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A survey conducted by CityU on the prospects and upward mobility opportunities in the accounting sector found that the development of the accounting sector in Hong Kong may probably be in “bottleneck”.
The annual Asia-Pacific Journal of Accounting and Economics (APJAE) Symposium was this year held in Shanghai----the first time the symposium has been held outside Hong Kong. More than 150 accounting and auditing academics, practitioners and students from around the world attended the 4th APJAE Symposium from 6 to 8 January at the Shanghai National Accounting Institute (SNAI). The symposium was co-organized by City University of Hong Kong.
Corporate governance, some say, is an expansive web of mechanisms put into place within and outside corporations to ensure the interests and behaviour of managers match shareholders' expectations. In the academic world, scholars attempt to unravel the complexity of the problem from different angles and approaches.
Enron, WorldCom, Adelphia Communications, Tyco International... The apparently endless string of corporate scandals not only sent embattled US investors scurrying for cover but also triggered off a new round of self-examination among Asian listed corporations and market regulators, including Hong Kong.
Has the US government overreacted to the corporate scandals of Enron, WorldCom, Global Crossing and like? Is the Sarbanes-Oxley Act, passed in July 2002, an effective antidote to growing corporate dishonesty and a powerful catalyst in restoring investor confidence, or is it another set of overly restrictive rules that will punish most other businesses that have all along abided by the rules? How is the recent American reform looked upon as a model for the rest of the world?
City University of Hong Kong advocates applied research and emphasizes the transfer of knowledge and technology to industry and commerce because of their benefit to the community. To encourage applied research and to recognize those who excel in this area, City University has run the Applied Research Excellence Awards Competition since 1995.