Update on HKFRS 15 and governance & regulatory changes (2017)

16:00 Tuesday 23 May

27/F Club Lusitano, 16 Ice House Street, Central, Hong Kong

Moore Stephens would like to invite you to the forthcoming seminar.
 
HKFRS 15 Revenue with Contracts with Customers will be effective for annual periods beginning on or after 1 January 2018. The new requirements will result in changes to the way companies recognise revenue. Companies should assess the extent of the impact to address the business implications, including changes to the profile of margins on contracts, system and processes, and compliance with debt covenants.
 
In the last number of years, there were many developments in the area of governance and regulatory requirements for companies listed in Hong Kong, the HKEx amended the listing rules to include disclosure requirements with reference to the new Companies Ordinance. There are also new provisions related to risk management and internal controls; reporting on environmental, social and governance; new requirements related to inside information and connected transactions.
 
Our speakers will provide you an in-depth guide on HKFRS 15, and a quick update to the recent development in the area of governance and regulatory changes and will discuss a number of non-compliance cases, in particular related to inside information and connected transactions to share with you the issues, how the regulators are addressing them and some of the consequences.
 
For queries, please contact Manda Fung at 2738 7789 or mandafung@moorestephens.com.hk
 
 
Details of the seminar
 
Date: Tuesday, 23 May 2017   
Time: 3:30pm – 4:00pm (Registration)  
  4:00pm – 6:30pm (Seminar session)  
Venue: 27/F Club Lusitano  
  16 Ice House Street, Central, Hong Kong  
Language: English   
Fee: Complimentary  
CPD unit: 2.5 hours  
RSVP: Click here to register  
  (Confirmation will be sent one week prior to the seminar)  
     
 
  Patrick Rozario
Managing Director - Advisory Services
Moore Stephens Hong Kong
     
Patrick Rozario has over 25 years’ experiences working for large international accounting firms and in the commercial sector.
 
Patrick has many years of experience working in the area of governance and risk advisory. Patrick managed various internal audits, corporate governance, Sarbanes-Oxley, internal control and information technology risk assurance advisory engagements for clients across different industries including banking, insurance, telecommunication and government in Hong Kong and China. Patrick was also involved in large scale information system implementations in North America and Asia.
 
Patrick is a Fellow of Certified Practising Accountants of Australia (FCPA (Australia)) and a Certified Information System Auditor (CISA) and a member of the Institute of Internal Auditors (IIA).


 
  William Lim
Consultant
Moore Stephens Hong Kong
     
William Lim has more than 20 years of experiences working at Big 4 accounting firms including London, Singapore and Hong Kong. He had been an Audit and Technical partner at a Big 4 firm since 1999.
 
William has substantial experience in overseeing projects for implementation of International Financial Standards for large conglomerates, multinational corporations, banks and other financial institutions.
 
During the period of 2007 to 2014, William was a committee member of the Financial Reporting Standards Committee of the Hong Kong Institute of Certified Accountants. He is also a panel member of the Financial Reporting Review Panel of the Financial Reporting Council since 2014.
 
William is an associate member of the Institute of Chartered Accountants in England and Wales, member of the Hong Kong Institute of Certified Public Accountants, and a member of the Institute of Certified Public Accountants of Singapore.


 
  Candy Fong
Consultant
Moore Stephens Hong Kong
     
 
Candy Fong has many years of experience in applying Hong Kong Financial Reporting Standards (HKFRSs), International Financial Reporting Standards (IFRSs), as well as the Companies Ordinance in Hong Kong (financial reporting). She was a technical and audit partner of a Big 4 accounting firm, and was seconded, as a practice fellow, to the International Accounting Standards Board to develop standards and interpretations during 2006 – 2008.
 
Candy has been providing accounting advisory services to a number of Hong Kong listed companies and internal audit teams of an international accounting firm. She was also responsible for preparing HKFRSs and IFRSs related publications.
 
Candy is a member of the Hong Kong Institute of Certified Public Accountants. She is also a member of the Financial Reporting Standards Committee of the Hong Kong Certified Public Accountants, and a panel member of many accounting projects of the Institution.
 

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