i. issuance of practising certificates to certified public accountants (CPAs);
ii. registration and inspection of practice units;
iii. investigation and discipline of all CPAs, certified public accountants (practising) and practice units; and
iv. overseeing the remaining statutory functions of the HKICPA:
a) setting of requirements for and provision of continuing professional development;
b) setting of standards of professional ethics, and setting of accounting and auditing standards; and
c) registration of CPAs including conducting qualifying examinations for CPAs and mutual and reciprocal recognition of accountants with overseas accountancy bodies