Issue no. 715 (1 November 2018)
  Dear members/member practices,  
  AGM and Council election  

The Institute's 46th annual general meeting will take place on 13 Dec and the nominations for Council election will close at 5:30 p.m. on 19 Nov. Click here for more information and the AGM booklet including the summary financial statements. A hardcopy of the AGM booklet together with details about Council election has been sent to you by post.

2019 Council co-option and committee appointment – Open for nomination

The Institute's Nomination Committee will soon begin considerations for co-option to the Council and appointment to the committees for 2019. Submit your nomination before 26 Nov. Click here for details.

Council meeting minutes

The abridged minutes from the September Council meeting are now available for members to read. Click here and login to your account to view them.


A Plus

The October issue of A Plus looks at the CPAs' role to play in both helping companies to avoid short-selling and identifying short-selling targets. Other articles include a feature on how auditing standards are developed and changes to the process; and interviews with IBM Hong Kong's Chief Operating Officer, Xero's Asia Regional Director, and members of the CPA Trailwalker teams.

How to achieve verifiable CPD hours
Learning activities are counted as verifiable continuing professional development (CPD) if they can be objectively verified by evidence, such as attendance record, certificate of achievement or examination result slip. Find out more about how to achieve CPD hours and CPD requirements.

Career conference: Young accountants @tech
Join the annual Career Conference on 17 Nov for young members to learn about the career development opportunities and challenges young accountants face in the digital age. Recruitment consultants will provide an overview of the current job market and the key skills they look for in recruiting suitable candidates.

Developments of Mainland bankruptcy and insolvency
Judge Ye Bingkun (葉炳坤法官), Head of 6th (Financial & Bankruptcy) Civil Division, Xiamen Intermediate People's Court will share his experience and thoughts on the latest developments of the Mainland Bankruptcy Law and restructuring and insolvency issues at 9 Nov lunch seminar.

Financial regulation seminar
The seminar on 22 Nov will analyse the increasingly complex, opaque, inapt and inadequate regulation that followed the global financial crisis, and propose mechanisms by which we can get financial regulation back on a more sensible "business-centric" track.

Intelligent automation for finance and accounting
At the lunch seminar on 23 Nov, Anni Lu, Solutions Consultant and Alliances Lead of Thomson Reuters, will talk about the challenges and benefits to a company's finance and accounting department intelligent automation can provide, as well as tips on identifying appropriate tools and resources.

RMB internationalization and globalization of Chinese enterprises
The Renminbi is now an international currency and Hong Kong performs an important role as an offshore RMB centre. The seminar on 23 Nov will provide an update and outlook of RMB internationalization and globalization of Chinese enterprises.

Valuation practice and trends in Asia
Join the forum on 29 Nov which will discuss market features, trends and challenges of the valuation industry in Asia. Speakers from different countries will also share valuation practices from across the region.

Belt and Road financing initiatives – Opportunities and challenges ahead
Enrol in the workshop on 4 Dec to understand the Belt and Road initiative, its impact on various industries and related financing providers, as well as the key financing considerations and related risk mitigants.

Don't miss the two-day workshop for audit staff and seniors, which teaches participants the principles and requirements of Hong Kong Standards on Auditing.
Invitation to comment

The Institute is seeking comments on the Exposure Draft Practice Note 830 (Revised) Reports by the Auditor under the Banking Ordinance by 26 Nov.

IASB Update

The October IASB Update has been published and the work plan updated. The IASB also discussed next steps in implementation support for IFRS 17 Insurance Contracts, read or listen to the outcomes.

Professional skepticism

The IAASB has published an update on how it has addressed and plans to address professional skepticism within the standards.

FATF updates

Subsequent to the Financial Action Task Force (FATF) Plenary and Working Group meetings held between 14 to 19 Oct, FATF issued a public statement regarding two jurisdictions, and a document titled "Improving Global Anti-money Laundering and Combating the Financing of Terrorism Compliance: On-going Process" concerning 11 other jurisdictions. Members are advised to take note of these materials.

Sports competition results

The CPA tennis tournament concluded on 21 Oct. Congratulations to Jason Chan winning the Men's Singles and Kenneth Kwan and Tommy Wong winning the Men's Doubles. Click to see results and photos.

Congratulations to Anthony Cheng and Raymond Chin for winning the Wong Tan Cup and Deloitte Touche Tohmatsu Trophy respectively at the CPA Golf Tournament on 25 Oct. Click to see results and photos.

Bowling winter league

The bowling winter league will run for 12 weeks from December to March. Form your own team or join a registered team.

Bridge team tournament

Form your own team and compete in the bridge tournament – team event on 9 Dec.


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