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Issue no. 763 (17 October 2019)
  Dear members/member practices,  

Annual Dinner 2019


The Institute's Annual Dinner will take place on 2 Dec at the Hong Kong Convention and Exhibition Centre. This year’s theme, “Together We Shine”, represents the Institute’s commitment to nurture the new generation of accountants who are the pillars of Hong Kong and also the future leaders. Book by 25 Oct to enjoy the early bird discount. Become a supporter of the event as a sponsor, or donate lucky draw prizes.

Membership renewal for 2020

The 2020 renewal notice will be emailed to members and CPA practices in mid-November. While the 2020 member annual fee will be waived in full for members whose names were on the register at 31 Dec 2017, members will still need to submit their continuing professional development (CPD) declaration to renew their membership. If necessary, update your contact details here or opt in for hardcopy renewal notice latest by 31 Oct. Click here for more details.

CPA practices will also only receive a hardcopy renewal notice on request. Click here for more details or opt in here.


CPD compliance for the period ending 30 Nov

Due to the recent situation in Hong Kong, certain face-to-face CPD events have been cancelled. Members can take e-learning courses to meet the CPD requirements. If there is a shortfall in the required CPD hours, members can apply for extension. Click here for more details.

Subscription to Mainland accounting and tax journals

The 2020 issues of the Chinese Certified Public Accountant, China Taxation and International Taxation in China are available for subscription until 7 Nov.

Annual auditing update 2019: Risk and quality management
The conference on 26 Oct at Ritz-Carlton Hong Kong will provide an update on the International Auditing and Assurance Standards Board’s key projects, and cover topics on technology and audit, and maintaining the professional performance of accountants.

Workshops for listing on HKEX (Part 1): Session 2 & Session 3
Join the morning session of workshops on 26 Oct to gain knowledge on the common Hong Kong legal issues for listing on the Hong Kong Stock Exchange (HKEX), and the afternoon session to gain insights on the financial performance and management team consideration for listing.

The challenge and advancement of treasury management: Treasury challenges in Asia
Enrol in the seminar on 30 Oct to understand the liquidity constraints in Asian countries and how to implement cash pooling in Asia.

Commercial Lending Series – Understanding facility letter and term sheets for accountants
The case studies workshop on 6 Nov will examine the key terms and conditions in a bank's facility letter and term sheet. The three types of covenant and events of default will also be discussed.

Soft Skills Series – The art of storytelling for effective business communication
Attend the seminar on 8 Nov to learn how to use business stories to connect, capture attention and inspire stakeholders for rapport building and decision making.

FSIG lunch seminar – Virtual banking in Hong Kong
The FSIG lunch seminar on 15 Nov will give an overview of the “new era of smart banking” advocated by the Hong Kong Monetary Authority, and discuss the impact of virtual banking on Hong Kong’s banking industry and the global virtual banking landscape.

Join the lunch seminar on 30 Oct to gain knowledge of the principles and practices in tracing assets, as well as the role of forensic accountants in the process.
Singing technique classes

Enrol in the singing technique classes starting in November 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.


Last chance to sign up for the October bridge gathering by 20 Oct to practise your skills with fellow members.

HKFRS 15: Sharing application experience

Join the workshops on 13 Nov and 16 Dec on HKFRS 15 Revenue from Contracts with Customers to hear common examples of applying the standard, including misconceptions or misapplications.

HKAS36: How to apply and practical issues

At the workshop on 22 Nov, the speaker will provide a brief recap of the key concepts of accounting for impairment and the disclosure requirements of HKAS 36 Impairment of Assets, and discuss some commonly-identified errors in the application of the standard through the use of real-life cases, as well as tips on impairment assessment.


Don’t miss the workshop on 29 Oct for non-life insurers to develop working knowledge of the general insurance of IFRS/HKFRS 17 Insurance Contracts.

Attend the seminar on 5 Nov for the regulatory and tax update relating to investment funds industry.

AML notice – United Nations sanctions

The updated list of individuals and entities was published on 14 Oct pursuant to the decisions of the Security Council 1267/1989/2253 Committee. Details of one entry on the ISIL (Da’esh) and Al-Qaida sanctions list were amended. For details, please refer to the press release issued by the United Nations Security Council Committee. Visit the Institute's dedicated webpage for further information.

Recruitment of running teams

To support the Hong Kong Youth Hostels Association, the Institute is sponsoring two corporate teams to join the Ngong Ping Charity Walk on 12 Jan 2020 at Lantau Island. Complete the electronic reply slip by 29 Oct if you are interested to represent the Institute. The races will be very demanding and challenging. Interested members should consider carefully before putting your name forward.


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