Eric Tong, the newly elected president of HKICPA, says many members want the institute to distribute its accumulated reserves of HK$390 million. Photo: SCMP

For once, accountants have a happy problem - how to deal with excess reserves of US$50 million

Many members of the Hong Kong Institute of Certified Public Accountants are seeking a refund, but the institute has called for a vote on March 2 to decide what should be done 

Topic |   Accounting and Auditing

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Eric Tong, the newly elected president of HKICPA, says many members want the institute to distribute its accumulated reserves of HK$390 million. Photo: SCMP
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Enoch Yiu

Enoch Yiu

Enoch joined the Post as a business reporter in 1996. Before that, she worked at a Chinese daily newspaper for four years. She is author of two books: 'They Mean Business: 50 exclusive interviews with Hong Kong top executives' and 'Serving with Passion: stories of established catering brands in Hong Kong'.