledge. Enrol by 4 March or join the information session on 16 Feb. to learn more.

INED practices

The programme between March and April will help you understand the roles and responsibilities of independent non-executive directors, including considerations in accepting appointment, legal and regulatory updates, corporate governance skills and board strategies from an independent perspective. +

Canadian tax update

Have you considered investing in Canada? The seminar on 4 March will talk about Canadian tax implications and opportunities, and its reporting requirements on non-residents investing or starting a business in Canada. +

From wireless to Internet of things

The seminar on 2 March will explore business opportunities for Internet of things in different markets and recent trends in mobile wireless technology, cloud computing and machine-to-machine communications. +

Reminder: coaching for success and happiness

Come to the seminar on 6 March to learn more about the essence, impact and right mindset of happy coaching and how to use it to connect with employees and colleagues. +

Hong Kong IPO guide

Thomson Reuters has published IPO Handbook for Hong Kong 2015 (English / Chinese), which provides a comprehensive view of the Hong Kong initial public offering process.

Golf day

Enrol in the golf day on 21 March at SkyCity Nine Eagles Golf Course for beginners and intermediate players.

Join our representative team to compete in the RSCP table tennis tournament on 5 April. A selection process will be conducted, based on your skills, past results and sportsmanship. +

Sign up for the snooker training courses in March where beginner and intermediate sessions are available.

Institute comments on IESBA consultation
Click to see our comments on IESBA consultation paper on Improving the Structure of the Code of Ethics for Professional Accountants.

FAQ on hedge accounting under IFRS 9
PwC has published an FAQ about how hedge accounting should be applied in practice.

IFRS update
EY has published an update on upcoming changes in IFRS for 2014 year ends. +
Dragon boat paddlers wanted and training course
We are recruiting dragon boat team members for the 2015 race season. Members with no experience are welcome but are required to join the training course in March. All other interested members are also invited to join the course.

Sailing events
The keel boat sailing day will take place on 8 and 21 March at Aberdeen Boat Club.

Sign up for the dinghy race day in May if you are an experienced sailors with at least 18 logged sailing hours as a helmsman.

Calligraphy class

The elementary calligraphy class on Kai Shu (楷書), comprising 12 lessons taught by famous calligrapher Lau Choi-cheong (劉才昌), will start on 5 March.

to CPD learning centre and events calendar for more activities.

Quick links:
A Plus At-a-glance calendar
Technical resources Visit our website
SMP and SME resource centre Change personal information
CPD learning resource centre Email us
Hong Kong CPA Practice Directory See past e-circulars
HKICPA Source  

For general enquiry regarding content of this circular, please call 2287-7228.


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