​​Post MPF Offset Abolition: Challenges and Best Practices in Long Service Payment Assessment (archived webinar) (ESEMEF317L01)

The abolition of the Mandatory Provident Fund (MPF) offset mechanism effective May 2025 introduces significant changes to the accounting and compliance landscape for Long Service Payment (LSP) assessments. This e-seminar aims to equip participants with the latest regulatory updates, practical challenges; and solutions to navigate the post-abolition environment. Speakers will cover HKAS 19 compliance, client and auditor perspectives, provider selection criteria, and key skills for reviewing LSP assessments. Topics include:

​​Session 1: Regulatory Shift and Market Update

• The abolition of the MPF offset mechanism and its accounting implications under HKAS 19
• Timeline and key regulatory changes
• Impact on LSP calculations and financial statements
• Common misconceptions and compliance pitfalls

​​Session 2: Client and Auditor Challenges

• Lack of in-house expertise and cost concerns
• Confidentiality and data sensitivity issues
• Auditor challenges: Responsiveness, capacity, and consistency

​​Session 3: Solutions and Provider Selection

• Criteria for choosing actuarial or valuation firms
• Industry landscape: Traditional vs. digital solutions

​​Session 4: Key Skills for Reviewing LSP Assessments

• Validating key assumptions (turnover, discount rates, mortality)
• Identifying common errors and compliance risks
• Best practices for documentation and transparency

​​Notice

This course operates under a learning management system (LMS) designed to enhance the learning experience. The course will be available to LMS-registered users within 24 hours. (Note: first-time user will receive an activation email shortly from no-reply@lmsmailbox.hkicpa.org.hk containing instructions to activate an LMS account.) The viewing period for the course is 180 days.

Offline enrolment form