This month at the Institute (23 December 2021)

New Council and leadership

Congratulations to the new Council and leadership for 2021-22. Ms. Loretta Fong was elected President and Mr. Roy Leung and Mr. Au Chun Hing, Edward as Vice Presidents. See the full list of Council members here.

Season’s greetings

Warmest wishes from the Hong Kong Institute of Certified Public Accountants.

Announcements

Annual report published

The Institute's 2021 annual report is available now. Themed “Together for the Profession”, the report celebrates some of the members who devote their time to supporting the profession and Hong Kong. The photo essays feature members involved in various Institute programmes. Read the report now.

New publications

ESG Assurance in Hong Kong: A snapshot of the situation

A Plus – Nurturing Trust

To understand the current situation with environmental, social and governance (ESG) assurance Hong Kong, the Institute conducted a brief research covering all the December year-end listed companies for 2020. The report reflects a snapshot of where Hong Kong listed companies stand at the present time with regard to ESG assurance.

The November issue of A Plus features Masahiko Tezuka, Chairman and President of the Japanese Institute of Certified Public Accountants on nurturing accountants to meet society’s needs. Other articles include speakers and panellists at this year’s IT Victual Conference on how businesses can harness digital solutions to succeed in this day and age; interviews with tax experts on the Inland Revenue Department’s e-Filing Project; how to make mentorship work in a hybrid world; and a look at the key role of the profession in climate-related reporting. Two new Q&As with a PAIP and a PAIB about their careers have also been introduced.

Institute updates

Take part in the Institute's ethics survey

The Institute is conducting a survey on ethical attitudes of professional accountants in Hong Kong. The survey also covers how the Code of Ethics for Professional Accountants contributes to their performance of professional activities. Take part in the survey by 17 January 2022.

Best Corporate Governance & ESG Awards

The flagship revamped Best Corporate Governance & ESG Awards presentation luncheon was held on 6 December with Dr. Kelvin Wong, Chairman of the Financial Reporting Council, as the guest of honour. 29 companies and organizations were recognized at the event, including 10 awardees in the inaugural Most Sustainable Companies/ Organizations Awards. Click here to see the full results, judges' report and press release.

Changes to the Qualification Programme

The Institute’s Qualification and Examinations Board has made three changes to the Qualification Programme (QP).

The four-attempt rule for the new QP will not be introduced. Students will be able to complete the examinations and workshops of the QP without any restriction on the number of attempts for each module. For more information, read the announcement sent to QP students.

The 5-year recency requirement for the purpose of obtaining module exemptions from the Associate Level will be removed. Students will be able to apply for module exemption based upon a qualification acquired from a tertiary institution recognized by the Institute without any restriction on the time the academic qualification was obtained.

Finally, the relevant papers passed in the professional examinations of the professional accountancy bodies recognized by the Institute can be accepted for module exemptions in the Associate Level. This arrangement only applies to the Associate Level modules 1 to 9. For details, click here.

The above revised policies will be effective from 1 January 2022 and applicable to the December 2022 Examination Session onwards.

Mentorship Programme 2022-23

Don’t miss the opportunity to learn from your seniors, or help the next generation to develop, through the Mentorship Programme!

The Mentorship Programme provides an invaluable opportunity for members to learn from one another. Members with less than seven years' post-qualification experience (PQE) are eligible to apply as a mentee, while members with PQE of seven years or more and who are enthusiastic about nurturing young accounting professionals are encouraged to join as mentors.

To learn how to make mentorship work in a hybrid world, read the recent A Plus article written by an experienced mentor. Register by 14 January 2022.

New seasonal mobile app sticker pack

Council meeting minutes

With Christmas nearing and New Year around the corner, it’s time to wrap up this year. Celebrate the festive season with a new batch of stickers from the Institute. These stickers are available on both Signal and WhatsApp. Download now.

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

Industry updates

Election results of the 2021 Legislative Council Election

Wong Chun Sek, Edmund has been elected to serve as a member of the Legislative Council for the accountancy functional constituency. His term of office will commence

1 January 2022. More details including the number of votes received by each candidate and the turnout rate are available from the official website of the 2021 Legislative Council Election.

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 2022
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. To learn more about the programme, read the programme guide or watch recorded video of the employer briefing session. Register by 14 January 2022.

Listed Enterprises of the Year 2021 results announcement

Results of the Listed Enterprises of the Year 2021 organized by Bloomberg Businessweek Chinese Edition were announced. Click here for details.

Install the HKICPA Events app

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