President’s message

Dear members,

In April, we announced the details of several important initiatives that will have an impact on the rest of the year and beyond, as we celebrate our 50th Anniversary and look towards a bright future for the accounting profession.

Firstly, we recently announced the Institute’s latest Strategic Plan 2023. This ambitious plan sets out our vision for the future of the profession and our organization, reflecting the evolving needs of the industry and our commitment to staying ahead of the curve in a rapidly changing landscape. Our colleagues have created a series of highlights to introduce the main themes of the plan, which you can find on our social media channels.

Details from our Strategic Plan were communicated during a luncheon hosted for representatives from key media outlets, during which we also shared exciting developments at the Institute and in the industry. I was thrilled to share the great progress we’ve made in achieving the Institute’s work plan on environmental, social and governance standard setting, nurturing accounting professional talents, and fostering international recognition, as well as capturing business opportunities in the Greater Bay Area (GBA).

Indeed, we are already making great headway in achieving the goals we’ve set out. In March, we completed the first of a series of visits that the Institute has planned to promote Hong Kong’s accounting profession and explore new opportunities for our members in the GBA. A delegation to Nansha in the GBA, led by myself, met with local government officials and business leaders to explore opportunities for closer collaboration and exchange.

The GBA represents a significant growth opportunity for our profession. This visit and the ones to come are a valuable opportunity for us to gain insights into the latest developments in the region and to build stronger connections with our counterparts in the accounting profession.

Our visit to Nansha is also just one example of our commitment to engage with stakeholders across the industry. We’ve also been hard at work meeting with various counterparts in the past few months, and members can expect many more as we continue to solidify and promote the prestige of Hong Kong’s CPAs.

“This milestone marks half a century of excellence in the accounting profession, and we are proud to celebrate the achievements of our members and the contributions they have made to the industry.”

If you’ve been keeping tabs, you’ll know that the Institute kicked off the celebration of its 50th Anniversary with the launch of the logo, theme, and the introduction of upcoming celebration events. This milestone marks half a century of excellence in the accounting profession, and we are proud to celebrate the achievements of our members and the contributions they have made to the industry and to society.

The theme of our anniversary celebration is “Accounting for success now and beyond.” This reflects our commitment to honouring the past while looking ahead to the opportunities and challenges of the future. As part of these celebrations, we have invited members of the Institute who have achieved admirable success to share their experience with the Institute and impart words of encouragement to the next generation of CPAs – starting with Ayesha Macpherson Lau, Chairman of the Mandatory Provident Fund Schemes Authority. Be sure to read the first one here in what will surely be a series of inspiring interviews!

We have also planned a series of events and activities to mark this occasion, including the exciting horse racing event in June, followed by a prestigious world-class congress in July, and the anniversary gala dinner in December. Details on how to take part will be shared through our various communication channels, so be sure to stay tuned!

As we continue to work towards our goals in 2023, I am excited to see the progress we make and the opportunities that lie ahead. The Institute is committed to serving the needs of our members and bringing the accounting profession to new heights as we celebrate 50 years of success. I look forward to working with all of you to achieve these goals and to build a stronger, more vibrant accounting profession in Hong Kong and beyond.

Loretta Fong

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