The Legco has passed of the Stamp Duty (Amendment) Bill 2023 (the Bill) which adjusts the value bands of Scale 2 Rates of ad valorem stamp duty (AVD)...
Because of the changes of the Institute's responsibilities for the registration functions, the following statements are discarded.
1. Statement 1.304 Arrangements to Cover the Incapacity or Death of a Sole Practitioner.
2. Statement 1.400 Explanatory Foreword.
3. Statement 1.401 Review Procedures and Conduct of Members...
All office of the Inland Revenue Department will provide services at the Inland Revenue Centre at 5 Concorde Road, Kai Tak, Kowloon; The business hours and contact telephone numbers of the respective offices will remain unchanged...
The CR has issued a new guideline for the new AML/CFT requirements effective from 1 June 2023...
AFRC's quarterly report reminds that the inspector will evaluate the effectiveness of the practice units' systems of quality management as well as compliance with the AML/CFT requirements in 2023 inspection...
The Legco has passed two proposals made in the 2023-24 Budget, including the reduction of salaries tax, tax under personal assessment and profits tax for the Y/A 2022/23 by 100 per cent, subject to a ceiling of $6,000 per case; and increasing the basic and additional child allowance $130,000 starting from the year of assessment 2023/24...
Corporations and businesses can file their Profits Tax returns for the year of assessment 2022/23 and attach the required supplementary forms, other forms, financial statements and tax computations electronically through eTAX...
Inland Revenue Centre in Kai Tak Development Area officially opens on 30 March 2023...
1.Editorial version to the HKSQC 1, HKSQM 1&2, Auditing, Review, Other Assurance, and Related Services Pronouncements to align with the 2021 IAASB Handbook of International Quality Control, Auditing, Review, Other Assurance, and Related Services Pronouncements and other housekeeping editorial changes.
2. PN 850 (Revised 2022) is relocated from Section 2 to Section 1 as a result of the new and revised quality management standards that are effective for engagements beginning on or after 15 December 2022...
1. Revision to COE (Revised 2018) / COE (Revised 2022) to incorporate changes to the post-implementation review framework.
2. Section 800 in Chapter C of the COE (Revised 2018) / COE (Revised 2022) is a revised to clarify that Fellows CPA (Practising) are eligible to continue to use the designation "Fellow of Certified Public Accountants (Practising)...
Block extension schemes for lodging 2022/23 tax return...
The IESBA announced that it has adopted the 2022 edition of the IESBA International Code of Ethics for Professional Accountants (including International Independence Standards). The Code will be applicable to all entities subject to ADAA's mandate for audits of financial statements for periods beginning on or after 15 December 2023...
The IESBA announced that it has adopted the 2022 edition of the IESBA International Code of Ethics for Professional Accountants (including International Independence Standards). The Code will be applicable to all entities subject to ADAA's mandate for audits of financial statements for periods beginning on or after 15 December 2023...
A digital asset is anything that exists in digital form only, has or provides value, is identifiable and discoverable, and is associated with ownership or use rights...
Under Part 3AA Division 2 of the AFRC Ordinance, the AFRC is empowered to carry out inspections in relation to a CPA practice unit for the purpose of determining whether the CPA practice has observed, maintained or applied PAO professional standards...
The Budget has proposed one-off reductions of salaries tax, tax under personal assessment and profits tax for the year of assessment 2022/23 by 100 per cent, subject to a ceiling of $6,000 per case...
- Preface to the Hong Kong Quality Control/Management, Auditing, Review, Other Assurance, and related services are revised... - PN 7720, PN 810.2, PN 840, PN 860.1 and PN 870 are revised as a result of the Financial Reporting Council (Amendment) Ordinance 2021...
The Financial Secretary proposed new tax measures at his proposed financial budget for 2023/24...
The Government is committed to providing a facilitative tax environment for the industry to attract more funds to set up and operate in Hong Kong. Funds re-domiciled to Hong Kong...
Financial Secretary Paul Chan says the disbursements of a $5,000 electronic consumption voucher takes into account both the economic and fiscal situation...
Updating of Preface to Hong Kong Financial Reporting Standards...
The Amended HKCO seeks to modernise the Ordinance and the Model Articles to expressly cater for the scenario of companies holding fully virtual general meetings as well as hybrid general meetings...
Group Audits Proposed for Inclusion in the Final ISA for LCE Standard...
The AFRC has published the latest issue of Quarterly Report (January 2023 issue) to keep our stakeholders informed of our latest developments and other noteworthy regulatory issues...
- HKSQM 1 replaces HKSQC 1 as of 15 December 2022. - HKSQM 2 effective for other assurance and related services engagements beginning on or after 15 December 2022. - PN740 (Revised), Auditor's Letter on Continuing Connected Transactions...
This implementation tool helps auditors implement the IAASB's ISA 315 (Revised 2019), "Identifying and Assessing the Risks of Material Misstatement," which is effective for audits of financial statements for periods beginning on or after December 15, 2021...
promotion@takopro.com.hk
Tako Professional Technical Limited is an innovative and forward-looking local IT company specialised in the development and marketing of SSEP Auditing System, a comprehensive auditing system tailored for local CPAs, and related products and services incorporated in 2017.
Our development team consists of certified public accountants, IT experts, and experienced auditors, so that our products, services and advices are so practical and considerable to the needs of our target customers.
Over the three years, we have accumulated a client base of more than one hundred CPA firms. In term of the number of clients, SSEP has been the second to none auditing system in Hong Kong.
SSEP Auditing System qualifies for Technology Voucher Programme (TVP) under Innovation and Technology Fund; three-quarter of purchasing costs can be subsidised by the Hong Kong Government.
(852) 96178380
promotion@takopro.com.hk
Tako Professional Technical Limited is an innovative and forward-looking local IT company specialised in the development and marketing of SSEP Auditing System, a comprehensive auditing system tailored for local CPAs, and related products and services incorporated in 2017.
Our development team consists of certified public accountants, IT experts, and experienced auditors, so that our products, services and advices are so practical and considerable to the needs of our target customers.
Over the three years, we have accumulated a client base of more than one hundred CPA firms. In term of the number of clients, SSEP has been the second to none auditing system in Hong Kong.
SSEP Auditing System qualifies for Technology Voucher Programme (TVP) under Innovation and Technology Fund; three-quarter of purchasing costs can be subsidised by the Hong Kong Government.
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