The development of virtual banks has pushed Hong Kong into a new era of financial innovation. A panel of industry experts discuss the potential costs and benefits at the Institute’s annual PAIB Conference. Anthony Chan reports. In May, the Hong Kong Monetary Authority (HKMA) prompted headlines like “A new era of smart banking in Hong… Read More Banking on innovation
KK So, Partner, Tax Services, and Asia Pacific Real Estate Tax Leader at PwC Hong Kong, tells Nicky Burridge about his international career, changes driving the industry and why he sees a future of more corporate tax specialists. For KK So, one of the most memorable moments of his career is turning up to sit… Read More The tax man
The Chairman of the Professional Accountants in Business Committee on how the framework can help CPAs in business and employers adapt to the evolving role of finance functions. As a professional accountant in business (PAIB) for over 20 years, I’ve experienced the profession’s changing roles and responsibilities. While in the past, accounting professionals were responsible… Read More How to make use of the Hong Kong Institute of CPAs’ Professional Development Framework for PAIBs
K.M. Wong Chairman of the Institute’s Professional Development Committee Artificial intelligence (AI) is expected to bring tremendous change to people’s lives. Though it has helped in the role of accountants for many years, recent advancements in the technology have made that more obvious. For example, optical character recognition has been used for quite some time… Read More Second opinions: what will AI bring to the role of an accountant?
A look at how cross-border corporate social responsibility will affect transfer pricing policies in multiple locations. Debates surrounding the legal, social, political, economic and ethical responsibility of corporations can be dated back to the 18th century when Adam Smith wrote the Theory of Moral Sentiments and Lectures on Jurisprudence. The ethical influence of globalization continues… Read More Cross-cultural CSR complicates cross-border transactions for MNEs
Margaret W.S. Chan, the Institute’s new Chief Executive and Registrar, spent the first few months on the job talking to people about the challenges of the profession. She tells Jemelyn Yadao how now is the time to take action in areas such as strengthening the value proposition of the profession, energizing members in nurturing and… Read More Communicating the future