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.

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    • 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
      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