Issue no. 744 (6 June 2019)
  Dear members/member practices,  
  IASB board member gives a seminar on IFRS standards for SMEs  

Last Friday, Darrel Scott, International Accounting Standards Board (IASB) member and chairman of the IASB's SME Implementation Group shared with attendees the background, current status and next steps of two IASB projects, the 2019 comprehensive review of the IFRS for SMEs standard, and the new "Subsidiaries that are SMEs" project.


  Council meeting minutes  

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


Investor relations for listed companies

The workshop on 14 June will cover the goals and objectives of investor relations, key concerns of investors and current issues that are vital to investor relations.

Soft Skills Series
Enrol in the Soft Skills Series from June to September to equip yourself with different types of soft skills to help you further your business development or career advancement.

Open-ended fund companies - A new corporate fund regime in Hong Kong
Attend the seminar on 19 July to learn about the open-ended funded companies (OFC) regime, which will come into effect on 30 July. It will focus on the requirements in relation to OFC auditors and financial reports, as well as the opportunities presented by the regime to the fund industry and professionals.

Fintech Series – Cybersecurity and Data Protection
The new Fintech Series – Cybersecurity and Data Protection will introduce the latest technology and solutions to handle cybersecurity issues and protect data, and identify the relevant law and regulations that organizations should pay attention to.

Last call to submit application for the Financial Controllership Programme 2019 to develop competencies expected of a skilled financial controller. Register now to join the information session on 11 June and find out more about the programme.

Don't miss the free seminar on 14 June to learn to identify the signs and symptoms of stress, and to implement various stress management measures.

Last chance to enrol in the workshop on 15 June to understand more about commercial lending through real-life cases.

Sign up for the CFIG seminar on 17 June to learn about Hong Kong initial public offering structures and GEM placing guideline.

Attend the forensics lunch seminar on 18 June to learn how to manage threats in the uncertain global economic climate.

Badminton winners
Congratulations to the top winners of the CPA badminton championship on 3 June: Lawrence Li and Tong Chi Long (men's doubles); Fiona Ching and Janelle Wu (women's doubles); and Joyce Kwong and Wyatt Yeung (mixed doubles). Click to see results and photos.

Singing technique classes

Enrol in a singing technique class starting in June to improve your vocal skill for singing pop songs.

Snooker league

Join the Snooker League to compete with fellow snooker enthusiasts on 13 July. Don't miss this opportunity for a mixed league where male and female players will compete against each other.

IFRS 3 Business Combinations

The IASB has published IASB Exposure Draft ED/2019/3 Reference to the Conceptual Framework (Proposed amendments to IFRS 3) to update a reference to the Conceptual Framework for Financial Reporting without changing the accounting requirements for business combinations. The Institute is inviting comments on this proposal.

May IASB podcast

The podcast from the May 2019 IASB meeting is now available.

DIPN 23 (revised)

The Inland Revenue Department issued the Departmental Interpretation and Practice Notes No. 23 (Revised) to reflect changes brought about by various legislative amendments concerning Mandatory Provident Fund schemes and set out the Department’s revised assessing practice relating to defined benefit schemes.

Convenience with eTax

Consider filing your tax return through the IRD's eTAX to enjoy personalized online tax services. To save paper, you can select to receive electronic notices and documents.

AML notices - United Nations sanctions

The following United Nations sanctions were published on 31 May.

Gazettal of the United Nations Sanctions (Central African Republic) Regulation 2019.

List of persons and entities pursuant to section 32 of the United Nations Sanctions (Central Africa Republic) Regulation 2019 (Cap. 537CH).

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

HKAAA membership

Remember to apply or renew your Hong Kong Amateur Athletic Association membership for 2019 (and affiliate with your Institute membership) by the end of June to enjoy priority entry for the Standard Chartered Hong Kong Marathon 2020.


Quick links:

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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

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