Introduction toHKICPA Association

    Accountants (English: Hong Kong Institute of Certified Public Accountants, referred to as Hong Kong Institute of CPAs or HKICPA; formerly known as Hong Kong Society of Accountants, referred to as HKSA, changed to its current name on September 8, 2004) is based in Hong Kong Cap. 50 of the Professional Accountants Ordinance, established on 1 January 1973. It is the only statutory professional accountant registration organization in Hong Kong, which is responsible for supervising, training and developing the accounting profession in Hong Kong. Up to now, it has more than 47,000 members.

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    Introduction toHKICPA QP

    The Qualification Programme of the Hong Kong Institute of Certified Public Accountants includes three progressive levels, including 14 modules and a Capstone, namely Associate Level (10 modules), Professional Level (four modules) and Capstone. It provides different pathways and greater flexibility for students of various educational backgrounds, including sub-degree holders and non-accounting majors, to become CPAs. This enables more students from other disciplines to join the accounting profession, which is important for developing a sustainable talent pool of accounting professionals.

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    HKICPA QPEligibility

    • Education pathway

      1. Bachelor’s degree or above, accounting-related majors (accounting, financial management, finance, etc. all belong to the category), can apply for the corresponding exemption of up to 10 subjects in the associate stage
      2. Assessment, if you reach Hong Kong High Diploma/associate degree/Level 4 or above, you will be eligible for the QP exam.

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    • Certificate conversion path

      1. Bachelor degree or above recognized by the association;
      2. CPA Canada and other recognition of overseas bodies certificate holders can take the conversion path through the mutual recognition agreement;
      3. Maximum 9 associate modules exemptions can be granted subject to relevant papers passed in the professional examinations of recognized professional accountancy bodies.

    • examination time

      The HKICPA Hong Kong CPA exam has two exam periods a year, which are divided into the June exam session and the December exam session. The HKICPA exam is divided into three levels: basic level, professional level and the highest level , and the time schedule for each level of examination is different.

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    • exam location

      Beijing, Shanghai, Guangzhou, Zhuhai, Hong Kong

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      HKICPAExam Subjects

      • Module Subject name
        Involved content
        1 Accounting
        Accounting principles, preparation of accounting books and< financial statements, financial management and internal control
        2 Management Accounting
        Managerial Accounting, Cost Accounting, Budget Management and Financial Forecasting, Performance Evaluation
        3 Business Economics
        Microeconomics, Macroeconomics, Statistical Principles, Mathematical Analysis
        4 Business Management
        Management, Organization and Production Operation Management, Finance and Human Resource Management, Marketing, International Trade
        5 Information Management
        Enterprise management informatization, e-commerce, information technology< and application, information management system
        6 Financial Accounting
        Principles of Financial Accounting, Hong Kong Financial Reporting Standards,Preparation and Consolidation of Financial Statements
        7 Financial Management
        Financial Markets, Financial Risk Management, Pricing Strategies and Models,Financing and Capital Structure, Financial Forecasting
        8 Principles of Auditing
        Principles of Auditing, Legal Framework and Financial Reporting Structure of Auditing Industry in Hong Kong
      • Module Subject name
        Involved content
        9 Principles of Taxation
        Hong Kong tax system and tax classification, tax-related calculations,cross-border transaction tax-related consultation
        10 Business and Company law
        Hong Kong Judicial System, Tort Law, Contract Law, Consumer Protection Law, Labor Law, Company Law
        11 Financial Reporting
        Hong Kong Accounting Professional Standards, Financial Accounting Standards,Preparation Methods of Financial Statements, Disclosure of Notes to Financial Reports
        12 Business Finance
        Strategic management, risk management, performance evaluation, capital management and financing, company valuation, corporate restructuring
        13 Business Assurance
        Audit assurance basis, statutory audit business process, corporate governance, risk management, business control system
        14 Taxation
        Tax system of Hong Kong Special Administrative Region, tax system of mainland China, tax calculation, tax-related consultation
        final Capstone
        Business Strategy, Financing Solutions, Corporate Governance,Risk Management, Team Management, Code of Ethics

        HKICPACertificate value

        • HKICPA is a member of GAA (Global Accounting Alliance) and IFAC International Federation of Accountants

          QP has been chartered on five continents and recognized by the American Institute of Certified Public Accountants

          QP provides the fastest way for students to obtain professional international accountant qualification, which can help you enrich your personal resume

          QP graduates can be exempted from the 4 examination papers in the CICPA national unified examination for Chinese certified public accountants

        • QP graduates can be exempted from practicing exams, and can obtain the Hong Kong Certified Public Accountant qualification with only one additional year of auditing experience in Hong Kong

          It only takes 18 months for students to complete all QP exams (all 4 units and final exam)

          CICPA holder takes min 12 months to complete QP study by passing Module 14 Taxation and Capstone at the fastest speed

          Non-accounting candidates deserve a promotion to be the certified public accounts through the new QP