Never-ending story: CPA must be prepared to continually learn new skills and update existing ones
HKICPA president Ivy Cheung says accounting remains the ‘language of business’ – which means emphasis on integrity and quality analytical skills
While technical skills are essential in the world of accounting, the range of work the profession covers requires certified public accountants (CPAs) to continually upgrade their interpersonal skills and extend their knowledge and abilities that go beyond dealing with numbers.
As the roles of accounting professionals expand, Ivy Cheung Wing-han, president, Hong Kong Institute of Certified Public Accountants (HKICPA), says the accounting sector needs professionals who are always prepared to learn new skills, and update existing ones.
“The industry is constantly changing with new regulations and standards being introduced. Therefore, CPAs must always prepare for the future while being aware of what is taking place today,” Cheung says. However, she stresses that, while the industry is subject to many changes, accounting remains the “language of business”, which means the emphasis on integrity, quality analytical skills and the ability to provide actionable advice cannot be overly emphasised.
“Many CPAs provide consulting services, to help companies improve their operations, so the ability to look ahead is key,” Cheung says.
With more than 40,000 members, Cheung says the HKICPA provides a wide range of support, career development and continuous professional development (CPD) options to its members. The HKICPA’s Qualification Programme not only trains accountants to be technically proficient, the programme also focuses on developing analytical and problem solving skills. The HKICPA also plays a leading role in cultivating more CPA candidates from a wide variety of backgrounds to add diversity within the profession.
To cater to the needs of HKICPA members, who, besides working for professional services firms, hold responsible positions in the public sector, non-profit sector, small- and medium-sized enterprises, government and regulatory or professional bodies, the institute regularly organises seminars and presentations by industry leaders to provide insights and industry specific updates.
