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Members of the Hong Kong Institute of CPAs: terms and conditions

Initial terms and conditions of membership arising from the cooperation agreement between the ICAEW and the Hong Kong Institute of CPAs, dated 8 September 2004.

Membership of the Hong Kong Institute of CPAs

New ICAEW members must maintain their membership of the Hong Kong Institute of CPAs, including the payment of Hong Kong Institute of CPAs membership subscriptions.

Any new ICAEW member who ceases to be a member of the Hong Kong Institute of CPAs or fails to renew membership of Hong Kong Institute of CPAs will automatically be deemed to have resigned from the ICAEW and his or her membership will cease.

Practising certificates

Hong Kong Institute of CPAs members joining the ICAEW and wishing to practise in Hong Kong will continue to be required to hold a Hong Kong Institute of CPAs practising certificate.

If they are based in the European Union and wish to practise there, they will be required to obtain an ICAEW practising certificate.

Working in the regulated areas

In the United Kingdom, the UK Government Department for Business, Enterprise & Regulatory Reform (BERR) regulates audit, insolvency and investment business. Individuals and firms working in these areas must be appropriately authorised.

Designatory letters

New ICAEW members may use the designatory letters ACA and title ‘chartered accountant’, subject to the regulations which apply to all ICAEW members.

Fellowship to the ICAEW, irrespective of entry route or age, requires 10 years’ continuous membership of the ICAEW and entitles you to use the letters FCA after your name.

Discipline

Complaints regarding the conduct of a new ICAEW member will normally be referred to the Hong Kong Institute of CPAs unless otherwise agreed between the Hong Kong Institute of CPAs and ICAEW. 

However, any complaints relating to conduct within the European Union will normally be referred to the ICAEW. Any new ICAEW member suspended by or excluded from the Hong Kong Institute of CPAs will automatically cease to be a member of the ICAEW.

Any penalty imposed by the Hong Kong Institute of CPAs on a new ICAEW member will be notified to the ICAEW. Similarly, any penalties imposed by the ICAEW on a new ICAEW member will be notified to the Hong Kong Institute of CPAs.

Continuing professional development (CPD)

Hong Kong Institute of CPAs members joining the ICAEW will be subject to ICAEW CPD requirements. 

Code of ethics

Hong Kong Institute of CPAs members joining the ICAEW will be expected to comply with the ICAEW code of ethics. 

Regulations, standards and guidance

The Regulations, standards and guidance area provides essential information and sets out membership obligations for all members.