Professional Recognition

Professional Bodies

Exempted Course/ Paper

Relevant Module of 
HSMC with relevant Concentration

The Hong Kong Institute of Chartered Secretaries (HKICS) Maximum 4 papers exemptions below under the International Qualifying Scheme (IQS):

  • Strategic and Operation Management
  • Hong Kong Financial Accounting
  • Hong Kong Taxation
  • Hong Kong Corporate Law
Upon completion of programme
Association of Chartered Certified Accountants (ACCA website) Maximum 9 papers exemptions below under Fundamental Level: (As per below for exemption on each paper)
Paper F1 Accountant in Business Upon completion of programme
Paper F2 Management Accounting Upon completion of programme
Paper F3 Financial Accounting Upon completion of programme
Paper F4 Corporate and Business Law Upon completion of programme
Paper F5 Performance Management ACY2002 Management Accounting 1 &
ACY3005 Management Accounting 2
Paper F6 Taxation ACY3003 Hong Kong Taxation
Paper F7 Financial Reporting ACY3111 Corporate Accounting 1 &
ACY3112 Corporate Accounting 2
Paper F8 Audit and Assurance ACY3004 Auditing and Assurance 1 &
ACY4004 Auditing and Assurance 2
Paper F9 Financial Management FIN2001 Financial Management &
FIN3004 Corporate Finance
CPA Australia (website) Exempted paper under Foundation Level: (As per below for exemption on each paper)
Accounting Systems and Processes ACY2001 Financial Accounting
Management Accounting ACY2002 Management Accounting 1 &
ACY3005 Management Accounting 2
Financial Accounting and Reporting ACY3111 Corporate Accounting 1 &
ACY3112 Corporate Accounting 2
Finance and Financial Management FIN2001 Financial Management &
FIN3004 Corporate Finance
Information Technology ACY4006 Accounting Information System
Business Law ACY2021 Hong Kong Business Law &
ACY3021 Hong Kong Company Law
Economics ECO1001 Business Economics 1 &
ECO1002 Business Economics 2
Quantitative Methods AMS1303 Probability and Statistics &
AMS2001 Quantitative Methods for Business Management
Taxation ACY3003 Hong Kong Taxation
Auditing and Assurance ACY3004 Auditing and Assurance 1 &
ACY4004 Auditing and Assurance 2
GRC Institute (GRCI website) Direct entry to Associate Education Programme Upon completion of programme
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