Never-ending learning...

Last Saturday I attended the annual tax updates held by ACCA. The environment for tax practitioners are becoming more & more difficult.

Anti-avoidance section 61A, refusal of claim under contract processing in PRC, etc. too many topics to tackle....

Being a CPA is not as easy as some think. Keeping update with continuing changing standards.

Under such circumstances, I wonder why some practitioners still using cut-throat fees to get jobs. This just makes people has the impression that our works is not worthy & no value added.

Too bad...

IFRS for SMEs

Just come back from PRC business trip & then attended an ACCA seminar about IFRS for SMEs. Unexpectedly the seminar is not bored! & I thought that the IFRS for SMEs is really a great tools for SMEs. I wonder when HKICPA will adopt that.

Changing accounting standards are always a disaster to small practitioners like me. We simply may not have enought resources to cope with the fast changing standards. One reason I like the IFRS for SMEs is that the speaker today claimed that they realized the resources issue & promised that there would only be an exposure draft once in THREE years! I think this is really a good policy.