Issue no. 726 (24 January 2019)
  Dear members/member practices,  

Cocktail reception in Guangzhou


Members are cordially invited to the cocktail reception at the Sheraton Guanzhou Hotel on 14 Feb. It will be a great opportunity to interact with the Institute's new President, Vice Presidents and senior management, as well as expand your business network. The cocktail is free of charge. Enrol by 29 Jan.


From CPA to CPA Plus

The two-day workshop in February will help you build up your systematic business mindset, from financial investment theory to practical application through face-to-face learning, experience sharing and case studies.

Risk management sharing session "Belt and Road: Hong Kong – IN"
Register for the risk management sharing session "Belt and Road: Hong Kong – IN" on 25 Feb co-organized by the Commerce and Economic Development Bureau and the State-owned Assets Supervision and Administration Commission. Representatives of state-owned enterprises and professionals from Hong Kong will come together to share measures and experiences to prevent and manage the risks in overseas project along the Belt and Road. Enrol here by 12 Feb.

Don't miss the Property, Infrastructure and Construction Interest Group seminar on 28 Feb to learn about the recent development of the Reverse Mortgage Programme, as well as the product features, application guidelines and approval procedures.

Enrol in the workshops on 23 Feb and 23 March to understand various stages of enterprise resource planning implementation, including training preparation, cutover planning, go-live support, as well as stabilization and post-implementation review.

CPA football competition winners

The CPA football competition concluded on 20 Jan. Thanks to all 19 teams who competed this year. BCJ won the competition, beating RSM Hong Kong 3-0 in the final. Lam Kam Fung, Deep of Grant Thornton took home the medal for "speedy scorer." Click to see results and photos.

Ngong Ping Charity Walk 2019

A big thanks to the eight members who represented the Institute at the Ngong Ping Charity Walk on 20 Jan. The 20 km corporate charity team of Edwin Yeung, Ellen Cheng, Bryan Lee and Ronald Wong won the Champion, while the 29 km corporate charity team of Juni Ngai, Jeremy Chiu, Allan Lee and Wallace Wong, finished third. Click to see photos.

Understanding early childhood development

Join the free seminar on 15 Feb to understand how early childhood development shapes the future of children and to learn about some common practices to support your children's development needs.

Standard Chartered Marathon

The Standard Chartered Marathon is just around the corner. Visit us at the Causeway Bay Sports Ground next to the Hong Kong Central Library on marathon day (17 Feb). The Institute's marquee will begin serving members at the earliest possible time from 6:30 am, providing storage service, refreshments, group photos and physiotherapy treatment. More details soon!

Bridge training course

Enrol in the training course beginning on 23 Feb to improve your bridge playing skills.

Fitness and stretching classes

Join the fitness and stretching training classes from February to March to maintain a healthy lifestyle.


HKFRS updates

The Institute published a summary which outlines the new and amended standards and interpretations issued that are:

applicable to December 2018 year-end; and

effective subsequent to December 2018 year-end, but may be adopted early.

HKFRS and IFRS comparison

This table compares Hong Kong Financial Reporting Standards and International Financial Reporting Standards as at 31 December 2018.

Members' Handbook update

Update no. 224 relates to the issuance of Definition of a Business (Amendments to HKFRS 3 Business Combinations).

Pocket summary for HKFRS 17

The Institute published the second pocket summary on HKFRS 17 Insurance Contracts, which focuses on the requirements for determining the boundary of an insurance contract.

Hong Kong Insurance Implementation Support Group

Register as an observer to attend upcoming HKIISG meetings if you are interested in HKFRS 17 Insurance Contracts implementation. Updated meeting papers and summaries of discussions pertinent to HKFRS 17 are also available.

January IFRIC Update

The January 2019 IFRS Interpretations Committee Update is now available.

Short questionnaire about future implementation support for ISAs

Complete the short questionnaire conducted by the International Federation of Accountants to give your feedback on what future implementation support could be developed to effectively and efficiently apply International Standards on Auditing.

AML notice

Visit the Institute's anti-money laundering dedicated webpage for the updated lists of terrorists, terrorist associates and relevant persons/entities under United Nations sanctions.


Quick links:

A Plus

Technical resources centre LinkedIn
SMP and SME resource centre See past e-circulars
CPD programmes At-a-glance calendar
Hong Kong CPA Practice Directory Change personal information
HKICPA Source Email us

For general enquiry regarding content of this circular, please call 2287-7228.


If you require any technical assistance on this transmission, please contact IT support team at 2287-7800 or

Your personal data collected from the enrolment process and administration of courses will be used for the purpose of the administration of the course on which you are enrolled. Such data collected may be accessible by the Institute's officers, persons or committees processing the application and related matters. In addition, the Institute may use the collected data for statistical research and analysis and, if applicable, for validation of CPD hours. The Institute intends to use the personal data of your name, email address and correspondence address to inform you, where relevant, of CPD activities, members' benefits, goods, services, facilities and events organized or provided by the Institute or other organizations. Members and registered students may opt out of receiving such materials at any time by logging in here. Non-members may opt out of receiving such materials at any time by sending an email to the Institute at or a letter to the Institute's privacy officer. For more information about the privacy policy of the Institute, please click here.

Some sections contain information from outside sources. We endeavour to link to reputable sources but the Institute is not responsible for the accuracy of the content and the content does not necessarily represent the views of the Institute.

This email together with the file(s) transmitted is intended solely for addressee(s) only and may contain confidential or privileged information. If you received this email in error, please contact the sender and delete it together with its attachment(s) from your computer(s). You should note that the views expressed in this email are those of the author and do not necessarily represent those of the Institute. The recipient should check this email and all attachments for the presence of virus. The Institute will not accept liability for any damage caused by any viruses transmitted with this email.