This month at the Institute (25 March 2021)

One member one vote consultation

The consultation on the proposed framework for the one member one vote election of the President and Vice-Presidents began on 1 March. Visit the dedicated page for the message from the Leadership Team, the Council covering letter and the Consultation Paper. Comment via one of the channels detailed on the webpage, including a web questionnaire. Recordings of two briefing sessions on the consultation will be available soon. Visit the website for more details.

Announcements

CPA Virtual Run 2021 – Join now!

Start training for the Institute’s first virtual running event, CPA Virtual Run 2021. 10km races and 3km Fun Run are available for you no matter whether you are a record-breaker or a leisure runner, or like to run individually or in a team. Run whenever, wherever and with whomever you want. Upload your best running result on or before 16 May to obtain the finisher pack and other special awards.

Postponing the introduction of the four-attempt rule of the new QP

Having considered the impact of the COVID-19 pandemic on Qualification Programme (QP) students, the Institute decided to postpone the implementation of the four-attempt rule for both examinations and workshops until the June 2022 session. The number of Associate and Professional Levels attempts by QP students will be counted from the June 2022 Session onwards. For QP students who have commenced their Associate Level in December 2020 Session, any failed attempt(s) will not be counted.

Visit the new QP Information Portal for more information.

New publications

A Plus – Special report on the work and skills of valuations specialists

The February issue of A Plus looks at developments in the valuation industry and the impact of the new International Valuation Standards on the profession, as well as the skills and knowledge required to become a specialist. Other articles include interviews with Barry Dempsey, Chief Executive of Chartered Accountants Ireland; Eugene Liu, Managing Partner and Head of Consulting at RSM Hong Kong; and CPA bakers.

Taxation Faculty yearbook 2020, Preparing for a complex future

Members of the Institute’s Taxation Faculty regularly contribute articles on taxation related topics to A Plus. The articles from 2020 have been collected together in this new yearbook. The articles cover the wide range of areas, ranging from international taxation agreements, Hong Kong taxation developments, to Mainland China taxation.

Institute updates

In memory of Dudley Harding

The Institute mourns the passing of Dudley Harding, Past President of Council year 1993, who passed away on 6 March. May Dudley rest in peace and we express our condolences to his family.

HKICPA V-fair

The HKICPA V-fair returns for 2021. The interactive platform will be live on 17, 20 and 21 April, offering careers advice for aspiring accountants, including information on the QP, and advice on becoming CPAs.

Business Valuation Programme

The Institute is offering the brand new Business Valuation Programme from April to June in collaboration with Savills Valuation and Professional Services (S) Pte Ltd. The programme will cover business valuation essentials and techniques for transaction purposes, and valuation of various classes of assets and liabilities. Case studies will be used to strengthen the taught knowledge. Check out the flyer for more details and enrol now to boost your professional growth.

Minutes of Council meetings

The abridged minutes from the December (special), January and February (Strategy Day) Council meetings are now available for members to read. Click here and login to your account to view them.

Industry updates

FRC issues new report on listed entity audit market in Hong Kong

The Financial Reporting Council (FRC) recently issued its first policy and governance report, Overview of the Market for Listed Entity Audits in Hong Kong. The report provides high level insights into how competition operates in the market for listed entity audits in Hong Kong, including an analysis of the size and competitive structure of the market, the relative significance of non-audit to audit services provided to listed entities by their auditors and how these factors have developed from 2010 to 2019.

Application for FIRST reopens

HKIRA 7th Investor Relations Awards 2021

The Financial Industry Recruitment Scheme for Tomorrow (FIRST) is now reopened for application. CPA firms and corporate practices registered with the Institute are eligible to apply the scheme. Read the press release by the Hong Kong Services Development Council for more details.

The Hong Kong Investor Relations Association (HKIRA) is inviting public nominations for the Investor Relations Awards by 4 May.

Install the HKICPA Events app

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