Home' A Plus Magazine : October 2013 Contents 4 October 2013
About 200 accounting professionals attended the Cross-straits, Hong Kong and
Macau Accounting Profession Conference 2013 last month.
An 18-person delegation from the Institute, led by the president, Susanna
Chiu, headed to Xining, Qinghai province, for the 8-9 September event.
The theme of this year’s conference was “culture and branding” and the three
subthemes were “brand building,” “international networking” and “enhance-
ment of cooperation.”
China’s assistant finance minister Yu Weiping delivered opening remarks to
encourage further collaboration in the fields of accounting culture and branding
of the accountancy profession.
Senior accounting professionals from the Mainland, Taiwan, Hong Kong and
Macau also made speeches at the conference, sharing their experiences about
the marketing of individual accounting firms and the profession in general and the
development of global networks as well as opportunities for cross-boundary and
This was the eighth edition of the conference, which concluded with a resolu-
tion to convene next year’s meeting in Macau.
The conference was presided over by Chen Yugui, v ice president and
secretar y-general of the Chinese Institute of CPAs.
addresses branding issues
Delegates gather in Qinghai for annual event
Disciplinary findings (continued)
Ho Chun Shing, CPA (practising) and CCIF
Complaint: Failure or neglect to observe, main-
tain or otherwise apply section 100 Introduction
and Fundamental Principles and section 130
Professional Competence and Due Care of the
Code of Ethics for Professional Accountants.
Ho is one of the practising directors of the
corporate practice. The Institute received in-
formation from the Financial Reporting Council
about alleged deficiencies in certain audit areas
in relation to an audit of a listed company by the
corporate practice. Ho signed the relevant audit
report on behalf of the corporate practice. After
considering the information available, the Insti-
tute lodged complaints against the respondents
under section 34(1)(a)(vi) of the Professional Ac-
Decision and reasons: Ho and the corporate
practice were reprimanded and each of them
was ordered to pay to the Institute a penalty of
HK$60,000. In addition, Ho and the corporate
practice were also ordered to pay HK$1,030,000
towards the costs of the disciplinary proceed-
ings. When making its decision, the Disciplinary
Committee took into consideration the particu-
lars in support of the complaints, the nature of
breaches and opinions of expert witnesses on
technical accounting and auditing matters.
Chung Wai Shun, Wilson, CPA (practising)
Complaint: Refusal or neglect to comply with a
direction lawfully given to him by the Council un-
der section 18B of the Professional Accountants
Chung is a practising member of the Institute.
In March 2011, the Institute received information
from a third party alleging improprieties in pro-
fessional services undertaken by Chung for a pri-
vate company. He failed to respond adequately
to the enquiries made by the Institute’s compli-
ance department. The Council issued a direction
to Chung under section 18B of the Professional
Accountants Ordinance on 16 February 2012,
requiring him to provide an explanation to the
Institute on certain matters pertaining to the al-
leged improprieties. Chung failed to provide the
explanation. After considering the information
available, the Institute lodged a complaint against
Chung under section 34(1)(a)(ix) of the ordinance.
Decision and reasons: Chung’s name was removed from the register for a
period of six months with effect from 13 September.
The Disciplinary Committee had originally made an order to reprimand
Chung conditional upon him providing to the Institute, within 30 days, certain
outstanding information pertaining to the third party’s complaint. Upon
Chung’s default in fulfilling the condition, the reprimand was replaced with a
sanction of removal pursuant to the committee’s order.
Chung was also ordered to pay to the Institute a penalty of HK$80,000 and
the costs of the disciplinar y proceedings of HK$78,116.
In making its order, the Disciplinary Committee noted the difficulty that the
Institute and the committee had had in contacting Chung and getting him to
respond, and that he was not forthwith in cooperating with the Institute. The
committee considered that this is a serious case of failure to comply with a Coun-
cil direction, while noting on the other hand that Chung had not been found to
have committed misconduct before and had admitted to the complaint.
Details of the disciplinar y findings are available at the Institute’s website:
w w w.hkicpa.org.hk .
The Institute notes with regret the passing of Laurence Gerald Chung.
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