Issue no. 765 (1 November 2019)
  Dear members/member practices,  

A Plus – The new chief


The October issue of A Plus features Margaret W.S. Chan, the Institute’s new Chief Executive and Registrar, on her mission to create a more engaging Institute for all groups of members. Other articles include industry expert’s views on virtual banking from the Institute’s PAIB Conference 2019; the future of farming and the opportunities for CPAs; and interviews with the Financial Controller of Charming Holidays and CPA retirees.

Free CPD: Members' Forum available online

The Members’ Forum held in September is now available as a free online programme, to give members access to the forum's presentation and other materials more conveniently. A short survey is also built into the programme to collect members' feedback about the services and support provided by the Institute. Click here for the Chief Executive & Registrar’s email to all members on the subject. One CPD hour will be awarded after completion of the programme and the survey.

Annual Dinner’s early bird rate extended

The early bird discount of table reservation for the Institute’s Annual Dinner has been extended to 8 Nov. Make sure to book your seat(s) to experience a magical evening of live entertainment, dining and an inspirational programme on 2 Dec at the Hong Kong Convention and Exhibition Centre. Consider sponsoring a table or donating lucky draw / table prizes to enrich this fun-filled evening for your fellow members.


How to decide whether it's CPD

Seminars, conferences and online courses are acceptable as continuing professional development (CPD) activities. When choosing courses, think about whether they contribute to the development of professional competencies relevant to your work. Visit the CPD learning resource centre for various courses and learn more about CPD requirements.

Council meeting minutes

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

From conventional structured financing products to virtual banking

The case studies workshop on 8 Nov will focus on the basic structure and application of some conventional structured financing products, and the likely changes virtual banking will bring.

SMP networks and associations
At the seminar on 11 Nov, the speaker will share her experience in expanding small- and medium- sized practices’ (SMP) business outside Hong Kong, which is critical to keep long-term business growth in the unstable economy.

ITIG visit to Cyberport
Register for the Information Technology Interest Group visit to Cyberport on 15 Nov to get updates on the latest developments of the Cyberport, learn more about start-ups from the sharing session, as well as enjoy the tour to the Smart-Space FinTech co-working space, Entrepreneurs Centre and Smart Living Concept Store.

Overview of the listing rules – listing rules compliance
Join the three sessions in November and December to gain knowledge about compliance with the listing rules and related issues. The speakers will walk attendees through practical examples, case studies, company announcement samples and tips for the relevant compliance issues under the listing rules, as well as the Securities and Futures Ordinance.

Subscribe for the 2020 issues of the Chinese Certified Public Accountant, China Taxation and International Taxation in China by 7 Nov.

Enrol in the seminar on 8 Nov to learn the essence of storytelling for effective business communication, rapport building and stakeholders’ decision making.

Sign up for the two-day programme “From CPA to CPA Plus” in November to establish your business engineering mindset and framework and learn how to give professional management opinions and advice.

Join the FSIG lunch seminar on 15 Nov to know more about the “new era of smart banking”, the impact of virtual banking on Hong Kong’s banking industry, as well as the global virtual banking landscape.

Register for the Young Members Conference on 23 Nov to learn how to advance your career and skill-sets, and to network with speakers, recruitment consultants and your fellow young members.

Hong Kong FinTech Week 2019
Hong Kong FinTech Week 2019 will take place from 4 to 8 Nov to spotlight the latest fintech developments in Hong Kong. The event will bring together thousands executives, entrepreneurs, investors and regulators from China, Asia and across the world. Register now to enjoy a 15% discount by using the discount code "HKICPA15”.

2019 CUHK Conference on Financial Technology
Join the free conference on financial technology organized by the Faculty of Engineering of The Chinese University of Hong Kong (CUHK) on 4 Nov to hear from the academia and industry professionals on the topic “When Wall Street met Main Street – Real vs Virtual Economy”.

Hurry up and register for the swimming classes on every Tuesday and Thursday between November and January.

Sign up for the November bridge gathering by 14 Nov to practise your skills with fellow members.

Don’t miss the singing technique classes or the stage performance technique class in November to improve your vocal skill and build up confidence on stage.

Members' Handbook update

Update No. 233 contains amendments to Statement 1.500 Continuing Professional Development (Revised October 2019) as a result of the International Education Standard 7, Continuing Professional Development (Revised) issued in December 2018.

Institute report on business combinations under common control published

The Institute’s Standard Setting Department has published Common Control Combinations – How They Were Reported in Hong Kong. The study documents how business combinations under common control in Hong Kong listed companies were reported and whether the accounting method used was influenced by the specific characteristics of the combinations. It also analyses when and how companies applied the predecessor method and what information was disclosed.

IAASB’s Professional Skepticism Communique

The International Auditing and Assurance Standards Board (IAASB) publishes its third Professional Skepticism Communiqué. This communiqué is part of a series from the IAASB Professional Skepticism Working Group that provides update to stakeholders on the IAASB’s efforts to appropriately reflect professional skepticism in its standards. The publication also includes other relevant news and information and recent activities related to professional skepticism.

October IASB update

The October 2019 IASB Update is now available.

AML notice – United Nations sanctions

The following United Nations sanctions were published on 25 Oct:

Gazettal of the United Nations Sanctions (Democratic Republic of the Congo) Regulation 2019

Gazettal of the United Nations Sanctions (South Sudan) Regulation 2019

Lists of individuals and entities pursuant to the United Nations Sanctions (Democratic Republic of the Congo) Regulation 2019

Lists of individuals and entities pursuant to the United Nations Sanctions (South Sudan) Regulation 2019

For further information, visit the Institute's dedicated webpage.


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