Issue no. 738 (25 April 2019)
 
  Dear members/member practices,  
     
 
 
 
  Annual MoF visit to the Institute  

President Patrick Law hosted a delegation from the Ministry of Finance (MoF) led by Dr. Li Yu Huan, Director General, Accounting Regulatory Department, MoF on 17 April. The Institute shared the current landscape of the accounting profession in Hong Kong including news about audit regulatory reform and the roll out of the new Qualification Programme. After this, participants exchanged professional views on the amendments to the "Law of the PRC on CPAs" as well as the implementation of IFRS 16 Leases in Hong Kong. Click here to see photos.


New members cocktail

The Institute will host the new members cocktail on 18 May to welcome new members admitted since May 2018. Come join this celebratory event to network and interact with fellow members and learn about the services the Institute provides its members. Sign up by 3 May.
 

Council meeting minutes

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

 

From CPA to CPA Plus

Join the two-day program “From CPA to CPA+” in May to establish your business engineering mindset and framework and learn how to give professional management opinions and advice. The course will help you to extend your views from the accounting perspective to management through face-to-face learning, experience sharing and case studies.


Anti-money laundering and counter-terrorist financing series
The seminar on 16 May will provide an overview of anti-money laundering and counter-terrorist financing obligations for accountants. Attendees will learn about the policies, procedures and controls to satisfy the requirements, as well as the potential challenges.

Decoding Loco London Gold Fraud
At the free seminar on 21 May, the speaker from the Hong Kong Police Force will talk about the Loco London Gold (LLG) fraudulent schemes, the recent evolution of modus operandi of the schemes and the ways to prevent the fraud.

Reminders
Last call for the executive programme for accountants workshops jointly organized by the Institute and the Hong Kong Institute of Directors in May to understand more about the best practices of directors.

Last chance to join the ITIG seminar on 8 May to gain a good understanding of cloud accounting technology and explore how to use technology for business growth.

Join the seminar on 9 May for updates on the latest developments on digital service taxation.

Don’t miss the seminar on 9 May to learn how to develop new leadership and management capabilities for career success in the digital economy.

Sign up for the joint seminar with HKCEA FAASC on 20 May to gain insights into how the Greater Bay Area development impacts accounting professionals.

Come join the PICIG seminar on 30 May to learn about the market trend of office rentals.


CUHK Sustainability Conference
This year's Sustainability Conference organized by the Chinese University of Hong Kong, previously called the CSR Conference, will take place on 6 May. The Conrference is themed "CSR & Beyond: The Quest for a Sustainable Future". Join the series of talks, panel discussions and workshops to gain insights on sustainability. Interested members can enjoy a 15% discount by inputting the promo code “FCLI9RZ”.

Work placements wanted for Yuen Long district secondary school students
The Hong Kong Coalition of Professional Services (HKCPS), of which the Institute is a member body, is organizing an internship programme in July for secondary school students from Yuen Long to work for 2 weeks in professional firms. Return your reply slip to HKCPS if you are interested in providing opportunities for teenagers to learn more about the accounting profession.
 
IFRS Interpretations Committee agenda decisions

The International Financial Reporting Standards (IFRS) Interpretations Committee published an article titled "Time is of the essence" to clarify the timing to implement changes in accounting policy that result from the committee's agenda decisions.


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 Guangdong Provincial Tax Service to discuss topical cross-border tax issues. The meeting notes are now available in both simplified and traditional Chinese.


AML notice – United Nations sanctions

The following United Nations sanctions were published on 23 April:

Updated list of individuals and entities pursuant to the section 25 of the United Nations Sanctions (ISIL and Al-Qaida) Regulation (Cap. 537CB).

Gazettal of Terrorists and Terrorist Associates under United Nations (Anti-terrorism Measures) Ordinance (Cap. 575). There is a removal of one entry from the ISIL (Da’esh) and Al-Qaida Sanctions List. 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.

 
Singing technique classes

Enrol in the singing technique classes starting in May to improve your vocal skill for singing pop songs. Join a class that suits your level or the stage performance technique class to build your confidence on stage.


Reminder

The swimming classes at the Victoria Park Swimming Pool between May and July are now open for enrolment.

 

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