This month at the Institute (30 July 2020)

Best Corporate Governance Awards 2020 invites entries

The Institute's BCGA are celebrating their 20th anniversary – and are open for entry. As the forerunner, the BCGA have promoted and highlighted the value of good governance, identified those listed companies and public sector organizations that represent best practices in Hong Kong, and encouraged others to follow suit over the years. The deadline for entries is 10 Aug.

Announcements

A fast track to attain the CIA designation

The Institute, in partnership with The Institute of Internal Auditor (IIA), is pleased to offer Institute members the 2020 CIA Challenge Exam - a fast track way to attain the globally recognized Certified Internal Auditor (CIA) designation. The application period is from 1 Aug until 30 Sept. Click here for further details.

The IDRP – A way of managing individual’s debt difficulties

The Interbank Debt Relief Plan (IDRP) promoted by the Consumer Credit Forum is of interest to highly indebted and financially distressed individuals who have a challenging time managing their financial difficulties. Members advising financially stressed individuals can share the following leaflet (English/Chinese) for more details. This is in line with the Institute’s guidance for businesses and individuals facing financial distress (English/Chinese).

Restriction on gatherings

The government has further extended the restrictions on gatherings. For the purpose of holding general meetings, groups are restricted to 20 persons. More information is available from the Companies Registry FAQs. For the latest information about the COVID-19 pandemic, visit the government’s webpage.

New publications

A Plus – Telling a better story

The June issue of A Plus features Charles Tilley, Chief Executive Officer of the International Integrated Reporting Council, on its revision of the International Integrated Reporting Framework. Other articles include the second of a series celebrating the Institute’s Best Corporate Governance Awards’ (BCGA) 20th anniversary, focusing on the best practices of public sector organizations; experts’ discussion on navigating China’s tax system from the Institute’s China Taxation Conference; and interviews with Simon Lee, Senior Lecturer at the Chinese University of Hong Kong, and three CPA home cooks.

Institute updates

Recruiting QP workshop facilitators

The Institute is now recruiting workshop facilitators for the new Qualification Programme (QP). Members are invited to join us in unlocking the potentials of future-ready accountants. The general requirements for facilitators are:

A minimum of four years' membership with the Institute
Holding or recently held a responsible position in a professional, business, government or academic organization
A working knowledge and demonstrated technical competence in the module subject matter
Good command of spoken English

Please click here for further details. For enquiries, please email workshopadmin@hkicpa.org.hk.

Renewal of mutual recognition agreements

The Institute's mutual recognition agreements (MRA) with the Association of Chartered Certified Accountants and CPA Australia have been renewed for five years. A new MRA with the United States has also been signed, and is effective from 1 July 2020 to 31 December 2022. Click here for more information about the Institute’s recognition of overseas bodies, including MRAs.

Updated Liquidation and Insolvency Guidance Notes

The revised Liquidation and Insolvency Guidance Notes (LIGNs), replacing the Insolvency Guidance Notes (see Volume I of the Institute’s Members' Handbook, Statements 1.600-1.603) have been published mainly to reflect changes in references after the introduction of the Companies Ordinance (Cap. 622) and associated changes to the Companies (Winding Up and Miscellaneous Provisions) Ordinance (Cap. 32). A clearer linkage is also provided to Chapter E Section 500 of the Code of Ethics for Professional Accountants, the statement of Professional Ethics in Liquidation and Insolvency.

Council meeting minutes

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

Install the HKICPA Events app

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