Issue no. 647 (23 June 2017)
  Dear members/member practices,  

Past presidents appointed as Principal Officials of the new government


Paul Chan, the Institute's president in year 2006, was appointed as Financial Secretary in January 2017. He will continue as Financial Secretary in the new administration.

David Sun, the Institute's president in year 2003, was appointed as Director of Audit in July 2012. He will continue as Director of Audit in the new administration.
    Click to read the government press release.  

Feedback requested:
The Revised Auditor's Report

Auditor's reports of listed entities are now required to describe key audit matters (KAMs). The Institute's Standard Setting Department is conducting a survey on the benefits and challenges of reporting KAMs.

Your feedback will help the Institute understand how the profession could respond to challenges, if there were any, and whether the new requirement serves users' needs. Don't miss out on this opportunity share your views by 31 July.


Practical issues of risk management and corporate governance

The Risk Management and Corporate Governance section of the Financial Controllership Programme will begin in July. Participants will learn more about the topics through interactive case study activities and discussions. Enrol by 3 July or click here for details about the FCP.

Investor relations series
The investor relations series, which begins in July, will introduce the profession and cover financial public relations as well as social media and crisis management in investor relations.

Guided tour of Legislative Council
Members interested in learning more about LegCo's history and functions can now enrol in the educational tours, co-organized by the Institute and the Office of the Hon. Kenneth Leung, LegCo Member (Accountancy Functional Constituency), on 22 and 29 July.

How to become a business partner
Enrol in the seminar on 4 Aug. for helpful hints on topics such as visibility, collaboration, influencing power and continuous learning. +


Enrol in the compliance series seminar on 12 July to learn more about the detection and prevention of global financial crimes and fraud schemes and money laundering in different industries.

Belt and Road Summit
Get insight from global leaders and exchange ideas with other business professionals at the Belt and Road Summit organized by the HKTDC and the government of the HKSAR. Members will receive an early bird discount on registrations before 14 July, using the promotional code "BNRSO30HKICPA17".
Trailwalker practice

A series of practices has been organized in July for members who intend to participate in the 2017 Oxfam Trailwalker.

Don’t miss the young members' party on 30 June where you can enjoy a night out and meet young members of other professional bodies.
Come celebrate with fellow CPA athletes at the annual Sports and Recreation Night on 28 July at The Grand Stage. There will be games and fabulous prizes.
Institute's comment on IASB Exposure Draft

The Institute has commented on the IASB Exposure Draft ED/2017/3 Prepayment Features with Negative Compensation – Proposed Amendments to

Ethics Committee meeting minutes
Minutes of the 236th meeting of the Ethics Committee, held on
9 March, are now available.
Sports competition results
The Institute's badminton team joined the PwC invitational tournament on 18 June, competing with all of the Big Four accounting firms. Click to see photos.
The Institute's football team won the championship in the 曙光盾 category of the Homeless World Cup Fundraising Tournament on 18-19 June. Click to see photos.

Dance events

The elementary Samba and Jive classes will commence on
13 July. Enrol now to explore the fun of Latin and Ballroom dance.

Fitness and stretching class

Join the weekly fitness and stretching training from July to Sept. to maintain a healthy lifestyle.


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