Issue no. 557 (20 August 2015)
  Dear members/member practices,  
  A Plus – Corporate Japan’s true colours  

The latest scandal at Toshiba with US$1.2 billion profit padding is an embarrassing blow to the Japan government but will it add momentum to corporate governance changes already afoot? Other A Plus stories in this month cover: IAASB Chair's profile, Pearl River Delta as the world's largest megacity, and Century Iron Mines CEO's success in balancing western and Chinese management style. Click here to read.

FATCA from a practical perspective
Get to know implications of Foreign Account Tax Compliance Act by attending the Taxation Faculty seminar on 22 Sept. It will cover filing requirements and the U.S. Offshore Voluntary Disclosure Programme.

How big data brings advantages to finance

The seminar on 18 Sept. will cover latest trends on big data and analytics, and how to leverage an analytics platform on account receivable, budgeting and business forecasts. +


FATCA enforcement and U.S. reaction to BEPS
At the seminars on 10 Sept., speakers will talk about implications of the FATCA enforcement programme in Asia, Israel and the Caribbean, and impacts of Base Erosion and Profit Shifting to U.S. residents and its tax system. +

Hong Kong as corporate treasury centre and intellectual property hub

The seminar on 7 Sept. will update you the development of tax regime for intellectual property and legislative proposal for promoting Hong Kong as a corporate treasury centre, and the relevance of tax treaty network in these areas. +

Cybercrime from law enforcement perspective

Come join the Forensic Interest Group seminar on 6 Oct. to find out more about cybercrime investigations and challenges faced by law enforcement agencies.

Reminder: personal bankruptcy regime

Learn more about personal bankruptcy proceedings in Hong Kong and practitioner’s role, illustrated with high profile bankruptcy cases at the seminar on 8 Sept. +

CPA snooker team recruitment

Put forward your name if you wish to represent the Institute at the RSCP snooker tournament on 13 Sept. and 11 Oct. The main selection criteria, among other things, are based on player's performance in past competitions and Institute's snooker events. +

Dance classes

Enrol in the classes of Jazz, Jazz Funk and Waltz in September to explore the fun of dancing.

Institute member Rainier Lam will share his travelling experience in Tibet at the Merry Monday on 7 Sept.

The third mini bridge tournament will take place on 12 Sept. Join now to put your bridge skills to the test.

Don't miss the elementary tennis training course starting on 8 Sept.

Sign up for the dance fun night on 12 Sept. to enjoy performances, competitions and live band for dancing.

Invitation to comment

The Institute is seeking comments on IASB exposure draft on Effective Date of Amendments to IFRS 10 and IAS 28.

Illustrative financial statements
PwC has published illustrative condensed interim financial statements. +

Classification and measurement of financial assets and liabilities
Zhonghui Anda has published an update to provide a summary of requirements for classification and measurement of financial instruments under HKFRS 9 Financial Instruments. +
Calligraphy class

The calligraphy class on Wang Xizhi's (王羲之) Xing Shu (行書) and Cao Shu (草書), taught by famous calligrapher Lau Choi-cheong (劉才昌), will begin on 12 Sept.

New discount offers
Theory Hong Kong – 15% discount on regular priced items during the sales promotion from 6-13 Sept.

Watson's Wine – 23% discount on selected Spanish wine until 30 Sept.


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Hong Kong CPA Practice Directory See past e-circulars
HKICPA Source  

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