|Innovative and Versatile Accountants
The next generation of accountants should be innovative
and versatile. 'Innovative' because they will need to
be good at self-learning, especially in Hong Kong which
has a fast-changing work environment - Hong Kong's economy
is expanding both horizontally (as a result of internationalism)
and vertically (due to the new and complex economic
activity). As such, textbook solutions to the 'new'
problems faced by young accountants are probably not
They need to be 'versatile' because accountants are
now required to speak and read in at least Chinese and
English, and they must feel completely at home on a
Today, accountants are called on for much more than
just 'tick-and-cross' bookkeeping, they are often asked
to provide full business solutions.
The expectation does not stop there. With the increasingly
heavy legal and moral responsibilities placed on professionals,
the next generation of accountants must be scrupulously
ethical in the ways in which they conduct themselves.
These may seem impossibly tall orders. But this is
what I expected back in 1993, when I embarked on the
task of restructuring the HKSA's professional accreditation
system in my capacity as chairman of the appointed steering
The hard work of many dedicated professionals, academic
and staff of the HKSA secretariat paid off - we now
have the credible education and training system the
accountancy profession ordered. We convinced the Government
and legislators to help us change the related statutory
frameworks and we convinced other leading international
accounting bodies, such as the CPA Australia and the
ACCA, to accord us mutual recognition.
What we need to do now is convince the regulators,
employers and, most importantly of all, prospective
accountants to choose the QP as the preferred qualification.
Quality accountants groomed to face tough challenges
cannot possibly be manufactured hastily through an 'assembly
line' and a few sit-down examinations. The HKSA Qualification
Programme provides a sound theoretical base for university
graduates to latch on to. Theoretical knowledge is then
augmented during practical workshops taught by experienced
practitioners to ensure consistency and depth.
The use of modern technology, ethical standards and
linguistic ability will also be emphasised and tested.
The capacity and aptitude of our young accountants will
need to e stretched. However, the programme will provide
plenty of opportunities for students to demonstrate
I believe our programme is of a high quality, both
for Hong Kong and when compared to other jurisdictions.
It is therefore good value.
Now, it is time for me to encourage you to urge you
trainees to choose the HKSA's new qualification - the
only true qualification geared towards the future of
Hong Kong's accountancy profession.