The Association of Chartered Certified Accountants (ACCA) and The Hong Kong Institute of Certified Public Accountants (HKICPA) signed a Memorandum of Understanding (MoU) to reinforce shared values and contribute to the advancement of ethical standards within the accounting profession. The collaboration will enrich the ethics training programme of the two accounting bodies and enable joint initiatives that strengthen public confidence in the profession.

The MoU establishes a framework for mutual cooperation, focusing on the mutual promotion of ethics-related learning offerings within both bodies and joint initiatives to foster a culture of integrity, accountability and responsible practice across the accounting profession. Under the MoU, both ACCA and HKICPA will also explore other areas of potential collaboration, including continued expansion of the range of CPD course offerings available to members.

ACCA and HKICPA held a MoU signing ceremony yesterday (10 November). The MoU was signed by Helen Brand OBE, Chief Executive of ACCA, and Margaret Chan, Chief Executive and Registrar of the HKICPA, under the witness of Wilson Cheng, Chairman of ACCA Hong Kong and Edward Au, President of the HKICPA.

Wilson Cheng, Chairman of ACCA Hong Kong said, ‘This MoU will strengthen the collaboration between ACCA and HKICPA, as together we promote the highest ethical standards, which have never been more crucial as we face emerging challenges in the digital era. We’re delighted to offer our global resources and learning resources to support HKICPA members, helping to prepare them for the complex professional landscape being shaped by AI and digital innovation. Together, ACCA and HKICPA will lead the profession into the future with integrity, advancing ethical excellence for the benefit of business and society.’

Edward Au, President of the HKICPA said, ‘Ethics conduct is the bedrock of public trust in the accounting profession. We are delighted to sign this MoU with ACCA, which represents a significant milestone. By leveraging the combined strengths of our two professional accounting bodies, we can unlock new opportunities to elevate the ethical proficiency of our members, equipping them to meet the demands of an evolving market and regulatory landscape. This collaboration will not only raise the professional standards of the entire industry but also reinforce public confidence in the profession.’