This month at the Institute (26 November 2020)

Council election

The Council election is an important exercise for the Institute. Exercise your right by selecting seven candidates to join the Council. Voting closes on 7 Dec. Members can cast their votes either by ballot paper OR by e-voting, but not both. Read the message from the Chief Executive & Registrar for more information.

Annual general meeting

The Institute's 48th annual general meeting (AGM) will take place on 10 Dec. This year, due to the COVID-19 pandemic, special arrangements with pre-registration and live streaming of the AGM have been made to ensure social distancing and safety of participants. For more information registration, submission of questions prior to the AGM, and the proxy form, please click here.

If you have forgotten your membership login ID or password, please follow the recovery steps detailed here.

Announcements

Membership renewal

Mandatory CPD requirements for 2021 membership renewal

The 2021 renewal notice was sent on 9 Nov. This year, the Council has granted one-off concessions, including waiving the capital levy. Members are required to file their annual return with continuing professional development (CPD) declaration by 15 Dec to renew their membership. Click here to renew or check the renewal status.

Members who joined the Institute before 1 Dec 2017 are required to complete 120 hours of CPD in the three years ending 30 Nov 2020, of which 60 hours must be verifiable. Members having difficulties in achieving the CPD requirements for their 2021 membership renewal may apply for an extension to make up for the shortfall in CPD hours. Click here for details.

AML Questionnaire

Members and practice units (i.e. non-practising certified public accountants (CPAs), practising CPAs, CPA firms and corporate practices) are requested to complete the AML Questionnaire.

The questionnaire is an important tool for the Institute to gather information on the nature and extent of professional services provided by its constituents for the purposes of assessing the ML/TF risks of the accounting profession. The questionnaire and supporting materials have been designed to make completion as easy as possible.

Completing the questionnaire is not mandatory but cooperation of members and practice units will be appreciated and will help the Institute to fulfill its regulatory responsibilities and to maintain Hong Kong's reputation as an international financial centre. Complete the questionnaire by 28 Dec.

Mentorship Programme 2021-22: Now accepting applications

Do you wish to inspire or be inspired? Join the Institute’s 2021-22 Mentorship Programme before 15 Jan 2021. Over 1,100 mentor-mentee pairs have been matched through the programme since 2015.

Members with less than seven years of post-qualification experience may apply to become a mentee, while those with seven or more years, a mentor. Visit the webpage to learn more about the programme and how it has helped both mentors and mentees.

New publications

COVID-19 PAIB survey report

A Plus – Embracing change

Compliance Department Operations Report

The Institute conducted a survey of professional accountants in business (PAIB) members, about the impact of the COVID-19 pandemic on their organizations and operations. The survey investigates how the pandemic posed impacts to organizations, how the business operations have changed, and the impact on the business policies.

The October issue of A Plus features Curtis Ng, Regional Tax Partner-in-Charge, Northern Region, KPMG China, on his work as a tax practitioner and relocating to Beijing. Other articles include the third of a series celebrating the Institute’s Best Corporate Governance Awards’ 20th anniversary, focusing on the adoption of sustainability practices in different organizations; a look at the state of blockchain for business today and current use cases; and interviews with Michael Teh, Financial Controller of Algorand Foundation; and three CPA snooker players.

The Institute’s Compliance Department has published its 2020 Operations Report, which outlines the department's key activities for the 18 months ended 30 Jun 2020. The report also features the process reviews of the department's operations carried out by the Regulatory Oversight Board.

Institute update

Financial tips from CPAs

In the Institute's new video series, young members of the Institute share financial tips. The first episode offers three simple tips to curb overspending habits. Watch now and share its smart spending tips with your family and friends.

Industry programmes

Equal Opportunity Employer Recognition Scheme

The Equal Opportunity Employer Recognition Scheme, launched by the Equal Opportunities Commission, recognizes companies and organizations that have excelled in the implementation of equal opportunity employment policies. Participation is free of charge and open until 31 Jan 2021. Visit the dedicated webpage for details.

WAM Pilot Programme

The Pilot Programme to Enhance Talent Training for the Asset and Wealth Management Sector (the WAM Pilot Programme), funded by the government, aims to facilitate the long-term sustainable development of the asset and wealth management sector.

Summer Internship Programme

Eligible firms and corporate practices registered with the Institute who participate in the Internship programme to offer meaningful WAM-related work assignments can be subsidized by up to 75% or HK$7,000 (whichever is lower) of the honorarium paid. Join the briefing sessions to learn more about the programme.

Financial Incentive Scheme for Professional Training

Full-time practitioners employed by eligible WAM companies can also apply for reimbursement of up to 80% of course fees upon satisfactory completion of an eligible course under the scheme, subject to a maximum of HK$10,000 per person.

Visit the dedicated webpage for details.

Install the HKICPA Events app

Disclaimer: Some sections contain information from outside sources. We endeavour to link to reputable sources but the Institute is not responsible for the accuracy of the content and the content does not necessarily represent the views of the Institute.

This email together with the file(s) transmitted is intended solely for addressee(s) only and may contain confidential or privileged information. If you received this email in error, please contact the sender and delete it together with its attachment(s) from your computer(s). You should note that the views expressed in this email are those of the author and do not necessarily represent those of the Institute. The recipient should check this email and all attachments for the presence of virus. The Institute will not accept liability for any damage caused by any viruses transmitted with this email.

Manage communication preferences | Privacy policy | Personal information | Contact us