Issue no. 790 (14 May 2020)
  Dear members/member practices,  

Free webinar: Strategy for applying for
D-Biz funding


The Institute is pleased to invite the Hong Kong Productivity Council to offer an exclusive free webinar for Institute members on 22 May. The webinar will cover the Distance Business (D-Biz) Programme and its application process. Register now to learn about how companies can utilize innovative technology to develop their remote business operations and navigate the challenges of the COVID-19 pandemic.


Revamp of the Institute’s newsletters

To better connect with and inform members, students and other stakeholders, we are updating our newsletters and email templates. The first of which, CPD Highlights, was went out yesterday. Over the coming weeks, e-circular, TechWatch, CPD Planner and Lifestyle will be replaced with newly-designed and themed newsletters. After the roll out, we will ask for feedback and enhancements will be made.

Strategic Succession Series: International trust structures
Enrol in the webinar on 29 May to learn about the common usage, unique functions, the strengths and weaknesses of different types of trust structures. The issues, concerns and procedures in setting up family trusts and how to operate them will also be discussed.

Recent developments on cross-border insolvency assistance, schemes of arrangement and the interaction between arbitration and insolvency
At the lunch webinar on 1 June, the speaker will talk about cross-border insolvency assistance, schemes of arrangement and the interaction between arbitration and insolvency, and make reference to some notable court cases.

Prepare for the PRC CPA exam
Last chance to order the study materials for the 2020 PRC CPA Uniform Examination on 11 Oct (comprehensive phase) and 17-18 Oct (professional phase). Complete and return the subscription form by 20 May.


Don't miss the webinar on 8 June to understand the investment philosophy of Warren Buffett and gain insights on the Warren Buffett-style of investing during the
COVID-19 pandemic.

INED Essentials Training Program - M6: INED essentials revision & assessment
Organized by the Hong Kong Independent Non-Executive Director Association, the final class of the INED Essentials Training Program on 21 May will cover a revision of independent non-executive director (INED) knowledge learnt and INED essentials assessment. Register online and gain 2.5 CPD hours.

ICAEW membership for younger members offer
The Institute of Chartered Accountants in England and Wales (ICAEW) is inviting Institute members who are graduates of the Qualification Programme and who joined the Institute after 2011 to apply for ICAEW membership at a special rate. Find out about the eight reasons to join ICAEW - and begin the application process.
HKAAA membership 2020
Remember to apply or renew your Hong Kong Amateur Athletic Association (HKAAA) membership for 2020 (and affiliate with your Institute membership) before 31 May to enjoy priority entry for the Standard Chartered Hong Kong Marathon 2021.
Institute's comments

The Institute has submitted comments on the IASB’s Exposure Draft ED/2020/2 Covid-19-Related Rent Concessions – Proposed amendment to IFRS 16.

Letter from ORO regarding impact of COVID-19

The Institute has received a letter from the Official Receiver’s Office (ORO) targeting insolvency practitioners. The letter advises on actions that should be taken where insolvency practitioners may face difficulty in complying with specified timelines or other requirements due to the impact of the COVID-19 pandemic. It also encourages them to exercise professional judgement in relation to the use of flexibility in administering cases.

April IFRIC Update

The April 2020 IFRS Interpretations Committee Update is now available.

AML - United Nations sanctions

The updated list of individuals and entities was published on 12 May pursuant to section 31 of the United Nations (Democratic People's Republic of Korea) Regulation. Visit the Institute's anti-money laundering dedicated webpage for further information.

New merchandise discounts

The Institute is pleased to offer new discounts covering various sectors, including publications, healthcare, and wine and dine. Click here for the full list of offers. We hope you take advantage of these specially-arranged discounts.


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.