Issue no. 768 (21 November 2019)
  Dear members/member practices,  

Workshop for new auditors


This new tailor-made programme running from 19 to 21 Dec uses a mix of discussions, case studies and role-play to explain the core auditing concepts and practical skills essential for new auditors of financial statement audits.


How to apply for CPD exemption

Members who are not doing accountancy or related work, do not plan to do so for a significant period of time, and meet other requirements, may apply to the Institute for continuing professional development (CPD) exemption. Click to see Appendix of Statement 1.500 (July 2014) and CPD requirements to learn more.

How to use 7 simple questions to successfully lead the millennial generation
Sign up for the seminar on 3 Dec to learn how you can use coaching to lead the millennial generation with seven simple key questions, and inspire them to reach their full potential.

Early warning signals for Hong Kong listed companies from bankers’ perspectives
The second session of the case studies workshop on 5 Dec will analyse the key credit protective terms in loan facilities, as well as review the affirmative and negative undertakings, and Event of Default triggers. Various types of collaterals and their credit implications will also be discussed.

Updates on the individual income tax rebate policies in the GBA
The seminar on 6 Dec will cover the key highlights of the detailed implementation rules of nine Mainland Greater Bay Area (GBA) cities, how to handle the potential problems, corporate income tax implications and important points to note on employee assignments.

Understanding banking products – Syndicated loan
The case studies workshop on 13 Dec will focus on the requirements and procedures for arranging syndicated loans, as well as examine the distribution of works between arrangers in the syndicate and review the terms and conditions in the term sheet.

The Institute's Nomination Committee will soon begin considerations for co-option to the Council and appointment to the Institute’s committees for 2020. Click here for details and submit your nomination form by 25 Nov.

Join the lunch seminar on 28 Nov for practical experience sharing in carrying out corporate fraud enforcement work from a senior executive of the Securities and Futures Commission.

Enrol in the seminar on 5 Dec to understand the key component parts of establishing a risk management culture of CPA firms.

Don’t miss the visit to the West Kowloon Cultural District on 6 Dec to learn about the architectural and design features of its Freespace, Art Park and Xiqu Centre.

Attend the lunch seminar on 9 Dec to learn the emerging opportunities available for corporates in the GBA arising from the opening up of China’s capital markets.

Sign up for the Property, Infrastructure and Construction Interest Group cocktail reception on 10 Dec to learn how feng shui can improve the relationship between humans and the environment from a feng shui master, Dr Michael Chiang.

Institute's comments

The Institute has submitted comments on the IASB's Exposure Draft ED/2019/05 Deferred Tax related to Assets and Liabilities arising from a Single Transaction (Proposed amendments to IAS 12).

FRSC meeting minutes

Minutes of the 252nd meeting of the Financial Reporting Standards Committee are now available.

HKFRS 15: Sharing application experience

Join the workshop on 8 Jan to hear common examples of applying the HKFRS 15 Revenue from Contracts with Customers, including misconceptions or misapplications.

HKAS 36: How to apply and practical issues

This workshop on 13 Feb will discuss some commonly-identified errors in the application of HKAS 36 Impairment of Assets illustrated by real-life cases, and shares tips on impairment assessment. The key application and disclosure issues observed in practice will also be covered.

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.

HKAAA membership

Remember to apply or renew your membership of The Hong Kong Amateur Athletic Association (HKAAA) for 2020 (and affiliate with your Institute membership) before 30 May 2020 in order to enjoy priority entry for the Standard Chartered Hong Kong Marathon 2021.


Form your own team and compete in the bridge tournament team event on 8 Dec.

Last chance to join the CPA Table Tennis Competition on 8 and 15 Dec.


Quick links:

A Plus

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

For general enquiry regarding content of this circular, please call 2287-7228.


If you require any technical assistance on this transmission, please contact IT support team at 2287-7800 or

Your personal data collected from the enrolment process and administration of courses will be used for the purpose of the administration of the course on which you are enrolled. Such data collected may be accessible by the Institute's officers, persons or committees processing the application and related matters. In addition, the Institute may use the collected data for statistical research and analysis and, if applicable, for validation of CPD hours. The Institute intends to use the personal data of your name, email address and correspondence address to inform you, where relevant, of CPD activities, members' benefits, goods, services, facilities and events organized or provided by the Institute or other organizations. Members and registered students may opt out of receiving such materials at any time by logging in here. Non-members may opt out of receiving such materials at any time by sending an email to the Institute at or a letter to the Institute's privacy officer. For more information about the privacy policy of the Institute, please click here.

Some sections contain information from outside sources. We endeavour to link to reputable sources but the Institute is not responsible for the accuracy of the content and the content does not necessarily represent the views of the Institute.

This email together with the file(s) transmitted is intended solely for addressee(s) only and may contain confidential or privileged information. If you received this email in error, please contact the sender and delete it together with its attachment(s) from your computer(s). You should note that the views expressed in this email are those of the author and do not necessarily represent those of the Institute. The recipient should check this email and all attachments for the presence of virus. The Institute will not accept liability for any damage caused by any viruses transmitted with this email.