The Hong Kong Institute of Certified Public Accountants graduated a record-breaking class of 1,656 qualification programme graduates, the highest number in the Institute’s history.
“We’ve come a long way in building up our programme. Once our graduates become our members, the mainland is more accessible to them under CEPA V and they can qualify on every continent in the world because QP is recognized by other major accounting bodies,” says Winnie C.W. Cheung, chief executive & registrar of the Hong Kong Institute of CPAs.
The Institute’s QP was introduced 10 years ago with an enrollment of 99 students. As of this year, the programme has more than 13,500 students and since the programme started, more than 5,200 students have graduated. Last year, 1,223 people graduated, meaning this year’s number is a 35% increase.
Graduates of the programme must complete a three-year work experience requirement before becoming certified public accountants.
“These graduates are important for Hong Kong and the mainland because good accountants are a prerequisite for the mainland’s economic growth and Hong Kong’s role as a financial centre,” says Paul F. Winkelmann, president of the Institute. “They are trained to the highest standards and work through a sophisticated programme as they go on their way to joining the world’s most prestigious accounting professionals.”