This month at the Institute (24 September 2020)

New video introduction to the Strategic Plan 2020-2022

Watch the new video introduction to the Institute’s Strategic Plan 2020-2022 featuring Institute President Johnson Kong and Chief Executive & Registrar Margaret Chan to learn about the strategic objectives and related initiatives set out in the plan.

Announcements

December 2020 Session of the QP

The Institute has announced the refined contingency plan for the December 2020 Session of the Qualification Programme (QP). The Final Examination will be held on 22 Nov while the Module Examinations (Modules A-D) will be held on 28 and 29 Dec. The decision was taken after gauging views of QP students and thorough deliberations.

To assist students, the Institute will provide additional support, including organizing a series of free module preparation and examination technique seminars. A new online portal for the examinations has also been launched to provide the latest information on the examinations and workshops, frequently asked questions and enquiry information, as well as links to study materials and webcasted seminars.

Membership renewal for 2021

The 2021 renewal notice will be emailed to members and practice units in mid-November. Members are required to pay their annual fee and submit their CPD declaration to renew their membership for 2021. If necessary, update your contact details here or opt in for hardcopy renewal notice by 31 Oct. Click here for more details.

Practice units will also only receive a hardcopy renewal notice on request. Click here for more details or opt in here by 31 Oct.

Institute updates

HKICPA Trust Fund

The HKICPA Trust Fund provides assistance to those experiencing severe financial hardship. Assistance is available to members and the dependents of people who were members when they died. Since February, the requirement to complete a full application form is lifted. Applications will be determined on a case-by-case basis by the fund’s trustees.

CPD Support Programme

The Institute’s Support Programme offers 5% of the seats at continuing professional development (CPD) events free of charge to members who are unemployed or who are not working and planning to rejoin the workforce. Both webinars and face-to-face events are covered by the Support Programme, with eligible events indicated in the event list.

Counter services and library facilities have resumed normal operating hours

With the easing of COVID-19 restrictions, the Institute’s counter services and library facilities have resumed their normal operating hours. Visit the COVID-19 – CPA Information Centre for the latest information on the Institute’s services as well as the latest from the government and professional bodies during the pandemic.

AML/CTF regulation

The Institute is the regulatory body of accounting professionals, defined as certified public accountants and practice units, concerning anti-money laundering and counter-terrorist financing (AML/CTF) compliance. This regulatory activity is targeted at those who provide by way of business professional services to clients. In order to enhance the risk-based supervision of accounting professionals, the Institute is carrying out a questionnaire and proposing revisions to the Code of Ethics.

Questionnaire

All members (both non-practising CPAs and practising CPAs) and other practice units (i.e. CPA firms, and corporate practices) are requested to complete a questionnaire on AML/CTF compliance as part of the 2021 membership renewal exercise. The information collected will enable the Institute to develop money laundering and terrorist financing risk assessments and enhance its supervisory plan in relation to AML/CTF compliance by accounting professionals. Visit the questionnaire webpage for more information.

Consultation extension for Exposure Draft of Chapter G of the Code of Ethics

The Institute has extended the comment deadline for Exposure Draft of Code of Ethics for Professional Accountants – Chapter G Section 100 Professional Ethics Relevant to Anti-Money Laundering and Counter-Terrorist Financing Compliance for Accounting Professionals until 20 Oct.

Council meeting minutes

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

New publication

A Plus – Special report on restructuring and insolvency practitioners

The August issue of A Plus finds out how restructuring and insolvency practitioners are dealing with more complex companies, and why rescuing them requires much more than just insolvency know-how, but a true strength of character. Other articles include interviews with Terry Kan, Chairman of the Institute's Restructuring and Insolvency Faculty Executive Committee; Kitty Fung, CFO at the West Kowloon Cultural District Authority; and three CPA writers.

Install the HKICPA Events app

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