Presented by : Ms. Winnie C.W. Cheung Chief Executive...

Cocktail Reception for New Members

Presented by : Ms. Winnie C.W. Cheung Chief Executive & Registrar 29/04/08

29 April 2005© Hong Kong Institute of Certified Public Accountants Ltd, 2005. All rights reserved.

1

Cocktail Reception for New Members

Ms. Winnie C.W. Cheung Chief Executive & Registrar

Hong Kong Institute of CPAs

§ Incorporated under the Professional Accountants Ordinance (Chapter 50, Laws of Hong Kong) on 1 January 1973

§ We have 27,298 members and 12,398 registered students as at 15 April 2008


2

Hong Kong Institute of CPAs

Incorporated under the Professional Accountants Ordinance (Chapter 50, Laws of Hong Kong) on

We have 27,298 members and 12,398 registered students as at 15 April 2008

HKICPA – The Accounting Profession

HKICPA Council

HKIAAT Board

100% Subsidiary


3

The Accounting Profession

Certified Public Accountants

§ 27,298 members § 12,398 registered students

Accounting Technicians

§ 1,641 members § 7,143 registered students

Our Roles § The only statutory licensing body of CPAs in Hong Kong responsible for the registration and regulation of the accountancy profession

Ø Organising professional examinations Ø Registration of CPAs and auditors Ø Setting codes of ethics, accounting and auditing and

assurance standards Ø Regulating the professional conduct and standards of

CPAs and auditors Ø Providing continuing professional education and

member service Ø Representing the interest of the Profession


4

statutory licensing body of CPAs in Hong Kong responsible for the registration and regulation of the accountancy profession

Organising professional examinations Registration of CPAs and auditors Setting codes of ethics, accounting and auditing and

Regulating the professional conduct and standards of

Providing continuing professional education and

Representing the interest of the Profession

Change

§ Name change (2004)

§ New Headquarter and Beijing office (2006)

§ New 5 Year Plan (2007)

§ Regulatory reform (2004


5

Name change (2004)

New Headquarter and Beijing office (2006)

New 5 Year Plan (2007)

Regulatory reform (2004 – 2007)

Membership Designation

§ CPA

§ FCPA

§ CPA (practising)


6

Membership Designation

Corporate Logo

The four distinctive wings four distinctive wings : symbolise “reaching for new heights in our success, balance, confidence and optimism.”

One wing of the logo is coloured in the red of Hong Kong’s bauhinia flag. This represents our vital role in society as the guardians of Hong Kong’s financial system.

The Success Ingredient 成功關鍵成就共見


7

symbolise “reaching for new heights in our success, balance,

One wing of the logo is coloured in the red of Hong Kong’s bauhinia flag. This represents our vital role in society as the guardians of Hong Kong’s financial system.

Offices: 1. Hong Kong

37 th and 27 th floor, Wu Chung House [50,000 sq.ft.]

2. Beijing Rooms 18141817, 18 No. 129, Gunwomen Oxidative Lichen District, Beijing, China. P.C.: 10031 [3,000 sq.ft.]


8

floor, Wu Chung House

1817, 18 th floor, Jinee Mansion, No. 129, Gunwomen Oxidative Lichen District, Beijing, China. P.C.: 10031

Our Vision

Our Mission

Our Strategic Goals

Our Action Plans

The Institute’s Fifth Long Range Plan


9

The Institute’s Fifth Long Range Plan

International Status

Member body/Founding member of


10

International Status

Member body/Founding member of

http://www.icaew.co.uk/

International Recognition

Australia §

Canada §

China §

New Zealand §

South Africa & Zimbabwe

§

United Kingdom § § §

USA §


11

International Recognition

§ ICAA § CPAA

§ CICA

§ CICPA

§ NZICA

§ SAICA § ICAZ

§ ICAEW § ICAI § ICAS

§ ACCA § CIMA

§ AICPA (in discussion)

Local affiliation


12

The Institute


13

The Institute

Structure of the Institute

Membership Admission/ Member Services Special Practices/ Student Education & Training

Functional Areas

Fulltime management 186 Staff

Council 23 members including 4 Government appointed members

and 2 exofficio members Carries out the objects of the Institute and oversees the

management and control of the Institute

NonStatutory Committees /

Working Groups (29)

Chief Executive & Registrar

Delegated day management from

the Council


14

Structure of the Institute

Regulatory Governance Standard Setting Communications Quality Assurance Operations & Finance Compliance

Functional Areas

time management 186 Staff

Council 23 members including 4 Government appointed members

officio members Carries out the objects of the Institute and oversees the

management and control of the Institute

hief Executive & Registrar

Delegated daytoday management from

the Council

Statutory Committees

(5)

