|
|
|
This month at the Institute (20 October 2022)
|
|
|
|
 |
|
Redefining our role for the profession
|
|
A new chapter has begun for the Institute as it looks to reach new heights in its redefined role. From 1 October 2022 onwards, the Institute’s former regulatory roles have been formally transferred to the Accounting and Financial Reporting Council. Nevertheless, the Institute will continue to shoulder the responsibility of registering CPAs, the training and development of the accounting profession in Hong Kong through the Qualification Programme (QP) and continuing professional development programmes, as well as the crucial role of setting professional standards and supporting our members. The Institute’s website has been updated to reflect the changes of its functions.
As we are entering the annual renewal cycle, members should visit the updated “Membership” section to be aware of any updates to the timeline and requirements with regards to the upcoming 2023 membership renewal.
Read the Message from the President for details.
|
|
|
|
|
|
|
|
|
Mandatory CPD requirements
|
|
Members are required to complete 120 hours of continuing professional development (CPD) in a 3-year rolling period, of which 60 hours must be verifiable; and at least 20 hours of relevant professional development activity in each year. Click to learn more about CPD requirements and relevant FAQs.
|
 |
|
|
|
|
Upcoming launch of the Institute's revised Practical Experience Framework
|
|
The Institute’s revised Practical Experience Framework (PEF) will be launched in December 2022, introducing a one-stop online system for registration, updates and renewals for Authorized Employers/Authorized Supervisors (AE/AS), and for reviewing and verifying QP students' practical experience. The revised PEF will provide AE/AS with flexibility in work arrangements for their QP students and enable transparent communication with the QP students via the brand new online system for reviewing their development progress.
With the launch of the revised PEF, a three-year transitional arrangement will be granted to existing QP students who have already started accumulating experience to have sufficient time to continue to attain the practical experience under the current framework. Stay tuned to the Institute’s website and various channels for further information about the revised PEF in the coming weeks.
|
|
|
|
|
|
 |
|
A Plus – The talent challenge
|
|
The September issue of A Plus looks at what companies can do to attract and retain staff, as well as what employees expect in the post-pandemic normal. Other articles include tax experts from this year’s Annual Taxation Conference on Hong Kong’s foreign-sourced income exemption regime and taxation in the digital space; as well as interviews with Ricky Chu, Chairperson of the Equal Opportunities Commission and ethnic minority CPAs.
|
|
|
|
A Plus is going full digital
|
|
As announced in June, the magazine has shifted fully online starting from the September 2022 issue as part of the Institute’s commitment to net zero carbon emissions. Members will continue to have full access to the magazine through the digital, pdf and flipbook versions with timely enhancements to the user interface. The magazine will also shift towards a quarterly publication schedule starting next year. The last monthly publication will be the October 2022 issue with the first quarterly issue coming in January 2023.
|
|
|
|
|
|
|
|
|
|
|
Annual Accounting Update 2022
|
|
|
|
|
Join the face-to-face conference organized for Professional Accountants in Business (PAIB) on 12 November, where three panels of respected speakers will discuss and share their insights on the latest trends and developments relating to the power of environmental, social and governance, and digital technologies to help evolve business and operating models in ways that positively impact the world and better meets corporates’ needs.
|
|
|
With the theme “A New Chapter for Corporate Reporting”, the virtual conference on 19 November will focus on the new initiatives started by the accounting profession to cater to the needs for a more sustainable future in corporate reporting. Topics include the standard setting function of the Institute and major standard setting projects in progress; the standards which will be effective in 2023 and 2024; application issues of Hong Kong Financial Reporting Standards 9, 15 and 16, and latest new developments in sustainability reporting.
|
|
|
|
|
Last call: Annual Auditing Update 2022
|
|
|
|
|
Don’t miss the virtual conference on 29 October to learn latest developments in auditing and ethical standards, including projects updates on International Auditing and Assurance Standards Board, and International Ethics Standards Board for Accountants, and local updates on ethics, as well as key changes and requirements of ISA 600 (Revised).
|
|
|
|
|
Subscription to Mainland accounting and tax journals
|
|
|
|
|
The 2023 issues of The Chinese Certified Public Accountant, China Taxation and International Taxation in China are available for subscription until 31 October 2022.
|
|
|
|
|
|
|
CA ANZ membership with full admission fee waiver
|
|
Institute members may apply for membership with Chartered Accountants Australia and New Zealand (CA ANZ) as a second qualification through the Global Accounting Alliance special admission pathway, and enjoy a full waiver of the admission fee for the period of 15 September 2022 to 28 February 2023. If you are interested in applying, click here for further details and submission.
|
|
|
|
|
|
|
Latest offers of merchandise discounts
|
|
Enjoy exclusive offers and discounts for members from our Merchandise Discount Programme. Below are some of our latest offers:
|
|
|
|
|
Hong Kong Parkview
|
|
Special offer on the free experience day pass and discount for the platinum membership.
|
|
Somewhere
|
|
Special offers on co-working space rental fees.
|
|
|
|
|
Sports and recreational events
|
|
|
|
|
|
|
CPA Table Tennis Competition
|
|
Congratulations to the winners of the CPA Table Tennis Competition held on 25 September: Choy Hing Lam (men’s singles), Louisa Lam (women’s singles), Victor Chiu and Kelvin Chong (men’s doubles) and Lam Suk Ching and Louisa Lam (women’s doubles). Click to see full results and photos.
|
|
|
|
|
CPA Bridge Tournament
|
|
Congratulations to Andy Leung and Siu Wing Hay who won the CPA Bridge Tournament on 8 October. Lau Ka Ho and Yuen Wayne King, Viking placed second, and Lui Tat Ying and Tong Yat Chong placed third. Click to see full results and photos.
|
|
|
|
|
CPA Cup dragon boat race
|
|
The Institute's dragon boat team participated in the CPA Cup – National Day Celebration Dragon Boat Invitational Race 2022 on 9 October. Click to see full results and photos.
|
|
|
|
|
Other upcoming activities
|
|
|
|
|
|
|
|
|
Date: November - December
|
|
|
|
|
|
|
Date: November - December
|
|
|
Date: December - February
|
|
|
|
|
|
|
 
|
|
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
|
|
Copyright © 2022 Hong Kong Institute of CPAs. All rights reserved.
|
|
|
|
|
|
