Wan Chai, Hong Kong (Sept. 18, 2002) -- Accountants from around the globe will convene at the Hong Kong Convention and Exhibition Center Nov. 18-21 for the 16th World Congress of Accountants.

The event, held once every five years and organized by the Hong Kong Society of Accountants, will focus on the theme "Knowledge-based Economy and the Accountant". Three Plenary Sessions, 13 workshops and two China Forums will explore the opportunities and challenges presented by the knowledge-based economy, knowledge management culture, the reinvention of auditors, international harmonization of standards, as well as the global regulatory development in the wake of globalization and the recent spate of corporate failures. In the two China Forums, senior officials from the mainland will shed light on China’s present and future development in accounting standards, economic and financial issues, securities market and corporate governance regime.

Scheduled speakers include Xiang Huaicheng, Minister of Finance of China, Zhou Xiaochuan, Chairman of the China Securities Regulatory Commission, Paul A. Volcker, Former Chairman of the U.S. Federal Reserve Board, Tsuguoki (Aki) Fujinuma, President of the International Federation of Accountants, and Sir David Tweedie, Chairman of the International Accounting Standards Board.

So far, about 4,000 delegates from 72 countries have signed up to attend the event, which marks the first Congress to be held in Chinese territory, the Hong Kong Society of Accountants said.

-- Electronic Accountant Newswire staff

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