Home' A Plus Magazine : December 2013 Contents Signing off on a
ime flies. My presidency will end
this month after the annual general
meeting. It has been a privilege to
serve our members over the past 12
months. This year marked a momentous milestone
for the Institute as it celebrated its 40th anniversary.
As President, I have been fortunate to be able to
learn from the examples set by my predecessors
and supported by our dedicated Vice Presidents,
Council and Committee Members and the capable
Chief Executive and Registrar and the committed
staff he leads. Thank you, all of you. Together, we
have achieved a lot for our members in 2013.
First and foremost, the audit regulation reform
has taken an important step following the issu-
ance of a member consultation in October. Since
then, we have been actively engaging members,
in particular key stakeholders including practis-
ing certificate holders, listed-company auditors,
small- and medium-sized practitioners and pro-
fessional accountants in business, to learn more
about their views so that we can incorporate them
in our final submission.
The consultation is a culmination of efforts
with the government and the Financial Reporting
Council since the Institute initiated the study in
2008 to enhance the independence of regulation
of listed-company auditors in Hong Kong. Your
opinions can make a difference, so remember to
provide your response by 10 January 2014.
Another major achievement is the promulga-
tion of the Sixth Long Range Plan, which was in-
cubated under the leadership of Keith Pogson, our
Immediate Past President, and finalized this year.
The plan charts the Institute’s course for the years
ahead as we continue to help Hong Kong maintain
its status as an international financial centre and
create new opportunities for the profession.
The member forum series, held on the last
Monday of the month from April, is a new initia-
tive this year. It enables us to meet face-to-face
with members to explain the vision of the Sixth
Long Range Plan and work of the Council. It also
creates another way for us to listen to your opin-
During the year, my role as President has given
me extra opportunities to meet a range of differ-
ent groups of our members. As a professional
membership body, we should keep doing this en-
gagement so that we can meet the needs of our
ever more diversified membership. My enthusi-
asm is especially on students and young CPAs, as
we need to develop them for future leadership.
Another group of members always on my mind
is professional accountants in business. I have been
championing to further enhance development for
them, including launching a financial controller
CPD series. The series of seminars, especially the
the section on strategic financial management:
experience sharing from PAIBs, received a very
positive response. This bodes well for the Financial
Controllership Programme to be debuted in 2014,
which aims to provide in-depth, practical training to
aspiring or recently appointed financial controllers.
Internationally, under my representation and
leadership in the International Federation of Ac-
countants PAIBs Committee on behalf of the
Institute, an international task force I chair has
published two important papers during my tenure
about roles and domain of such accountants, and
roles and expectations of CFOs.
As for our 40th anniversary, one of the com-
memorative projects is “CPAs for NGOs,” which
was launched earlier this month. More than 70
members have already signed up, and they will
soon be deployed in pairs to visit under-resourced
non-governmental organizations to advise on their
financial management and governance.
I am privileged to be the Institute’s President
this year not only because it is the 40th anniver-
sary, but also as I am the first lady in this post.
This brings the obligation that I have been under-
taking for years to advocate gender balance in
Hong Kong, which lags behind the world in terms
of the percentage of women present on company
boards and at the C-suite level.
Next year, I will continue to serve on the Coun-
cil to support the Institute to meet the many chal-
lenges ahead. I will also continue to join in the
many member activities as I enjoy meeting you.
Finally, I wish you all a great festive season and
our profession all the best under the new leader-
ship team in 2014.
“I am privileged to
be the Institute’s
President this year
not only because
it is the 40th
first lady in this
December 2013 1
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