Qualification Programme (QP)
Yes, the new QP comprises three progressive levels with 14 modules and a Capstone, i.e. Associate Level (10 modules), Professional Level (four modules) and Capstone Level.
The key features of the new QP are summarized as follows:
(a)
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Comprise three progressive levels with 14 modules and a Capstone, i.e. Associate Level (10 modules), Professional Level (four modules) and Capstone Level. |
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(b)
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Adopt the CPA Competence Blueprint which sets out the competence requirements and learning outcomes for the three tenets of the qualification framework, i.e. pre-entry education, professional programme, and practical experience. |
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(c)
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Set the entry requirement of an academic qualification of higher diploma/ associate degree in any discipline pitched at the Hong Kong Qualifications Framework Level 4 for entry into the Associate Level. |
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(d)
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Exempt the Associate Modules to individuals with a relevant academic qualification subject to the assessment outcome with a charge of exemption fees. Students will be awarded a Certificate of Completion upon successful completion of the Associate Level. |
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(e)
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Introduce an integrated Capstone comprising three-day workshops and the Final Examination with an increased emphasis on developing and assessing higher-order enabling skills such as problem solving, critical and lateral thinking to enhance students' ability to identify complex problems including aspects of ethical dilemma and to develop professional solutions. |
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(f)
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Extend the practical experience to cover six broad areas of technical competence where students can choose a wider variety of work environments to achieve competence for the CPA qualification. |
Individuals who would like to become a registered student should fulfill the following registration requirements:
(a) They are aged 16 or above;
(b) They are of good character; and
(c) They have attained the academic qualification of Higher Diploma or Associate Degree at Hong Kong Qualifications Framework ("QF") Level 4 or above (or equivalent) from an institution recognised by the Institute.
Subject to the institute's qualification assessment, completion of academic qualification of Higher Diploma or Advanced Diploma at QF Level 4 or above (or equivalent) from institutions recognised by the institute are eligible for exemption of the first five modules of the Associate Level (i.e. Modules 1 to 5) whilst completion of a recognised degree programme at QF Level 5 or above (or equivalent) would qualify for exemption of Modules 6 to 10 of the Associate Level.
Application for module exemption has to be submitted in one go. No subsequent application based on the same qualification(s) would be accepted.
Category of programmes |
Maximum number of Associate Module exemption entitled |
Degree |
10 (Module 1 - Module 10) |
Conversion Programme |
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Hong Kong Sub-degree |
5 (Module 1-Module 5) |
The workshops in the new QP will be configured into a format of 8 workshops, one at the introduction to the Professional Level, one for each Professional Module and three for the Capstone.
For the Professional Level, no aggregate mark policy applies for workshops and examinations. Workshop and examination for each module are separately assessed.
For the Capstone Level, aggregate mark policy applies for workshops and the Final Examination. Students are required to meet the overall assessment of the three full-day workshops and the Final Examination.
Under the cross-credit arrangement, the pass that students have obtained for a module under the current QP will be deemed to be a pass for the corresponding module of the new QP. QP students who have passed the technical workshops but not the examination of the remaining module(s) of the current QP will not be required to attend the workshop of the corresponding Professional Module(s) of the new QP.
Yes, completion of the Introductory Workshop is a pre-requisite to start the Professional Modules. Students who failed / absent / deferred from the Introductory Workshop are not allowed to take the Professional Level Examination.
Yes, students must complete the Capstone within 10 years from the date of first registration as a QP student. Those who fail to do so will be removed from the student register, and all previous examination pass results will be permanently removed. For the module exemptions previously granted, they can only be retained provided that the students register again as a QP student within two years from the date of removal.
Students can login to the QPLC – Student Supports section
The Institute has prepared a series of Module Preparation Seminars (MPS) and Examination Techniques Seminars (ETS) on QP Professional Modules that aim at helping student to reinforce understanding on major or difficult topics and to polish your examination techniques.
The Institute's service counter:
Weekdays: 9:00 a.m. - 6:00 p.m.
Saturdays: 9:00 a.m. - noon
Sundays and public holidays: Closed
The Institute's library:Weekdays: 9:00 a.m. - 7:00 p.m.
