Issue no. 625 (5 January 2017)
  Dear members/member practices,  
  New QP position paper released  

The Institute released the Position Paper for the CPA Qualifying Process Reform at the media briefing on 4 Jan. The position paper sets out the final content and structure of the new Qualification Programme which will train accountants to continue to meet the changing market needs and international standards. Visit the dedicated webpage for the position paper, press releases and FAQs.

New president meets media
At the "new president meets the press" session last Friday, Mabel Chan talked about audit regulatory reform, new QP, engagement with members, other plans for 2017, as well as her career path. Read some of the news reports published this week here: South China Morning Post, Ming Pao Daily News, Apple Daily, Oriental Daily News, Hong Kong Economic Journal (via Sina HK) and Hong Kong Commercial Daily.

IT series
Come join the IT series in February to learn more about the trend for finance transformation, cloud security, business opportunities in mobile enterprise, and the future of mobile apps development.

ESG series
Enrol in the environmental, social and governance series between January and March to learn more about the latest ESG reporting requirements and implementation, and benefits of ESG reporting.

Come learn more about the impacts of the revised Corporate Governance Code on risk management and internal control to listed companies at the seminar on 18 Jan. +

The seminar on 18 Jan. will talk about the practical approaches to a successful joint venture. +

Sign up for the seminar on 20 Jan. which will discuss challenges and opportunities to Hong Kong accountants from Belt and Road initiative. +

Subscribe to The Accounting Yearbook of China 2016 (中國會計年鑒 2016年卷) and China Taxation Yearbook 2016 (中國稅務年鑒 2016年卷) by 13 Jan. +

Last call to join the Financial Services Interest Group cocktail reception on 16 Jan. to learn more about the holistic approach to retirement planning.

Standard Chartered Marathon runner's pack and briefing

If you have registered the Standard Chartered Marathon with the Institute, your runner's pack will be delivered to your office between 6 and 10 Feb., unless you have made special arrangements to pick it up at the Institute or the Marathon Expo.

Sign up for the briefing on 3 Feb. if you would like to know more about the best strategies to prepare for the race.

Bridge training course
Enrol in the bridge training course starting on 24 Jan. which will focus on card play techniques for declarer.

Dance events
Sign up for the Jazz class starting in mid-January to explore the fun of dancing.
The January dance dinner will take place on 20 Jan. at 百樂會 in Tsim Sha Tsui.

Come learn the writing method of Xing Shu (行書 - 蘭亭序) from calligrapher Lau Choi-cheong at the calligraphy class starting on 9 Feb.
Don't forget to sign up for the golf lesson on "Driver and Woods" on 4 Feb. with golf professional, Billy Ma.
Audit Practice Manual (2016 edition)
The HKICPA Audit Practice Manual (2016 edition) is now available for sale. The revamped manual includes a number of new programmes and checklists together with revised guidance notes and sample audit files addressing the latest auditing and disclosure requirements.

Members' handbook updates
Update no. 192 relates to new standard Responding to Non-Compliance with Laws and Regulations;

Update no. 193 covers: amendments to various HKFRS standards (effective for annual reporting periods beginning on or after 1 Jan. 2016); new HKSIR 200 re guidance on the preparation of accountant's report under the Hong Kong listing rules (effective for investment circulars dated on or after 1 July 2017); and new guidance on revised HKSIR 400 (effective immediately).

Bulk purchase discount

Order the 2017 IFRS® Standards - Consolidated without Early Application (Blue Book) before 2 Feb. and receive a 10% bulk purchase discount. +

Golf training courses
Come join the golf training courses starting on 4 Feb. at South China Athletic Association where beginner and intermediate sessions are available.

Swapping of interest groups
If you wish to swap your choices of interest groups for 2017, login to MyCPA and make the changes by 31 Jan.

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

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