Hong Kong Institute of Certified Public Accountants explained


Native Name:	香港會計師公會
Abbreviation:	HKICPA
Predecessor:	Hong Kong Society of Accountants
Vat Id:	(for European organizations) -->
Status:	Statutory body corporate established under Professional Accountants Ordinance
Headquarters:	Wanchai, Hong Kong
Membership:	>47,000
Membership Year:	2021
Owners:	-->
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

The Hong Kong Institute of Certified Public Accountants (HKICPA,) 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.
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;^[1] this has been renewed from 2010 until 2015.^[2]

Institutes of Chartered Accountants

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

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:

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.