Issue no. 740 (9 May 2019)
  Dear members/member practices,  

The role of independent market share data – an activist investor's perspective


At the lunch seminar on 28 May, an activist investor and short seller of international repute will examine the role of independent market research in the capital markets, and discuss the value of market research and how investors should rely on it when evaluating the claims of public companies, demonstrated by case studies.


Engaging millennials in the workplace to create synergy

Join the workshop on 20 May to learn to appreciate the importance of engaging with staff and acquire and apply the skills in motivating and communicating with your staff.

Analysing credit-linked structured products
The workshop on 29 May will provide the general and practical knowledge needed to understand credit-linked structured products available in the market. It will also examine the terms and conditions of credit-linked structured products through term sheets.

Executive Programme for Accountants: Enhancing corporate value
Enrol in the workshops jointly organized by the Institute and the Hong Kong Institute of Directors in May and June to acquire in-depth knowledge and skills for safeguarding and enhancing corporate valuations, and understanding the directors‘ duties and responsibilities under the Companies Ordinance (Cap. 622)

Joint seminar on the Companies Ordinance
The Institute will host a seminar on 3 June with The Institute of Hong Kong Chartered Secretaries and The Law Society of Hong Kong bringing together distinguished speakers to discuss whether the objectives of the Companies Ordinance (Cap 622) implemented in 2014 have been realized. The speakers will also share what lies ahead to ensure the continued success of Hong Kong as an international financial centre of choice.

Mainland China VAT update
Join the seminar on 6 June for some key changes introduced to the Mainland China value added tax (VAT) system under the Public Notice 39, 2019 and Announcement 14 and 15 issued by the State Taxation Administration, and their implications to business enterprises under the new rules and regulations. Relevant cases will be illustrated to demonstrate how to utilize the benefits brought by these changes.

Stressing about stress: Understanding and managing your stress
The free seminar on 14 June aims to help participants to identify the signs and symptoms of stress. The speaker will share how to implement various stress management measures to decrease daily stress and how to manage emotions.

Don't miss the workshop on 15 May to learn about various financing methods for small- and medium-sized enterprises and the credit risks involved.

Last call for the joint seminar on 20 May to learn about the challenges, business opportunities and relevant government policies of the Greater Bay Area initiative, as well as the Mainland China individual income tax regime.

Don't forget the Transfer Pricing Series - Part 4 seminar on 20 May to learn about other transfer pricing provisions under the Inland Revenue (Amendment) (No. 6) Ordinance 2018 and their application.

IIA Annual Conference 2019
The Institute of Internal Auditors (IIA) will host its annual conference titled "Disruption, Agility and Innovation" on 3 June. Discussion topics cover internal audit’s role in managing disruptions, roadblocks to agility and innovation, governance and assurance for emerging technologies, essentials for survival in the digital era, practical approach to assessing cyber resilience and using robotic process automation in internal audit.
Trailwalker practice

A series of training sessions will start in May to get members prepared for the Oxfam Trailwalker. Sign up now to boost your endurance and build your strength if you intend on taking part in the 2019 Oxfam Trailwalker.

Merry Monday – Whisky tasting

The Merry Monday on 3 June offers you with the opportunity to step into the world of The Macallan single malt whisky. Come join to develop your understanding, appreciation and enjoyment of the whiskies.

Mini bridge tournament

The 2nd mini bridge tournament of 2019 will take place on 8 June. Sign up now to gain tournament experience.


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

Invitation to comment

The Institute is seeking comments on the following documents:

The International Auditing and Assurance Standards Board's Discussion paper on Audits of Less Complex Entities: Exploring Possible Options to Address the Challenges in Applying the International Standards on Auditing

The International Accounting Standards Board's Exposure Draft on Interest Rate Benchmark Reform

Forum on consultation on quality management for firms and engagements

The forum on 24 May will cover the key aspects of the International Auditing and Assurance Standards Board's (IAASB) three interrelated exposure drafts that address quality management. The IAASB representatives will explain how these proposed standards are intended to work, including how they may be applied in different circumstances.

Accounting and financial reporting: IFRS standards for SMEs

The seminar on 31 May will provide an overview of the two projects being undertaken by the International Accounting Standards Board that will be of particular interest to small and medium-sized entities (SMEs). Sign up now to understand the current status and next steps of the two SME projects and raise questions.

Upcoming Hong Kong Insurance Implementation Support Group meeting

Register to observe the Hong Kong Insurance Implementation Support Group meeting on 29 May, where two general insurers will share their implementation experiences.

FAQs for AML compliance

The Institute has issued additional questions and answers for matters related to AML compliance.

IASB Update

The April IASB Update and IASB podcast are now available.

Convenience with eTax

Consider filing your Tax Return through the IRD's eTAX to enjoy personalized on-line tax services. To save paper, you can select to receive electronic notices and documents.

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.

Snooker fun day

Come join the snooker fun day on 23 June which will feature trick shot demonstrations, friendly matches, tips from experienced players and more.

CPA basketball competition

Calling all basketball enthusiasts! Form a team and sign up for the CPA basketball competition.


Quick links:

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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

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