Stephen C. Yam and Phoebe W. Yam
It is a well‐known fact that Hong Kong needs more accountants. Itis also true that the question of 1997, when Hong Kong returns to China,scares many accountants away from the…
Abstract
It is a well‐known fact that Hong Kong needs more accountants. It is also true that the question of 1997, when Hong Kong returns to China, scares many accountants away from the territory. However, there are not enough university accounting graduates interested in joining the auditing professions. Reports on a study showing that there are significant differences between the perceptions of students and the actual requirements of certified public accounting firms on working conditions, which may discourage graduates joining the profession.
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Stephen C. Yam and Phoebe W. Yam
In recent years, Hong Kong has experienced a very low unemploymentrate. Labour shortage and turnover has become a major problem for themanagement of the Hong Kong companies…
Abstract
In recent years, Hong Kong has experienced a very low unemployment rate. Labour shortage and turnover has become a major problem for the management of the Hong Kong companies. Better education and changing environment create discontent among workers. Investigates how the companies in Hong Kong tackle the problem of labour discontent. The effectiveness of the strategies implemented by the Hong Kong companies are evaluated.
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Stephen C. Yam, Joyce Chan, Samuel Chiu, Esther Sam and Phoebe W. Yam
Examines the restructuring of Hong Kong Telecom Ltd with respect toits two subsidiaries: Hong Kong Telecommunication International Ltd andHong Kong Telephone Company Ltd. The…
Abstract
Examines the restructuring of Hong Kong Telecom Ltd with respect to its two subsidiaries: Hong Kong Telecommunication International Ltd and Hong Kong Telephone Company Ltd. The process and impact of this restructuring is discussed. Investigates particularly the impact of internal and external factors such as functional structure, government regulations, customers, potential competitors and labour unions.
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Stephen C. Yam and Phoebe W. Yam
The Hong Kong Society of Accountants proposes to allowincorporating audit practices in Hong Kong. Finds that auditors areanxious about their increasing risk and the legal…
Abstract
The Hong Kong Society of Accountants proposes to allow incorporating audit practices in Hong Kong. Finds that auditors are anxious about their increasing risk and the legal liabilities of their work, believing that incorporation is the best method to protect their interests. Many auditors believe that the profession should place the public interests at the top but the interests of the profession should also be protected. Therefore incorporation of the audit practice is necessary in Hong Kong, but strict rules should be imposed to prevent abuse. In addition, finds that clients are not concerned about this issue. The bankers will give a lower value to the audited financial statements issued by incorporated audit firms. In implementation, the professional indemnity insurance and the minimal capital requirement will become the key concern of auditors to incorporate their audit firms.