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Hong Kong Institute of Certified Public Accountants

Professional accounting body of Hong Kong

Summary

Professional accounting body of Hong Kong

Field	Value
native_name	香港會計師公會
image	Hong Kong Institute of Certified Public Accountants logo.svg
image_size	275px
alt	Logo of the HKICPA
caption	Logo of HKICPA
abbreviation	HKICPA
predecessor	Hong Kong Society of Accountants
formation
extinction
tax_id
registration_id
status	Statutory body corporate established under Professional Accountants Ordinance
headquarters	Wanchai, Hong Kong
membership	47,000
membership_year	2021
owner
sec_gen
leader_title	President
leader_name	Fong Wan Huen, Loretta
leader_title2	Vice President
leader_name2	Roy Leung
leader_title3	Vice President
leader_name3	Au Chun Hing, Edward
leader_title4	Chief Executive and Registrar
leader_name4	Margaret W.S. Chan
students	17,000
students_year	2021
website

The Hong Kong Institute of Certified Public Accountants (HKICPA, ) is the professional accounting body of Hong Kong. It is overseen by the Accounting and Financial Reporting Council.

Responsibilities

Registering accountants and issuing practising certificates.
Regulating the professional conduct and standards of members.
Setting codes of ethics and standards of accounting and auditing.
Regulating the quality of entry to the profession through its qualification programme and related courses.
Providing continuing education and other services to members.
Promoting the accountancy profession both in Hong Kong and overseas.

Recognition with other institutions

Association of Chartered Certified Accountants (ACCA)

Prior to 2002, Hong Kong accountants were allowed to obtain full memberships from both Association of Chartered Certified Accountants (ACCA) and HKICPA under a joint examination scheme between the two institutions. A mutual recognition agreement was then announced between the two institutions; this has been renewed from 2010 until 2015.

Institutes of Chartered Accountants

HKICPA has Mutual Recognition Agreements with the major Chartered Accountant bodies worldwide:

American Institute of Certified Public Accountants since October 2011
Institute of Chartered Accountants in England and Wales
Institute of Chartered Accountants of Scotland
Institute of Chartered Accountants in Ireland
Institute of Chartered Accountants of Australia
Chartered Professional Accountants Canada
New Zealand Institute of Chartered Accountants
South African Institute of Chartered Accountants
Institute of Chartered Accountants of Zimbabwe

These agreements, in general, only apply to relatively recent HKICPA members who qualified through the Qualification Programme.

Other overseas bodies or British qualified accountants

HKICPA also has recognition arrangements in place with:

Association of International Accountants
Chartered Institute of Management Accountants
CPA Australia

Status

Incorporated by the Professional Accountants Ordinance (Chapter 50 of the Laws of Hong Kong) on 1 January 1973, the Hong Kong Institute of Certified Public Accountants (the Institute) is the only statutory licensing body of accountants in Hong Kong responsible for regulation of the accountancy profession. There is an associate organisation called the HKAAT.

International links

The Institute is a member body of the following international or regional organisations:

Asia Oceania Tax Consultants' Association
Confederation of Asian and Pacific Accountants
Global Accounting Alliance
International Accounting Standards Board
International Federation of Accountants
International Federation of Insolvency Practitioners

References

[http://www.hkicpa.org.hk/recognition_overseas/ACCA_July05.pdf HKICPA announcement regarding the recognition arrangement], 2005
[http://www.accaglobal.com/hongkong/members/information/recognition/ Agreement for Recognition Arrangements between ACCA and HKICPA], ACCA, 2010

Wikipedia Source

This article was imported from Wikipedia and is available under the Creative Commons Attribution-ShareAlike 4.0 License. Content has been adapted to SurfDoc format. Original contributors can be found on the article history page.

accounting-in-hong-kong professional-associations-based-in-hong-kong organizations-established-in-1973 member-bodies-of-the-international-federation-of-accountants statutory-bodies-in-hong-kong

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