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The Secretary for Financial Services and the Treasury (SFST), Professor K C Chan, has re-appointed Mr John Poon Cho-ming and appointed Ms Edith Shih as lay members of the Council of the Hong Kong Institute of Certified Public Accountants (HKICPA).
The appointments, made under the Professional Accountants Ordinance (Chapter 50), are for a term of two years with effect from December 15, 2007.
"We are very grateful to the outgoing lay member, Mr Chow Chung-kong, for his invaluable advice and support to the council during his term of office," Professor Chan said today (December 14).
"We look forward to the contributions of the new and incumbent lay members in further enhancing the regulation and development of the accountancy profession," he said.
Under the Professional Accountants Ordinance, the HKICPA Council comprises a maximum of 23 persons, including four lay members appointed by the Chief Executive, two ex officio members (namely, the Registrar of Companies as representative of the Financial Secretary, and the Director of Accounting Services), the immediate past president and other members who are certified public accountants. The power of the Chief Executive to make appointments to the council has been delegated to SFST.
The HKICPA is the statutory licensing body for accountants and currently has more than 26,000 members. It is responsible for matters such as the regulation and development of the profession and the promulgation of financial reporting standards. The Council of the HKICPA is the governing body of the institute.
Ends/Friday, December 14, 2007
Issued at HKT 16:31
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