Issue no. 550 (3 July 2015)
  Dear members/member practices,  
  Audit regulation reform consultation conclusions  

The government issued consultation conclusions on audit regulation reform on 26 June. The Institute is pleased to note that the conclusions have incorporated some of our recommendations but maintains that more details should be provided before the legislation process commences. The Institute will continue to work with the government to ensure a fair, internationally recognized system that meets the public interest could be established. Visit our dedicated page for more details.

IFAC launches global regulation survey

A new global regulation survey has been launched by IFAC to assess the impact of regulation on organizations and individuals. The anonymous, 4-minute survey will help IFAC, regulators and policy makers gain valuable insights, and understand how regulation might improve. Participate now to give your views.


Valuation series

The valuation series starting in July will cover property valuation and report, goodwill impairment and valuation requirements under Hong Kong accounting and financial reporting standards.

Business and family succession

Enrol in the seminar on 21 July to learn more about the key elements and best practices for successful business and family succession, the importance of family business governance and characteristics of the Holistic Wealth Family Legacy Five-Dimensional Model. +

Hong Kong digital marketing and China O2O trends

The seminar on 30 July will discuss social media marketing in Hong Kong and the Mainland, and the evolvement and future trends of digital marketing. +

Leveraging ERP to optimize operational efficiency

Come learn the tangible and intangible benefits of an enterprise resource planning and how multinational companies should make ERP investment decisions at the seminar on 6 Aug. +

Reminder: When a CFO meets an i-banker

Speakers from CT Environmental Group and BOCI Asia will share IPO experience from the perspective of a CFO and an investment banker and how they work together to ensure successful listing at the meeting business partners gathering on 14 July.

Diamond appreciation
Dominic Mok, a diamond expert from Chow Tai Fook, will enrich your general knowledge in diamond while showcasing some exquisite master pieces at the appreciation session on 14 Aug.

Intermediate tennis training

Commencing in July, the intermediate tennis course is now open for enrolment. Join to hone your skill.

Dance classes in July

The Jazz Funk and Jazz classes will continue on Friday and Saturday respectively. Pick your choice and keep exercising to stay fit.

Invitation to comment
The Institute is seeking comments on exposure draft on Revised PN 730 Guidance For Auditors Regarding Preliminary Announcements Of Annual Results.

Members' handbook update
Members' handbook update no. 170 contains AB 6 Guidance on the Requirements of Section 436 of the Hong Kong Companies Ordinance Cap. 622.
Sports competition results
Institute's badminton team won the championship in the friendly match on 28 June against several government departments, including Audit Commission, Companies Registry, Inland Revenue Department and The Treasury. Click to see photos.

Congratulations to Benson Lam, David Leung and Allen Lam for winning the snooker league which ended on 28 June. Benson Lam was the winner of highest break. Click to see photos.

Discount offers
JW Marriott Hotel Hong Kong – 10% discount on food and beverage for birthday party, anniversary party, baby's full moon dinner and kid's party until 31 Dec. +

Pudao Wines – 25% off on selected wine until 31 July. +


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