Accounting for long service payment and subsidy scheme for abolition of MPF offsetting arrangement

Joe Ng, Partner, Professional Practice, EY

Joe Ng is a partner within professional practice department of Ernst & Young in Hong Kong. Joe has over 20 years of experience in providing accounting advisory and auditing services to financial institutions in Mainland China and Hong Kong, including large state-owned banks and international banks. He is experienced in accounting for financial instruments, in particular accounting for hedges, securitization, structured products and cryptocurrencies. Through the global network of EY IFRS professional group, he provides comments on IFRS developments and advises on accounting matters for EY clients across the globe.

Joe is the Chairman of the Financial Reporting Standard Committee of the HKICPA. He was involved in the development of accounting guidance published by the HKICPA on the abolition of MPF-LSP offsetting mechanism and that on the related government subsidy scheme.

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