Issue no. 734 (28 March 2019)
 
  Dear members/member practices,  
     
 
 
 
 
 

Quality assurance report

 

The Institute's Quality Assurance Report 2018 is now available. The report summarizes the work of the Quality Assurance Department in practice review and professional standards monitoring over the past year, and highlights common review findings of which members should be aware.

         
 
  A Plus – Chief accountant  

The March issue of A Plus features the International Federation of Accountants' new CEO Kevin Dancey on how he will lead the organization amid falling public trust in professionals, and proposed changes to the standard-setting process. Other articles include the opportunities through the two stock connects; tax experts' views on the recently-released Greater Bay Area initiative outline development plan; and interviews with the Finance Manager of Galerie du Monde and four CPAs who teach the Institute's courses.

 

Meeting corporate governance challenges in the new economy

The workshop on 13 April will discuss the emerging social and economic megatrends, the challenges and remedies in terms of corporate governance, as well as the best practices to manage risks in a changing environment.


Insolvency practitioners' personal liability for costs in litigation
At the lunch seminar on 24 April, speakers will share their insights on the current legal position of insolvency practitioners while carrying out proceedings to recover assets or claim compensation on behalf of an insolvent company and factors they should be aware of.

How Hong Kong SMEs grow in the cloud
Join the Information Technology Interest Group lunch seminar on 8 May to gain an overview of misconceptions about the cloud and understand how small businesses can use technology for growth. Participants will also gain insights on how to embrace cloud computing technology and how cloud accounting can help to modernize their business processes through real-case sharing by an SME.

Reminders
Last chance to join the workshop on 2 April to develop growth mindset strategies to achieve better effectiveness at work and in life.

Join the seminar on 9 April for an update on the recent practices and trends of indirect tax including value-added tax and goods and services tax in Asia Pacific.

Enrol in the workshop on 10 April to learn about different types of coaching skills to engage with individuals for improved performance.

Don't miss the special offer to register for the Chartered Institute of Management Accountants' CGMA Program in May if you are a QP-qualified member.


HKAEE experience sharing seminars
Join the Hong Kong Awards for Environmental Excellence experience sharing seminars from April to June where organizations with outstanding environmental performance will share their achievements. Also, register for a free event to explore green management.
 
Correction: RSCP golf tournament results

Congratulations to the Institute's golf team who came fourth at the 15th RSCP golf tournament on 13 March. Karen Yip, Jeffery Wang and Catherine Tam also won individual awards. Click to see results and photos.


Reminder

Last call to join the upcoming singing technique classes to improve your vocal skill for singing pop songs. Limited spaces are still available.

 
Liaison meeting with the State Taxation Administration

The Taxation Faculty China Tax Sub-committee recently held the annual liaison meeting with the State Taxation Administration Shenzhen Tax Service to discuss topical cross-border tax issues. The meeting notes are now available in both simplified and traditional Chinese.


IASB position on agenda decision

The Vice-Chair of the International Accounting Standards Board and Chair of the International Financial Reporting Standards Interpretations Committee published an article to clarify the timing to implement changes in accounting policy that result from the IFRS Interpretations Committee's agenda decision.


Extension of CbC reporting notification

The deadline for making country-by-country (CbC) reporting notifications to the Inland Revenue Department via the CbC reporting portal for companies with accounting period beginning on 1 Jan 2018 has been extended to 15 May.


AML notice - United Nations sanctions

The updated list of individuals and entities was published on 25 March pursuant to the Gazettal of Terrorists and Terrorist Associates under United Nations (Anti-terrorism Measures) Ordinance (Cap. 575). There is an additional entry on the list of designations associated with ISIL (Da’esh) and Al-Qaida. For details, please refer to the press release issued by the United Nations Security Council Committees. For further information, visit the Institute's dedicated webpage for further information.

 

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