Saturdays: 9:00 a.m. - noon
Sundays and public holidays: Closed
The revised PE Framework was launched in December 2022. The key changes to the revised PE Framework are summarized as follows:
- The minimum time requirement is three years for approved degree holders or graduates from the Associate Level of the new QP, during which the total period of relevant experience is not less than 500 Working Days. A minimum of 75 Working Days is required in each of the four selected technical elements (out of 18). The time requirements, represented by Working Days, are measured based on the following criteria:
- QP students need to gain at least 130 Working Days of practical experience each year. A Working Day is considered to be eight working hours and working hours can be accumulated. The required Working Days allow a maximum of 40 hours of attendance at relevant training courses each year.
- Practical experience must be attained within 10 years prior to the date the QP student applies for HKICPA membership (i.e. 10-year Recency Rule).
- QP students need to gain at least 130 Working Days of practical experience each year. A Working Day is considered to be eight working hours and working hours can be accumulated. The required Working Days allow a maximum of 40 hours of attendance at relevant training courses each year.
- AE/ AS applicants need to carry out a self-assessment to assess their commitment to comply with the requirements under a strengthened Practical Experience Codes and Guidelines (hereinafter referred to as "Codes and Guidelines") prior to seeking authorization.
- The Institute's Assessors may conduct authorization visits for the new AE/ AS applicants. They will meet with the applicant's representatives and their staff to understand the training and development environment and assess whether the applicant complies with the principle of the Codes and Guidelines in all material aspects.
- The AE/ AS status, once granted, is valid for five years subject to an online annual monitoring. A visit will be conducted on a risk-based approach or as circumstances require. The AE/ AS needs to renew its status online every five years. Re-authorization visits will be carried out on a risk-based approach. The Institute may suspend or withdraw the AE/ AS status if there is any concern over their compliance with the Codes and Guidelines.
- Each AE needs to appoint a Member-In-Charge ("MIC") to assume the overall responsibility for supervising the training of QP students and confirm to the Institute that the QP students have attained the required competences. The MIC must meet certain qualifications and take up a series of responsibilities.
- Where the number of registered QP students under the AE is large, the MIC can appoint up to a maximum of five deputies. Deputies must meet the same set of criteria as required of a MIC.
- The MIC of an AE needs to assign a Counselor to each QP student. The Counselor of an AE must meet certain qualifications and take up a series of responsibilities. The Counselor to QP student ratio must not be more than 1:8.
- Where an AE is not available, a suitably qualified individual may be authorized by the Institute as an AS. The AS must meet certain qualifications and take up a series of responsibilities similar to a MIC.
- The arrangement of QP students trained by External Authorized Supervisors will be abolished.
- At the commencement of the Practical Experience Period, the AE/ AS and the QP student are required to enter into a Development Commitment setting out the expectations and responsibilities of all parties.
- The QP student should maintain online Training Records including a Reflective Statement for the Counselor/ AS to sign off each year.
- Counselor/ AS should carry out interim and annual review meetings with the QP student.
The AS should inform the Institute by applying for AS deregistration via the Practical Experience Online System.
Please note that each application for registration as an AS is supported by his/ her employing organization. If the AS has left his/ her employing organization, the AS registration will be terminated with immediate effect.
If he/ she wishes to provide training to the staff of his/ her new employing organization, he/ she should submit an online application for registration as an AE/ AS in the new employing organization.
The JES students will be eligible for cross-credit arrangement of the Associate Modules based upon the results obtained under the JES.
The mapping table of JES papers for QP admission is as follows:
JES Examination Paper
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Credit for QP Module
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1
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Accounting Framework
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1
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Accounting
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2
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Legal Framework
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10
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Business and Company Law
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3
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Management Information
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2 3 |
Management Accounting Business Economics |
4
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Organizational Framework
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4
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Business Management
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5
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Information Analysis
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5
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Information Management
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6
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Audit Framework
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8
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Principles of Auditing
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7
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Tax Framework
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9
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Principles of Taxation
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8
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Managerial Finance
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7 |
Financial Management |
9
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Information for Control and Decision Making |
JES students who have obtained exemption of Associate Modules 1 to 5 via cross-credit arrangement and have 5-year relevant work experience are also eligible to sit for the Gateway Examination.