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Institute survey report highlights further need for ethics-related training and their familiarity with the Code. It can be found on the Institute’s website.
Non-renewal of MRA with IQAB
The current mutual recognition agreement (MRA) between the Institute and the United States International Qualifications Appraisal Board (IQAB) will expire on 31 December. Refer to the Institute’s website to learn more about the background and implications of the non-renewal of the MRA.
e-Manager discount
The results of the Institute’s ethics survey, which will be used by the Ethics Committee to inform and evolve the Institute’s ethics strategy and initiatives, is now available for members to read. The survey was conducted in 2021 to understand the ethical attitudes of professional accountants in Hong Kong and how the Code of Ethics for Professional Accountants (Revised) (the Code) contributes to their performance of professional activities. “The intention was for us to understand how the profession perceives the Code with regards to the relevant regulatory requirements. We were also interested to identify areas that have a higher risk of ethical non-compliance, as it helps us to focus any training we provide and any articles we issue,” Maria Xuereb CPA, 4 May 2022
Deputy Chair of the Ethics Committee, told A Plus in an ethics feature in the April 2022 issue. The survey found that 87 percent of respondents considered ethics to be very important in the accounting profession, and 70 percent of them believed ethics-related training should be included in mandatory continuing professional development for Institute members. However, despite the positive attitude towards ethics, less than half of all respondents (41 percent) undertook ethics-related training within the last year. Members can read the Ethics Survey 2021 report to find out more about the findings, including professional accountants’ perception of ethics, common ethical issues they face at work
The Institute is offering an exclusive 10 percent discount on 10 e-manager courses that have been curated to give members an edge as society gradually recovers from the latest COVID-19 outbreak. The courses cover interpersonal skills, business planning and strategy, and information technology competencies. This offer is available from now till August. Those interested must enrol by 31 August.
Council meeting minutes
The abridged minutes from the March and April Council meeting are now available in the “Members’ area” of the Institute’s website.
Annual meeting with the IRD
The annual meeting between representatives of the Institute’s Taxation Faculty Executive Committee and the Inland Revenue Department took place on 13 May. The meeting minutes of the meeting are available on the Institute’s website.
