(c) Hong Kong Institute of Certified Public Accountants. Contact HKICPA for permission to reproduce this article., Financial Reporting

Steps towards BEPS

International organizations have long waged a campaign against tax base erosion and profit shifting. Hong Kong is part of the battlefront and, as A Plus reports, multinational corporations will have to prepare for BEPS requirements – by adapting to new rules or even by changing their business models. Hong Kong last month edged closer to… Read More Steps towards BEPS

(c) Hong Kong Institute of Certified Public Accountants. Contact HKICPA for permission to reproduce this article., Financial Services

Making Hong Kong the super-connector

China’s Belt and Road initiative is heavy on mega-projects, but Hong Kong is positioned to provide vital “soft” infrastructure such as corporate, financial, accounting and legal services as well as insurance, risk management, capital markets and trade assistance. George W. Russell finds out about possible opportunities for CPAs who think strategically about this US$900 billion… Read More Making Hong Kong the super-connector

(c) Hong Kong Institute of Certified Public Accountants. Contact HKICPA for permission to reproduce this article.

HKICPA Membership Survey Report

The Hong Kong Institute of CPAs has released the annual Membership Survey Report, which indicated members’ positive outlook on the accounting profession, as Hong Kong CPAs continue to enjoy favourable income and high levels of career mobility. The results also reaffirmed the issue of long working hours, and showed that the demand for accountants, especially… Read More HKICPA Membership Survey Report

(c) Hong Kong Institute of Certified Public Accountants. Contact HKICPA for permission to reproduce this article., Financial Reporting

Insurance brokers: Accounting for premiums receivable from policyholders

An insurance broker acts as the agent of policyholders or potential policyholders and is committed to provide its services in the policyholder’s best interest at all times. Insurance brokers assist policyholders with assessing their insurance needs, negotiating with insurers for better terms and premiums, or advising on matters related to insurance. In Hong Kong, an… Read More Insurance brokers: Accounting for premiums receivable from policyholders

(c) Hong Kong Institute of Certified Public Accountants. Contact HKICPA for permission to reproduce this article., Careers

A trusted voice

In December 2016, the European organization for accountants, auditors and advisors changed its name to Accountancy Europe, setting out its new philosophy highlighting that professional accountants make numbers work for people. President Edelfried Schneider tells Michelle Perry how the organization is supporting and advocating for a million professional accountants in Europe. Professor Edelfried Schneider is… Read More A trusted voice

(c) Hong Kong Institute of Certified Public Accountants. Contact HKICPA for permission to reproduce this article., Financial Reporting

Shaping the future of IFRS together

In the A Plus April 2016 issue, we provided an overview of what to expect from the International Accounting Standards Board’s Disclosure Initiative project. A lot has happened since then. Right now, possible changes to the way a company presents its financial performance, financial position, cash flow, equity and additional notes are being debated. All… Read More Shaping the future of IFRS together