HKICPA, IFAC host PAIB conference in Hong Kong

The Hong Kong Institute of Certified Public Accountants (HKICPA) and the International Federation of Accountants (IFAC) person co-hosted the HKICPA x IFAC PAIB Conference successful Hong Kong.

The meeting, with a cardinal taxable of 'Forging what’s adjacent – PAIBs astatine the helm of change', brought unneurotic nonrecreational accountants successful concern (PAIBs) and elder concern executives from Europe, Asia and different parts of the world.

Participants included representatives from France, the section Hong Kong community, Indonesia, Japan, the Netherlands and the UK.

Discussions centred connected however PAIBs tin respond to aboriginal translation amid technological disruption and evolving geopolitics.

The league was attended by HKICPA president Stephen Law, the archetypal PAIB to clasp the role.

Hong Kong Financial Secretary Paul Chan addressed attendees, stating that geopolitics, caller technologies and the greenish modulation are reshaping planetary commerce and fiscal markets.

He said Hong Kong tin connection “stability and connectivity amid planetary uncertainty”. He besides referred to the city’s archetypal nationalist offering pipeline, the maturation of plus absorption and person economical integration with the Chinese mainland nether the 15th Five‑Year Plan.

Chan besides outlined 2 strategical directions for the city’s development.

The AI+ attack seeks to embed AI crossed antithetic sectors, alongside measures to cultivate talent. The Finance+ strategy aims to grow superior markets, reenforce the fiscal ecosystem, and facilitate the maturation of innovation and exertion companies.

The league was besides attended by IFAC CEO Lee White; IFAC PAIB Advisory Group seat Josephine Okui Ossiya; and Securities and Futures Commission president Kelvin Wong, among others.

The HKICPA said it intends to proceed promoting accounting arsenic an “international concern language” done a wide scope of planetary partnerships and exchanges.

Last month, the HKICPA signed a memorandum of knowing with the Hong Kong International Academy Against Corruption to heighten ethical behaviour successful the accounting profession.

"HKICPA, IFAC big PAIB league successful Hong Kong" was primitively created and published by The Accountant, a GlobalData owned brand.

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