Home' A Plus Magazine : August 2016 Contents News
Membership survey results show
expectations of young members and
aspiration to develop broader skills
The Institute has completed its 2016
membership survey, which was designed
to understand how the latest professional
and economic trends can be harnessed
to serve members’ evolving needs more
effectively, and improve the overall Hong
Kong accounting profession.
The third annual membership survey
was conducted from 1 to 16 March and
more than 3,600 responses were received.
It collected insight from members on
key areas such as work-life balance,
professional development, top-of-mind
business issues, the expectations toward
the Institute’s services, and more. Of
the respondents, 27 percent worked for
CPA practices, including 7 percent who
worked at the Big Four, while 36 percent
worked for Hong Kong-listed entities or
In terms of membership demographics,
65 percent of participants were under 45,
and slightly more than half were male.
The results indicated that members
currently serve the major industries that
constitute Hong Kong’s economic pil-
lars, as 28 percent said that they worked
in banking, capital markets and finan-
cial ser vices sectors, while 12 percent,
11 percent and 11 percent worked in
retail and wholesale; construction, prop-
erty and real estate; and manufacturing
and engineering sectors respectively.
More than 70 percent of respondents
were responsible for managing staff,
with 39 percent of them overseeing more
than five people.
Many respondents were in leader-
ship positions, including 10 percent who
worked in practices as partner, director
or sole proprietor, of whom just under
half said they would recruit additional
staff in the next 12 months.
Another 28 percent who worked
in business described their job title as
president, CEO, owner, CFO, financial
controller, vice president, director and
management, and 34 percent of business
leaders said they would add staff in the
next 12 months. This, however, is down
from the 2015 figure of 61 percent.
More than 50 percent said that they
view the economic environment over the
next 18 months as uncertain.
A higher proportion of young people
(under 30) worked in firms (32 percent)
than in business (15 percent). In addi-
tion, young members (under 35) made
up the majority (53 percent) of those who
said they foresee themselves looking
for a new job within the next 12 months.
Similarly, most of those who said that
they plan to move out of a CPA firm were
When asked what the best part of their
job was, 40 percent of respondents said
“problem-solving,” followed by “making
strategic recommendations” (18 percent)
and “collaborating with others” (15
percent). The top four skills for current
jobs, according to participants, were
analytical (20 percent), problem-solving
(19 percent), communication (13 percent)
and technical skills (11 percent).
Members’ preference for more diversi-
fied and accessible training was ref lected
as 41 percent requested access to more
online resources in accounting and finan-
cial reporting, and 21 percent said they
would like more support to develop skills
in new and non-traditional CPA roles.
LegCo election forum kick-off
The two candidates for the upcoming
LegCo accountancy functional constitu-
ency election, Leung Kai-cheong Kenneth
(candidate no. 1) and Chen Yung-ngai
Kenneth (candidate no. 2), will present
their platforms and answer members’
questions at a forum on 26 August. A live
webcast will be available.
Seminar focuses on Mainland
enterprises “going out”
The Institute has partnered with the
Hong Kong Chinese Enterprises Asso-
ciation on a joint seminar taking place
on 30 August to explain to members the
challenges and business opportunities
facing Mainland enterprises under the
Belt and Road initiative.
The Institute notes with regret the pass-
ing away of Tse Yuk-kuen, Raymond.
41 percent requested
access to more
in accounting and
4 August 2016
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