Issue no. 662 (13 October 2017)
  Dear members/member practices,  

HKICPA welcomes new proposed tax measures


The Institute welcomes the proposed tax measures announced by Hong Kong's Chief Executive Carrie Lam, at her first policy address. These competitive changes will reduce the burden for small and medium enterprises and provide larger deductions for research and development, bringing more innovation and technology to Hong Kong. Click here to see the Institute's press release.

Membership renewal for 2018

The 2018 renewal notice will be emailed to you in
mid-November. If necessary, update your contact details here before 27 Oct. If you don't have the member login ID/ password, please acquire one here. Hard copy renewal notices will be sent on request only. +

Data centre internet connection upgrade

Due to the data centre's upgrade of the internet connection to fiber, the Institute's online services will be temporary inaccessible on Saturday 14 Oct, from 6:00 a.m. to 7:00 a.m. Please contact the IT support team at if you have any queries.


Keeping CPD record and documentary evidence

Members are required to maintain CPD records and documentary evidence of their verifiable CPD hours for a minimum of 5 years. Members selected for CPD audit will be asked to produce the records and supporting documents. Click here to see a sample of CPD record.

MBIG study tour to Shenzhen and Dongguan
The Mainland Business Interest Group has organized a
3-day study tour
to Shenzhen and Dongguan on 3-5 Nov. The tour includes visits to local enterprises as well as to the Dongguan Exhibition Gallery. There will also be a networking dinner with local officials and representatives from various associations.

Digitizing finance - Robotic Process Automation
The IT seminar on 23 Oct will introduce Robotic Process Automation, its benefits, and how leading companies are adopting it to increase productivity.

INED practices
The executive programme, starting on 4 Nov, will help you understand the roles and responsibilities of independent non-executive directors, including considerations in accepting appointment, legal and regulatory issues, corporate governance skills and strategies to perform INED roles effectively.

Annual accounting update
The annual accounting conference, on 11 Nov, will cover the transition to new standards including HKFRS 9 Financial Instruments, HKFRS 15 Revenue from Contracts with Customers and HKFRS 16 Leases, as well as updates on new and revised standards.

Take an e-learning course, followed by a face-to-face seminar on 20 Nov to gain in-depth knowledge about valuation methodologies for intangible assets.

HKMA annual conference
Join the annual conference on "Business Transformation in an Era of Innovation and Disruption” hosted by the Hong Kong Management Association. This year's conference will feature an array of eminent business leaders who will share their insight and success stories. Members can register for free before 30 Oct.
Bowling winter league
The bowling winter league will last for 12 weeks from Nov to Mar 2018. Form your own team or join a registered team in the league now.

Don't forget to sign up for the 4-session snooker training courses beginning on 22 Oct to sharpen your snooker skills or pick up a new hobby. Beginner and intermediate sessions are available.

The intermediate tennis training course will begin in late October. Limited spaces are still available.

Discount offer
HK Philharmonic Society - 10% discount on adult tickets of HK Phil's concerts, limited to 2 tickets per purchase, until 7 July 2018.
Proposed changes to Quality Control Standard
This IAASB webinar discusses the proposed changes to the International Standard on Quality Control (ISQC 1) which will change the current approach to quality control for firms using the IAASB’s International Standards.

New IASB staff webcasts
IFRS 9 Financial Instruments highlights key new disclosure requirements, which differ significantly from IAS 39
IFRS 16 Leases discusses four implementation questions on lease term requirements

Making IFRS disclosures more meaningful
This IFRS Foundation case study report explains how six companies have improved communication by making more meaningful disclosures in their IFRS financial statements. The report shows that even relatively small changes can significantly improve the quality of financial reporting.

AASC meeting minutes
Minutes from the 364th meeting of the Audit and Assurance Standards Committee held on 25 April are now available.
CPA Cup – National Day Celebration Dragon Boat Invitational Race
Congratulations to the Institute's dragon boat team for placing 4th in the Gold Cup division of the CPA Cup – National Day Celebration Dragon Boat Invitational Race 2017 held on 8 Oct against 15 other teams. Click to see full results and photos.

Merry Monday – Stress management
Stress is inevitable in today's world. At the Merry Monday on 6 Nov registered physiotherapist Alice Yuen will not only discuss the most common causes of stress, but also teach relaxation techniques.

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