Institute’s Fulltime Management Chief Executive & Registrar

Executive Directors

Department Heads • Admission • Member & Corporate Services • Specialist Practices • Student Education & Training • Standard Setting • Quality Assurance • Compliance • Communications • Operation & Finance


15

time Management Winnie C.W. Cheung

Georgina Chan Patricia McBride

Tracy Wong Patrick Tam Peter Tisman Jonathan Ng Steve Ong Chris Joy Philip Hilliard Mindee Hansen John Chiu

Financial Strength

Annual Income Group Institute

Net Assets Group Institute


16

Financial Strength

2007 HK$m

173 163

224 184

Membership


17

Membership

Membership Growth

371 2,453 6,767

0

5,000

10,000

15,000

20,000

25,000

30,000

1973 1983 1993 2003


18

21,835 26,070

2003 2006 2008

27,298 (as of 15 April 2008)

Practising vs Nonpractising

NonPC Holders 22,622 (86%)


19

practising

PC Holders 3,574 (14%)

Occupation

Public Practices 26%

Industry & Commerce

46%


20

Others 16%

Public Sector 5%

Education Services

2%

Retired or not specified

5%

Gender Distribution

0

2,000

4,000

6,000

8,000

10,000

12,000

14,000

16,000

2001 2002 2003

No. of m

embe

rs 62%

59% 57% 57%

38% 41%

43%


21

2004 2005 2006 2007 2008

Male Female

Year

57% 55%

43% 45%

(15 Apr)

46%

54% 46%

54%

46%

54%

Age Distribution

0

500

1,000

1,500

2,000

2,500

3,000

3,500

below

29

30 34

35 39

40 44

1,996

5,243 6,308


22

40 44

45 49

50 54

55 or above

Male

Female

1,718 1,963

3,980

6,090

Membership Rights & Obligation


23

Membership Rights & Obligation

Annual Renewal

Deadline 15 December each year § pay annual subscription § file CPD Declaration of compliance

Failure to do so will face the consequence of § Removal from members’ register § Nonrenewal of Practicing Certificate


24

Deadline 15 December each year

file CPD Declaration of compliance

Failure to do so will face the consequence of Removal from members’ register

renewal of Practicing Certificate

Observe Standards

§ Observe Members’ Handbook

§ Uphold the highest standard expected of a CPA by the public by keeping abreast of the latest Financial Reporting, audit assurance and ethical standards

§ Comply with CPD (Statement 1.500) period.


25

Observe Standards

Observe Members’ Handbook

Uphold the highest standard expected of a CPA by the public by keeping abreast of the latest Financial Reporting, audit assurance and ethical standards

Comply with CPD (Statement 1.500) – 120 hours over a 3 year

§ Professional Standards Monitoring Committee § Practice Review Committee § Investigation Committee § Disciplinary Committee § CPD compliance audit

From the Institute’s regulatory committees

Respond to Institute enquiries


26

Professional Standards Monitoring Committee Practice Review Committee Investigation Committee Disciplinary Committee CPD compliance audit

From the Institute’s regulatory committees

Respond to Institute enquiries

Voting rights

§ Council election

§ LegCo election (Accountancy Functional Constituency)

§ 20 Election Committee seats (Accountancy Subsector)


27

LegCo election (Accountancy Functional Constituency)

20 Election Committee seats (Accountancy Subsector)

Institute Journal – A Plus (Monthly)


28

A Plus (Monthly)

Weekly ecircular

News

TechWatch

CPD Online

Ambassadors

Students


29

My CPA – your personalized web


30

§ Online CPD and Institute’s other activities registrations

§ Online CPD attendance records

§ Online update of personal information

§ Online membership renewal

§ Online CPD Declaration

your personalized webpage

CPA Source – online career matching platform


31

line career matching platform

International / Mainland Support

§ GAA Passport member support in Australia, New Zealand, Canada, South Africa, UK and USA

§ IFAC.net

§ Beijing & Shanghai City Groups

§ China Desk – Shenzhen Institute of CPAs


32

International / Mainland Support

member support in Australia, New Zealand, Canada, South Africa, UK and USA

Beijing & Shanghai City Groups

Shenzhen Institute of CPAs

Technical Support

§ Members’ Handbook § Technical publications

§ Techwatch § Monographs § Guide to Quality Control § Audit Practice Manual

§ Technical enquiries service § A Plus Q&A section – Let’s get Technical § TUE § HKICPA Staff Summary of newly released standards,

Exposure Draft/ Discussion Papers § Web resources www.hkicpa.org.hk


33

Guide to Quality Control Audit Practice Manual

Technical enquiries service Let’s get Technical

HKICPA Staff Summary of newly released standards, Exposure Draft/ Discussion Papers Web resources www.hkicpa.org.hk

