This month at the Institute (25 August 2022)

73rd National Day Celebration for the Accounting Profession

The commemoration of the National Day of the People’s Republic of China is an important annual event for the accounting profession in Hong Kong. To celebrate the 73rd National Day this year, the Institute is co-hosting a celebration with the Association of Hong Kong Accounting Advisors, Hong Kong Association of Registered Public Interest Entity Auditors Limited, Hong Kong Business Accountants Association and The Society of Chinese Accountants and Auditors.

In light of the current situation under the pandemic, no food or beverage will be provided during the celebration. Book your seat and subscribe for the newspaper supplement, or become a prize sponsor now.

Announcements

Membership renewal for 2023

The next date of expiry for CPA memberships with the Institute is on 31 December 2022. If you are a practising member, the renewal of your practising certificate, practice unit and registered PIE auditor registration (where applicable) with the Accounting and Financial Reporting Council (AFRC) (currently known as the Financial Reporting Council (FRC)) will be subject to the successful renewal of your membership with the Institute.

In order to allow more time for members who may need to complete the renewal procedures with the Institute before completing the renewal procedures with AFRC, the Institute will be allowing members to renew their membership beginning on 1 October. Members will thus be able to do so one month earlier than the usual practice.

To ensure that you are able to receive the annual renewal notice, please check and update your contact details in MyCPA on or before 9 September.

Click here for more details on registration and practising matters and the upcoming 2023 membership renewal.

2022 CIA Challenge Exam – A fast track to attain the CIA designation

The Institute, in partnership with The Institute of Internal Auditors, is pleased to offer to members the 2022 CIA Challenge Exam – a fast track way for Institute members to attain the globally recognized Certified Internal Auditor (CIA) designation. Application will be open from 1 to 30 September. Click here for further details.

New publication

A Plus – Unravelling a world wide web of lies

The July issue of A Plus looks at how cybercriminals are exploiting cryptocurrency to launder money and how businesses can identify suspicious transactions. Other articles include what key roles accountants can play in the surge in M&A activity in Hong Kong; and interviews with Gigi Chan CPA, Founder and Chief Executive Officer of Wonder Capital Group, and members of the Institute’s Sailing Interest Group.

A Plus revamp coming soon

Members are reminded that beginning with the September 2022 issue, A Plus will halt the production of physical copies, shifting fully online as part of the Institute’s commitment to net zero carbon emissions. Members will continue to have full access to the magazine through the digital, pdf and flipbook versions with timely enhancements to the user interface. The magazine will also shift towards a quarterly publication schedule starting next year. The last monthly publication will be the October 2022 issue with the first quarterly issue coming in January 2023.

Institute updates

Keeping CPD records and documentary evidence

Last call - Young Members Virtual Conference 2022

Members are reminded that they are required to keep their continuing professional development (CPD) records and documentary evidence of their verifiable CPD hours for a minimum of five years. Members selected for CPD compliance audit will need to produce the records and supporting documents to verify their CPD activities. Click here for details and other FAQs on CPD.

Don’t miss the virtual conference for young members on 3 September to find out more about the opportunities for young CPAs under the latest developments in the industry. The speakers will share their insights and experience, including how they can get involved in the sustainability and environmental, social and governance initiatives of their companies and organizations; the challenges and opportunities facing young accountants under the new digital economy amid growing influence of the metaverse and NFTs; the types of skillsets they should possess to be future-ready CPAs, and more.

Council meeting minutes

The abridged minutes from the July Council meeting are now available for members to read. Login to your member’s account to view them.

Other upcoming activities

Swimming classes

2nd Mini Bridge Tournament 2022

Latin/Ballroom Dance Class: Rumba - elementary

Date: 1 September to 29 November

– Class A (every Tuesday)
– Class B (every Thursday)

Date: 3 September

Date: September

A Cappella Singing Programme for Beginners

Singer Stage Performance Singing Class

Tennis training courses

Date: September to October

Date: September to December

Date: September

Industry updates

Free subscription to ICAEW’s International Standards

Institute members may subscribe to the Institute of Chartered Accountants in England and Wales (ICAEW)’s International Standards for free to access resources such as articles, webinars, emails highlighting technical and regulatory development, and advice on key issues. If you are not yet a subscriber, click here for further details and subscription.

Listed Enterprises of the Year 2022

Special rate to join the ICAEW for recently qualified members

Bloomberg Businessweek/Chinese Edition has announced that its Listed Enterprises of the Year 2022 awards are now open for nominations until 31 August. All listed companies are welcome to apply.

Members who qualified through the Qualification Programme in or after 2012 can apply to join the ICAEW at a special rate. Find out more about the scheme here. Enquiries: ICAEW Hong Kong office - tel. no. 3653 7015; email yamen.cheung@icaew.com

Install the HKICPA Events app

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