Home' A Plus Magazine : September 2013 Contents 4 September 2013
More than 300 members
attended the Institute’s
first-ever career confer-
ence on 31 August. The
conference, which was or-
ganized as part of the com-
memoration of the 40th
anniversary of the Insti-
tute, was set up to provide
members with insights
on career advancement
through the involvement
of panellists and speakers sharing their personal development experiences.
A series of workshops led by members of the 25.35 young members leader-
ship panel and other experienced speakers took place during the afternoon
and covered career development in professional firms, corporate finance and
investment banking, career development in China and the transition from being
a professional accountant in practice to a professional accountant in business.
The panellists and speakers who took part in the event included Susanna
Chui, the Institute president, George Hongchoy, executive director and chief
executive officer at The Link Management, Philip Tsai, audit partner at Deloitte
Touche Tohmatsu and a former Institute president, and Clara Chin, finance
director at the Hospital Authority.
Also during the event, Raphael Ding, the Institute’s chief executive and regis-
trar, announced the launch of HKICPA Source, a new accounting and finance job
listings website to ser ve CPAs and recruiters. Companies looking to hire CPAs for
their businesses are welcome to use this new job posting service for free. HKICPA
Source, which replaces the A-list website, will be updated regularly.
Experts share their insights
at inaugural career meeting
New recruitment website is launched
Executive programme to provide
an understanding of role as INED
Leung Sze-chit, CPA
Complaint: Failure or neglect to observe, maintain
or otherwise apply section 100 Introduction and
Fundamental Principles and section 150 Profes-
sional Behaviour of the Code of Ethics for Profes-
Leung was a senior manager of a CPA firm and
was in charge of the audit work in connection with
the global offering of a company. The Institute
received information from the Independent Com-
mission Against Corruption about Leung’s failure
to report to the management of the CPA firm or
other appropriate authorities that he had received
monies of HK$300,000 and HK$100,000, for him-
self and his immediate subordinate, respectively,
from a consultant engaged by the company.
Leung also denied knowledge of anyone from
the CPA firm receiving money from the company
when that was in fact, untrue. After considering the
information available, the Institute lodged a com-
plaint against Leung under section 34(1A) of the
Professional Accountants Ordinance.
Decision and reasons: Leung was reprimanded
and ordered to pay to the Institute penalties total-
ling HK$10,001. Leung was also ordered to pay
HK$21,606 towards the costs of the disciplinary
proceedings. When making its decision, the Disci-
plinary Committee took into consideration the par-
ticulars in support of the complaint, the nature of
the breaches and the conduct of Leung throughout
Details of the disciplinary findings are available at
the Institute’s website: www.hkicpa.org.hk .
Members urged to focus on
compliance, meet department
Members are invited to attend the compliance de-
partment forum: Think compliance on 9 October.
The event will include a Q&A session with staff of
the Institute’s compliance department.
Institute accepting entrants
for insolvency programme
The Institute’s professional diploma in insolvency
programme 2013-14 will start on 28 September.
This one-year programme aims to provide mem-
bers with an integrated study of different aspects
of insolvency administration, such as liquidation.
The executive programme on independent non-executive director practices
is scheduled to start on 5 October. Organized with the Hong Kong Institute
of Directors, it will provide members with an understanding of the roles and
responsibilities of INEDs.
An Institute member who ser ves as an INED is required to exercise care,
skill and due diligence in connection with board practices, as well as to ensure
equality of treatment for all shareholders.
Speakers taking part in the sessions include Randy Hung, executive
director and chief financial officer at China Fiber Optic Network System
Group, Albert Lam, a partner at P.C . Woo & Co., Edward Chow, executive
chairman at China Infrastructure Group Holdings and a former president of
the Institute, and Ronald Chung, managing partner at Equity Consulting.
Raphael Ding speaking at the Institute’s
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