This month at the Institute (29 July 2021)

Dedicated webpage and survey on the Further Reform of Regulatory Regime of Accounting Profession

The Institute has set up a webpage on the Further Reform of Regulatory Regime of Accounting Profession, which brings together relevant information to help members understand the proposals and the potential consequences for the Institute and its members.

A survey has also been developed to gauge the views of members and registered Qualification Programme students about the Reform proposals so that we can effectively represent them when commenting on the draft legislation and discussing transitional arrangements. Complete the survey by 4 August.

Announcements

2021 Honours List

The Institute sends its heartiest congratulations to the following past and current Council members, and members who received honours from the HKSAR Government for their distinguished service. Congratulations to past Council lay member Chow Chung Kong (Grand Bauhinia Medal); Ex-officio Council member Charlix Wong (Silver Bauhinia Star); Institute members Chan Ngai Sang, Kenny, Ho Jock Chu, and Ayesha Macpherson (Bronze Bauhinia Star); and Past President Wilson Fung and member Wong Hin Wing, Simon (Medal of Honour).

Tokyo 2020 Olympic medallists

The Institute sends its warmest congratulations to Hong Kong’s two Olympic medallists, gold medal winning fencer Cheung Ka-long and silver medal winning swimmer Siobhan Haughey, daughter of Institute members Darach Haughey and Canjo Leung.

New publication

A Plus – Testing times

The June issue of A Plus features Stephen Lo FCPA, CFO of Prenetics, on how his CPA knowledge has helped to grow the business of a diagnostics and genetics testing company. Other articles include experts from the Best Corporate Governance Awards' Organizing Committee and Review Panel on why ESG is now at the heart of every successful organization; the challenges and benefits small and medium practices face during their digital transformation journey; and interviews with Barry Melancon, CEO of the American Institute of Certified Professional Accountants, and CPA Virtual Run 2021 winners.

Institute updates

Best Corporate Governance and ESG Awards 2021 invites entries

The revamped Best Corporate Governance and ESG Awards, previously known as Best Corporate Governance Awards, are now open for entry.

The revamped Awards aims to reflect the increasing importance of environmental, social and governance (ESG) reporting, and to encourage companies and organizations to integrate the oversight and implementation of their corporate governance and ESG, as well as uplift the standards of disclosure and practices in both areas. The Awards are open for entry until 9 August.

Capstone of the QP

The Capstone of the Qualification Programme (QP) will be held for the first time this coming December examination session. Ahead of the enrolment deadline, a new webpage has been launched and information brochure published. Look out for more about the Capstone in the next few weeks.

Subscription to Accounting Yearbook of China 2020

Council meeting minutes

The Accounting Yearbook of China 2020 is now available for subscription until 13 August.

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

Recently qualified members, join the ICAEW at a special rate

Members who qualified through the Qualification Programme in or after 2012 can apply to join the Institute of Chartered Accountants in England and Wales (ICAEW) at a special rate. Find out more about the scheme here. Enquiries: ICAEW Hong Kong office - tel. no. 3653 7015; email yamen.cheung@icaew.com

Industry updates

Financial Industry Recruitment Scheme for Young Graduates

The Financial Industry Recruitment Scheme for young graduates (YOUTH), as an extension of the Financial Industry Recruitment Scheme for Tomorrow (FIRST) launched last year, is now open for applications.

YOUTH allows eligible employers to apply for a subsidy to employ up to two university graduates of 2019 to 2021. CPA firms and corporate practices registered with the Institute are eligible to apply for a HK$10,000 salary subsidy per month for 12 months for each eligible new hire. Visit the scheme's webpage for details.

Navigating the reporting landscape

With the awareness of environmental and social issues increasing, sustainability reporting is shaping the future of business reporting. To help finance professionals stay updated, the Prince’s Accounting for Sustainability Project’s Accounting Bodies Network (ABN), of which the Institute is a member, has published Navigating the Reporting Landscape. The guide sets out how the corporate reporting landscape is changing, and how these developments are impacting the role of the accountant.

Achieving net zero

Achieving net zero greenhouse gas emissions in an organization will rely on the knowledge, skills and processes inherent within the finance function. Finance professionals are well placed to develop pathways to achieve net zero, setting interim targets, allocating funds, reporting progress and integrating net zero into decision making processes over time. The Prince’s Accounting for Sustainability Project (A4S) has developed guidance to share the practical steps that finance teams can take to support their organization to progress towards net zero emissions.

Hong Kong Corporate Governance Excellence Awards 2021

The Chamber of Hong Kong Listed Companies is inviting public nominations for the Hong Kong Corporate Governance Excellence Awards by 31 August.

IFPHK Financial Education Leadership Awards 2021

The Financial Education Leadership Awards 2021 organized by the Institute of Financial Planners of Hong Kong (IFPHK) is open for applications until 30 September.

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