The
Hong
Kong
Institute
of
Certified
Public
Accountants
(HKICPA)
signed
a
new
three-year
mutual
recognition
agreement
with
the
Association
of
Chartered
Certified
Accountants
(ACCA),
which
continues
widening
the
opportunities
to
both
HKICPA
members
and
ACCA
members.
(From
Left
to
Right)
HKICPA
President
Edward
Au,
HKICPA
Chief
Executive
and
Registrar
Margaret
Chan,
Head
of
ACCA
Hong
Kong
and
Greater
Bay
Area
Lead
Christina
So
and
ACCA
Hong
Kong
Chairman
Stanley
Ho.
The
HKICPA
has
held
MRA
with
ACCA
since
2000.
The
new
MRA
is
for
a
term
of
three
years,
continuing
to
enhance
the
professional
development
mobility
of
members
of
both
bodies,
further
expanding
their
professional
development
opportunities.
HKICPA
members
completing
the
Qualification
Programme
(QP)
and
obtaining
at
least
three
years
of
practical
experience
may
acquire
ACCA
membership
through
the
agreement.
On
the
other
hand,
ACCA
members
who
have
completed
ACCA
professional
examinations
in
the
United
Kingdom
or
Hong
Kong
(Including
the
Advanced
Audit
and
Assurance
and
Advanced
Taxation
(Hong
Kong)
examinations)
and
having
at
least
three
years
of
practical
experience,
may
apply
for
HKICPA
membership
after
having
passed
the
Capstone
of
the
QP.
The new MRA has been enhanced to ease the path for ACCA members to gain the CPA designation offered by the HKICPA. Under the new MRA, the eligibility for seeking HKICPA membership will be extended to ACCA members who are non-degree holders possessing a qualification at a level not lower than higher diploma/ associate degree (or equivalent) under the Hong Kong Qualification Framework, and fulfilling relevant conditions. The HKICPA believes that the enhanced MRA would attract more talented individuals from various disciplines to join the professional field of Hong Kong accountants and obtain the CPA designation.
HKICPA President Edward Au said, “We are delighted to renew the MRA with the ACCA. The MRA provides simplified pathways for members of both organizations to obtain professional qualifications from each other, thereby enhancing their career mobility. Furthermore, the synergies created by the co-operations between HKICPA and ACCA enable us to provide advanced support to the development of the accounting profession in Hong Kong, benefiting businesses as well as Hong Kong economy as a whole. HKICPA will continue to work hand in hand with other professional accounting organizations to attract talent from diverse academic backgrounds, build a stronger talent pool, and drive the continuous advancement of the accounting profession.”
ACCA Hong Kong Chairman Stanley Ho said, “We welcome the enhanced MRA, which offers greater flexibility for membership mobility between the two bodies, reflecting our shared commitment to empowering career opportunities and advancing the profession. With over 120 years of global legacy and a proud 75-year heritage rooted in Hong Kong, ACCA has consistently demonstrated leadership in redefining the accountant through times of change. In response to the evolving needs and expectations of society, ACCA will introduce a redesigned qualification in 2027. We look forward to working closely with HKICPA to drive sustainable growth for the profession and the wider community.”
As one of the founding members of the Global Accounting Alliance (GAA), HKICPA has consistently engaged in exchanges with international accounting professions, and remains committed to upholding the international recognition of its membership. Including ACCA, the HKICPA holds mutual membership recognition agreements or mutual examination papers exemption agreements with 11 accounting bodies in the Mainland and overseas. In the future, the HKICPA will continue to expand its global network, explore potential collaborations with more overseas accounting bodies to facilitate exchanges and opportunities for new mutual recognition agreements for members.
https://www.hkicpa.org.hk/
https://www.linkedin.com/company/hong-kong-institute-of-certified-professional-accountants/
https://www.facebook.com/hkicpa.official
https://www.instagram.com/hkicpa.official/
Hashtag: #HKICPA
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