Average 20 submissions a year

Current : Liability Reform Listing Rules Consultation Health care Government budget Companies Ordinance re

Representation & Advocacy


34

Average 20 submissions a year

Listing Rules Consultation

Government budget Companies Ordinance rewrite

Representation & Advocacy

§ Best Corporate Governance Disclosure Awards (since 2000)

§ Corporate Governance Guides

§ IFAC, GAA joint projects

Thought Leadership


35

Best Corporate Governance Disclosure Awards (since 2000)

Corporate Governance Guides

Thought Leadership

CPD Activities in 2007

§ CPD seminars, workshops, Annual Update Conferences

§ eLearning programme offered


36

CPD Activities in 2007

CPD seminars, workshops, Annual Update Conferences 150

Learning programme offered 108

Professional Networking § Faculty

§ Restructuring and Insolvency

§ Interest Groups § Corporate Finance § Taxation § Financial Services § Information Technology § Property, Infrastructure and Construction § Mainland Business

§ Others § SMP § New practices § Young members § Goldies § PAIB


37

Professional Networking

Restructuring and Insolvency

Property, Infrastructure and Construction

Members’ Affinity

§ Affinity credit card (over 10,000 cards issued) § Merchandise discount (e.g. shopping, health & beauty,

travel & holidays, food & wine, books & magazines, household, insurance)

§ Professional publications discount § HKICPA PII Master Policy § HKICPA Trust Fund § HKICPA branded merchandises


38

Affinity credit card (over 10,000 cards issued) Merchandise discount (e.g. shopping, health & beauty, travel & holidays, food & wine, books & magazines, household, insurance) Professional publications discount HKICPA PII Master Policy

HKICPA branded merchandises

Facilities

§ Library facility

§ Function rooms for hire


39

Function rooms for hire

Social Networking

§ Sports & Leisure

§ Merry Mondays § Crossprofessional networking § Crossborder networking

Basketball Table Tennis Football Golf


40

professional networking border networking

Table Tennis Dragon Boat Bridge Sailing

Community Services § Accountant Ambassadors

(>900 as of 31 March 2008)

§ Charitable Fund

§ Community services and charity events “Rich Kid, Poor Kid” /

May Moon book series (started in July 2005 – reached over 15,000 kids so far)

Free advisory Educational support (e.g. Mentorship programmes with Caritas Hong Kong and Hong Kong

Youth Institute) Charity support (e.g. Walk Up Jardine House, MTR Race Walking, etc.)


41

Community services and charity events

reached over

Caritas Hong Kong and Hong Kong

RKPK secondary school road show

RKPK primary school storytelling session

Awards Won § Annual report 2005

HKMA Best Annual Reports Award, § Annual report 2006

U.S. Magnum Opus Awards Gold award, Best use of black and white photography

§ Healthy budgeting family debt programme Outstanding Partnership Project Award 2005/06

§ "Rich Kid, Poor Kid" Asia Pacific PR Awards 2007 § Top award, "Corporate the year" § Certificate of excellence


42

HKMA Best Annual Reports Award, Honourable mention

U.S. Magnum Opus Awards , Best use of black and white photography

Healthy budgeting family debt programme Outstanding Partnership Project Award 2005/06

Asia Pacific PR Awards 2007 , "Corporate social responsibility campaign of

Certificate of excellence, "Nonprofit campaign of the year"

Institute Annual Events § Annual Dinner

(3 December 2008)

§ National Day Celebration Dinner (23 September 2008)

§ New Members Cocktail Reception (29 April 2008)

§ Spring Cocktail Reception (26 February 2008)


43

Institute Annual Events Annual Dinner

National Day Celebration Dinner

New Members Cocktail Reception

Spring Cocktail Reception

Annual Dinner


44

Spring Cocktail


45

National Day


46



47


Basketball Competition


48

Football Competition


49

Football Competition

Golf Tournament


50

Table Tennis


51

Dragon Boat


52

Sailing


53

Bridge game


54

Contact Us § Email: [email protected]

§ Hotline (Quality Assurance): 2287 7850 § Hotline (CPD): 2529 9053 § Hotline (General Information): 2528 9000

§ Web: www.hkicpa.org.hk § Tel: 2287 7228 § Fax: 2865 6603 / 2865 6776


55

[email protected]

Hotline (Quality Assurance): 2287 7850 Hotline (CPD): 2529 9053 Hotline (General Information): 2528 9000

Web: www.hkicpa.org.hk

Fax: 2865 6603 / 2865 6776

mailto:[email protected]

Thank You!


56

Thank You!


57

Date post:	22-Aug-2020
Category:	Documents
Upload:	others
View:	4 times
Download:	0 times

Presented by : Ms. Winnie C.W. Cheung Chief Executive...

Documents