Issue no. 692 (24 May 2018)
  Dear members/member practices,  
  Receiving Ministry of Finance delegation  

The Institute received a delegation led by Shao Min, Deputy Director-General of Department of Accounting, Ministry of Finance (財政部會計司邵敏副司長), on 17 May. The delegation met with the Institute and representatives of Hong Kong CPA firms including Ministry of Finance appointed advisors, to discuss the revisions to China's Law on Certified Public Accountants (註冊會計師法) and Accounting Law (會計法). The delegates also heard the latest developments in the profession in Hong Kong, including the new QP and audit regulatory reform. Click to see photos.
Implementation phase of the new Qualification Programme

The Institute is pleased to announce that the new Qualification Programme has entered into the implementation stage. The new QP will roll out from June 2020 onwards and will see the introduction of new Student Information System for online registration and the publication of new study materials for exam preparation. Visit the website of the new QP for more details.

Integrated Reporting <IR>

On 16 May the Institute hosted a meeting with Richard Howitt, CEO of the International Integrated Reporting Council (IIRC). He met with academics, companies, NGOs, CPA practices and regulators and provided an update on the status of adoption of <IR> around the world and a discussion on the relevance of <IR> in Hong Kong. Up to date information on the activities of the IIRC can be found on their website.


EGM minutes
The minutes from the extraordinary general meeting held in March are now available for members. You can find the minutes after logging into your account on the Institute website.

Positive management - modern motivational and supervisory techniques
Enrol in the workshop on 19 Jun to learn the importance of positive management strategies and ways to establish strength-based teams to raise team performance.

Legal principles under Competition Ordinance (Cap. 619)

The seminar on 20 Jun will provide an overview on Competition Ordinance and discuss the legal implications for business owners, firms and employees.

Final call to enrol in the two workshops on 9 Jun to learn about applying mediation, communication and negotiation skills to resolve workplace disputes.
Consider filing your tax return online and subscribe to e-notices through the Inland Revenue Department's eTAX services.

HKACFE training course on fraud Investigation in Hong Kong

ACFE Hong Kong Chapter, in partnership with Centre of Criminology of the University of Hong Kong, will hold a fraud Investigation foundation course on four Saturday mornings in June.


Dance event

Elementary level samba and intermediate level cha-cha-cha classes will both begin on 7 Jun in Wanchai.

Golf day

Join the golf day on 16 Jun at Kau Sai Chau (South Course). This course is suitable for beginners or players with high handicaps.

2nd mini bridge tournament

The 2nd mini bridge tournament of 2018 will take place on 30 Jun. Sign up now to gain more tournament experience.

to CPD learning centre and events calendar for more activities.
United Nations sanctions notices

Gazettal of Terrorists and Terrorist Associates under United Nations (Anti-terrorism Measures) Ordinance (Cap. 575) includes updating of specification of terrorists and terrorist associates designated by the United Nations Security Council Committees. The Notice (i) specifies the updated list of terrorists and terrorist associates designated by the Security Council 1988 Committee on 10 Apr and the Security Council 1267/1989/2253 Committee on 9 May; and (ii) revokes the previous 20 Apr Notice. There are also updates in respect of the list of designations associated with ISIL (Da’esh) or Al-Qaida: (a) amendments to 2 individuals and 2 entities on the list. For details, please refer to the press release issued by the Security Council Committees.

IASB quiz on Conceptual Framework

The IASB have created a quiz to help test the understanding of the revised Conceptual Framework issued in March.

IFRIC Update

The May IFRS Interpretations Committee Update is now available.

Bowling summer league

The bowling summer league will take place across 12 weeks from July to September. Form your own team or join a registered team in the league now.


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