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

Fashioning global standards

Hong Kong’s policy of convergence with International Financial Reporting Standards brings with it a few misconceptions. Nicky Burridge finds out more about the significant role the Institute plays in helping to shape financial reporting standards and preparing stakeholders for their implementation. International Financial Reporting Standard (IFRS) 17 Insurance Contracts introduces significant changes to accounting for… Read More Fashioning global standards

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

Tax today: a global view

From the tax challenges of the digital revolution to international anti-avoidance tax measures. Tax leaders from global accounting bodies talk about critical tax issues currently on the minds of businesses, citizens and CPAs during a roundtable discussion hosted by A Plus. Business models and people’s lives are increasingly being transformed by digitalization – yet tax… Read More Tax today: a global view

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

Meet the SMPs

With Micro-, World Small and Medium-sized Enterprises Day on 27 June, Institute members tell Liana Cafolla what it’s like to play a big role in a small- and medium-sized firm. “Becoming an entrepreneur and setting up my own practice required a big mindset change,” says Wilson Ng, Co-founder of FastLane CPA and a member of… Read More Meet the SMPs

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

The enactment of economic substance legislation in no or only nominal tax jurisdictions

Gwenda Ho and Ricky Chow examine the economic substance legislation in the Cayman Islands and the British Virgin Islands and share their insights and other related observations. International efforts targeting tax neutral jurisdictions are nothing new. Indeed, the work leading to the latest enactment of the economic substance legislation by various jurisdictions dates back to… Read More The enactment of economic substance legislation in no or only nominal tax jurisdictions

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

How to migrate clients to the cloud

Kevin Fitzgerald, Xero’s Regional Director of Asia, on easing the transition to the cloud for both employees and clients. Cloud platforms and applications have become an integral part of the IT infrastructure of businesses around the world. As new technologies develop and deliver the sweeping digital transformation of industries, the prospect of greater revenue and… Read More How to migrate clients to the cloud

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

Keys to the world

Wong Wai Ming has helped to oversee Lenovo’s transformation from a local Chinese company to the largest computer supplier in the world. The Executive Vice President and Chief Financial Officer tells Nicky Burridge how he is leading the company through changes brought by the new economy, and how his accounting background still plays a pivotal… Read More Keys to the world