Annual report highlights Hong Kong innovation
The Institute’s 2017 annual report, which is available on the Institute’s website, features Hong Kong’s innovation industry as a theme. It is inspired by the reality of technological disruptions, such as artificial intelligence, big data and Internet of Things, which are reshaping the accounting profession and the city’s business landscape.
The report includes a photo essay featuring various Hong Kong companies and individuals embracing fresh ideas, as well as short stories on how Institute members are contributing during these innovative times.
The Institute’s 45th annual general meeting (AGM) will take place on 14 December, where the full Council election results will be announced. After the AGM, the new president and vice presidents will be elected at a special Council meeting. More information relating to the AGM, including the AGM booklet with summary financial statements, is available on the Institute’s website.
Mentorship programme 2018-19 now open for applications
Members who are interested in being mentors or mentees can now apply to join the Institute’s 2018-19 mentorship programme. The mentor-mentee cycle will begin on 1 April 2018 and lasts for one year.
Now in its fourth year, the programme reflects the Institute’s on-going focus to prepare members for the future. It provides an opportunity for young members to learn from their seniors for the purpose of their career development through regular consultation and experience sharing.
In response to members’ feedback, the admission criteria of mentees will be broadened to include members with four to six years of post-qualification experiences (PQE). Previously, it was up to three years of PQE.
Members looking to become mentors must have seven years or more PQE and be enthusiastic about nurturing young accountants. Those who are interested in experiencing the benefits of a mentor-mentee relationship should register online by 31 December. Visit the mentorship programme webpage for further details.
Views on CPA life wanted
The Institute is currently conducting its fifth membership survey to gain further insight into the professional lives of members. The survey seeks input in the areas of employment prospects, CPA qualification and earning power. Taking the responses into account, the Institute will be able to better support members’ career advancement, and make strategic action plans to attract and retain the best talent in the profession.
Survey participants can register for a lucky draw for the chance to win prizes, including a camera, Apple watch or iPad. The survey, which takes a few minutes to complete, ends on 15 December.
If you have any problems with the survey, please send an email to email@example.com.
Tam Tak Kuen, Alfred, CPA (practising)
Complaint: Failure or neglect to observe, maintain or otherwise apply professional standards issued by the Institute and being guilty of professional misconduct.
Tam is the sole proprietor of Alfred T.K. Tam & Co. (“Practice”) and is responsible for the Practice’s quality control system. While carrying out a practice review, the reviewer found that the Practice failed to establish, maintain and document an effective system of quality control. In addition, Tam was found to have provided false or misleading answers and/or furnished information recklessly in the electronic practice review self-assessment questionnaire which was submitted to the reviewer.
Decisions and reasons: The practising certificate issued to Tam is to be cancelled with effect from 21 November and no practising certificate shall be issued to him for two years. In addition, Tam was reprimanded and ordered to pay a penalty of HK$50,000 and costs of disciplinary proceedings of HK$51,628. When making its decision, the Disciplinary Committee took into consideration the particulars in support of the complaint, the parties' submissions, and the conduct of Tam throughout the proceedings.
Details of the disciplinary findings are available at the Institute’s website: www.hkicpa.org.hk