Issue no. 762 (10 October 2019)
  Dear members/member practices,  

Setting the culture of ethics in business



The final module of the Financial Controllership Programme (FCP), Business Ethics, will be held on 9 and 23 Nov to highlight the important role of financial controllers in fostering a strong culture of ethics in business and instilling ethical values in their finance teams. Enrol by 7 Nov or click here for details about the FCP.


Hong Kong Business Valuation Quality initiative – consultation roundtable


The Hong Kong Business Valuation Quality Initiative Task Force, of which the Institute is an active member, released its consultation paper on its proposed standards and professionalism framework for business valuation in the Hong Kong market in July. The Institute is hosting a roundtable to explain the recommendations, the consultation, and to collect feedback from members and other stakeholders (including valuation professionals) on 23 Oct in the Institute’s boardroom. Register now to learn about the proposals.

Monitoring of members' CPD compliance

The Institute conducts a continuing professional development (CPD) audit exercise after the annual CPD declaration. Every member is subject to the audit, and members selected in a random sample must submit their CPD records with supporting documents. Click to learn more about CPD audit exercise.

Guardian role of professionals in upholding ethical governance
The seminar on 14 Oct will examine relevant sections of the Prevention of Bribery Ordinance in relation to the duties and responsibilities of directors and professionals in preventing corruption and other malpractices. Business ethics and ethical issues as well as the "4As" model of ethical governance will also be discussed.

Workshops for listing on HKEX - Session 1: Financial forecast and common PRC 2019 legal issues for listing
The first session of workshops for listing on the Hong Kong stock exchanges (HKEX) on 19 Oct will focus on how to prepare the financial forecast report and common PRC legal issues for listing on HKEX, with practical examples and common application issues.

The challenge and advancement of treasury management - Session 1: Treasury challenges in Asia
Join the seminar on 30 Oct to gain insights into the challenges faced by corporate treasurers in Asian countries and the corresponding solutions. The speaker will also illustrate examples to explain the necessary considerations for setting goals and targets.

Soft skills in the workplace
The upcoming soft skill series seminars in November and December will equip you with different soft skills needed to further your career advancement and help you succeed in the workplace.

New commercial lending series
This new commercial lending series in November and December will help accountants to acquire the necessary technical skills and knowledge, as well as to develop the attitude in commercial lending and the skills to deal with commercial bankers.

Reminder: A new era of Hong Kong’s insurance industry
Last chance to join the FSIG lunch seminar on 15 Oct to get updates on the developments of insurtech, the Insurance Authority’s risk-based capital regime and direct regulation of insurance intermediaries. The regulatory impact on Hong Kong’s insurance industry will also be discussed.

Global Directorship Programme 2019
The Hong Kong Institute of Directors and the University of Cambridge Institute for Sustainability Leadership are jointly organizing the Global Directorship Programme again this year. Join an exclusive group of 21 directors and C-suite executives at the local and overseas courses starting in October to learn to achieve excellence in board practices in a global setting. Interested members can enjoy a special rate.
Members' Handbook update

Update No. 232 contains conforming amendments as a result of the Code of Ethics for Professional Accountants issued in November 2018, and revisions to the insurance-related practice notes to incorporate changes arising from the Insurance (Financial and Other Requirements for Licensed Insurance Broker Companies) Rules issued by the Insurance Authority which came into operation on 23 Sept.

IASB podcast

The September IASB podcast begins with a summary by the Chairman of the Board on recent stakeholder events, including the World Standard-setters Conference and the recent meeting of the IFRS Advisory Council. Key developments and events that took place during September and decisions made were also discussed.

September IFRS Interpretations Committee podcast

This quarterly podcast reports discussions on relevant activities and developments between June and September 2019. The podcast includes summaries of two agenda decisions relating to hedge accounting and disclosure of financial liabilities and five tentative agenda decisions relating to IFRS 15, IFRS 16, IAS 21, IAS 29 and hyperinflation.

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.

Bridge gathering

The bridge gathering on 23 Oct, 19 Nov and 18 Dec are now open for enrolment. Furnish your skills by joining the practice session.


Hurry up and register by 11 Oct for the golf tournament on 24 Oct.

Don’t forget to sign up for the sports and recreation night at The Grand Stage on 31 Oct to celebrate the achievements of our CPA sports stars.

Participate in the tennis fun day cum mini tournament on 24 Nov at Shek Kip Mei to explore the fun and gain match experience.


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