3 Mar 2025 Evaluating LSP Provision Concerns and its impact on Audit Protocols

Feb 12, 2025

Join us for an insightful webinar focused on Evaluating LSP Provision Concerns Post the Elimination of MPF-LSP Offsetting and its impact on audit protocols. As the abolition of the MPF-LSP offsetting mechanism takes effect on 1 May 2025, this session will explore the intricate relationship between LSP provisions and the recent legislative changes. The webinar will discuss how the removal of employers' ability to offset long service payments with mandatory MPF contributions alters financial liabilities and necessitates a reevaluation of audit processes. It will also provide clarity on compliance requirements under Hong Kong law and share best practices for adapting to these significant changes in the employment landscape.

Event Details:

Date: 3 March 2025 (Monday)

Time: 7:00pm – 8:30pm

Channel: Zoom webinar

Language: Cantonese (with English slides)

Fee: $100 for AWAHK members & colleagues; $150 for non-members

CPD: 1.5 hours

Speaker:

Mr. Kenny Lui, Managing Director, WeValue Advisory

Kenny, the Managing Director at WeValue, brings over 20 years of expertise from global accounting and financial services. With a tenure at Deloitte's valuation team for nearly 13 years, he specializes in various valuations such as long service payments and business assessments. Prior to Deloitte, Kenny honed his skills in auditing at PricewaterhouseCoopers and financial modeling at Zurich Insurance Group. He has steered significant transactions, providing valuation counsel for M&A, fundraising, and strategic planning. Kenny possesses a deep understanding of fair value accounting, particularly in equity and impairment testing. His industry knowledge spans pharmaceuticals, banking, telecommunications, and more, showcasing his seasoned strategic insights and comprehensive valuation acumen across diverse sectors from healthcare to transportation.

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