Issue no. 741 (16 May 2019)
 
  Dear members/member practices,  
     
 
 
 
 
 

Hong Kong IPO offering structures and GEM placing guideline

 

At the Corporate Finance Interest Group evening seminar on 17 June, Daniel Wan, Partner of Addleshaw Goddard (Hong Kong) LLP, will talk about the typical structures of an initial public offering and the expectations from the Securities and Futures Commission for placing agents and underwriters engaged in initial listing applications as detailed in the Growth Enterprise Market placing guideline.

 

Risk management and internal control

Enrol in the workshop on 21 May to learn how to manage the risk of fraud and reputation damage to a company, as well as the risk management challenges for Hong Kong companies through case discussion and role plays.


Update on U.K. tax & customs legislation relevant to Hong Kong
At the seminar on 31 May, representatives from
Her Majesty’s Revenue & Customs will talk about recent trends and changes to U.K. tax legislation which affects businesses and individuals in Hong Kong.

How fund managers evaluate company values
The workshop on 31 May will discuss different skills to better present financial statement information to external investors and other ways investors value companies.

IFRS/HKFRS 17 for non-life insurers
The workshops for non-life insurers in June will help attendees to understand the basic principles of the IFRS/HKFRS 17 Insurance Contracts.

Greater Bay Area: Delegation to Huizhou
Join the visit to Huizhou organized by the SMP Committee on 20 June, to explore possible business cooperation opportunities brought by the Greater Bay Area initiative.

Anti-money laundering regulatory regime – How the accounting sector is affected
The seminar on 24 June will cover an overview of AML guidelines for the accounting sector, methods of money laundering that accountants should look out for, money laundering risks for trust or company service providers, and risk assessment on designated non-financial businesses and professions – all illustrated with case studies.

e-Series on the changing roles of SFC
Sign up for the e-Series to understand the functions and the role of the Securities and Futures Commission in market conduct matters.

HKACFE's fraud investigation foundation course
ACFE Hong Kong Chapter will hold a fraud Investigation foundation course on four Saturday mornings in June, in partnership with the Centre for Criminology, the University of Hong Kong.

IAE Greater Bay Area forum
The Institute of Accountants Exchange will hold a free Greater Bay Area forum on 25 May. Register by 20 May.

Reminders
The free seminar on 21 May will update you on the Loco London Gold fraudulent schemes, the recent evolution of modus operandi of the schemes and the ways to prevent the fraud.

Enrol in the lunch seminar on 28 May to learn about the role of independent market research in the capital markets from an activist investor perspective.

Join the seminar on 28 May for some key tax developments in global mobility and the implications to organizations and mobile workforce.

Don't miss the corporate finance series in May and June to gain knowledge about key financial decisions faced by organizations, the applications and practical issues in corporate financial management and their implications for accountants.

Register for the PICIG seminar on 30 May to learn about the market trend of office rentals, demand and supply of office space and the relevant government policies.

 
Golf day
Join the golf day and tee off with your fellow members at Kau Sai Chau Public Golf Course on 15 June.
 
IESBA Q&A on long association of personnel with an audit client

The staff of the International Ethics Standards Board for Accountants has released an updated Q&A publication to support the adoption and implementation of the revised long association provisions Changes to the Code Addressing Long Association of Personnel with an Audit or Assurance Client. This publication is a revised version of the staff Q&A publication from May 2017.


CFA Institute paper on leases

The CFA Institute has published Leases: What Investors Need to Know About the New Standard – Top Ten considerations for Investors, to help investors understand the changes in the new IFRS and US GAAP leasing standards, which became effective on 1 Jan 2019.


IAASB Quality Management Webcast Series

The International Auditing and Assurance Standards Board has recently released proposals to modify its suite of Quality Management standards. The proposals are open for comment until 1 July. In a series of recent webinars, the IAASB Task Force members took participants through key aspects of the proposals.


Application for Certificate of Resident Status

The Inland Revenue Department has updated the application for Certificate of Resident Status relating to the Circular of the State Taxation Administration on Matters Concerning “Beneficial Owners” in Tax Treaties (STA Circular 2018 No. 9).


AML notices - United Nations sanctions

Two AML notices were published on 15 May. For further information, visit the Institute's dedicated webpage.

Gazetted list of terrorists and terrorist associates designated by the United Nations Security Council, published pursuant to the United Nations (Anti-Terrorism Measures) Ordinance (Cap. 575).

List of persons and entities published pursuant to section 25 of the United Nations Sanctions (ISIL and Al-Qaida) Regulation (Cap. 537CB).

 
Reminders

Don't miss the bowling training course starting on 25 May at the South China Athletic Association Bowling Centre to improve your bowling technique.

Don’t forget to sign up for the CPA badminton championship on 2 June and compete against your fellow CPAs to win a trophy.

Come join the 2nd mini bridge tournament on 8 June to gain more tournament experience.

 

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