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The Hong Kong Institute of Certified Public Accountants (HKICPA, Chinese: 香港會計師公會) is the professional accounting body of Hong Kong. Its main responsibilities are: Registering accountants and issuing practising certificates. Regulating the professional conduct and standards of members.
The regulating of accountancy, auditing, membership, professional, licensing all falls under the HKICPA. However, in many cases, the HKICPA themselves are helpless in concluding what constitutes properly prepared financial statements. There were some attempts in obtaining external professional legal opinions on behalf of its members (e.g. what ...
This notwithstanding, HKICPA members could join in ACCA without any further requirement. The ACCA qualification is highly accepted by the Hong Kong employment market. Most HKICPA members qualified through a joint scheme with Hong Kong Society of Accountants (HKSA) which operated for more than 20 years. HKSA later became HKICPA. [50]
He was a member of the Legislative Council of Hong Kong (Accountancy functional constituency). He is an accountant and the former President of the Hong Kong Institute of Certified Public Accountants (HKICPA). He holds BBA and MBA degrees from the Chinese University of Hong Kong, where he is an Adjunct Associate Professor.
In principle the following members of the following overseas bodies are eligible via Mutual Recognition Agreements (MRAs) : CPA Australia; Chartered Accountants Australia and New Zealand (CAANZ) CPA Canada (CPAC) Hong Kong Institute of Certified Public Accountants (HKICPA) Chartered Accountants Ireland (CAI)
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The CEO of CPA Australia from 2009, Alex Malley, came under significant criticism in the media and from CPA members in 2017 for his A$1.8 million annual salary and for the significant amounts of CPA funds going towards promoting Malley and his personal interests, such as a paid television show and Malley's autobiography. [7]