LeftMenu

Search Under Focus areas

Focus areas

Under each of the 12 focus areas there are a number of key actions that will be undertaken to contribute to the goal of addressing and achieving the aims of the strategic themes. Council will be monitoring the progress against key actions. Examples of key actions under focus areas are shown below.

Council believes that the Strategic Plan 2025 will show the clear direction of the Institute’s continuing efforts to provide a relevant and achievable value proposition to its members and stakeholders. Guided by the strategic themes, the key actions under the focus areas will enable the Institute to continue to meet its objective of leading the development of the accounting profession in Hong Kong and serving the public interest.

Building capacity in sustainability

Key action items

	Key action items
1	Develop, enrich and deliver the Institute’s training curriculum to address the evolving needs of members and institute’s staff in Sustainability.
2	Support implementation of IFRS/HKFRS Sustainability Disclosure Standards (IFRS/HKFRS SDS) in HK.
3	Adopt the international sustainability assurance and ethics standards.
4	Advocate for sustainability assurance to be provided by CPAs.

Building public trust in accountants

Key action items

	Key action items
5	Articulate the ethical conduct, professional competence, and contribution of CPAs in public interest.
6	Enhance stakeholders’ recognition on the Institute’s work for members and the profession, the values of our qualification and standing of the profession through enhanced communications channels.
7	Engage key stakeholders to tell the stories and contributions of the Institute and the profession, and promote and recognise HKICPA as the trusted guardian of ethical accounting practices.

Interaction with the AFRC

Key action items

	Key action items
8	Enhance communication with AFRC to foster a more effective relationship.

Upholding the calibre of CPAs

Key action items

	Key action items
9	Strengthen technical support on the application of standards.
10	Develop and maintain local standards/pronouncements addressing local needs.

Emphasizing ethics and integrity

Key action item

	Key action items
11	Monitor and strengthen the CPD requirements and CPD compliance audit procedures.
12	Review the existing ethics training program and enrich training options.
13	Update AML guideline and keep members informed the latest update and requirements.

HKICPA international presence and recognition

Key action item

	Key action items
14	Bring Hong Kong aspects into international standard setting. Engage with local stakeholders and participate in key regional and international forums.
15	Explore potential for more cooperation/reciprocity arrangements with other regional and international parties.

Attracting and retaining talent

Key action items

	Key action items
16	Promote the value proposition of Accounting profession and QP as the programme of choice for a career in both practice and business.
17	Offer mid-way completion certificate (i.e. interim qualifications / IQ) to QP students by recognition of partial completion of QP for improving employability of QP students.

Advocating a multi-disciplinary profession

Key action items

	Key action items
18	Support for members’ growth and professional development needs of different specialty interest groups and age groups.
19	Strengthen public policy research work and advocacy.

Embracing digitalization and technology

Key action items

	Key action items
20	Promote and support members on their digitalization journey.
21	Formulate plan and implement computer-based examinations and increase digital adoption on the overall CPA Qualifying Process.

Member development and engagement

Key action items

	Key action items
22	Enhance member experience in the Institute’s CPD services.
23	Ensure sufficiency of CPD training coverage on technical and key topics.
24	Strengthen the members relations and extend reach across segments through various initiatives and events.
25	Enhance member engagement via Sports and Recreation (S&R) activities.

Mainland China and GBA opportunities

Key action items

	Key action items
26	Strengthen stakeholder engagement to build trust and promote opportunities for members.
27	Strengthen brand promotion and awareness in Mainland.

Institute governance and operations

Key action items

	Key action items
28	Ensure governance structure is effective.
29	Ensure financial viability of the Institute.

Total: Bookmarks

Bookmark(s) Click icon to add bookmark(s) to my profile

User Profile Bookmark(s)

Total: Bookmarks

Click icon to add bookmark(s) to my profile

Bookmark(s)

User Profile Bookmark(s)

Focus areas