Page 4 - PakistanAccountantOct-Dec2017

contents Signature Qualification CA that Empowers to Lead PAKISTAN The Council 4 Editor’s Letter Oct - Dec 2017 President Riaz A. Rehman Chamdia, FCA Muhammad Awais ACT 2017 Vice Presidents Farrukh Rehman, FCA 5 President’s Page COMPANIES Jafar Husain, FCA Riaz A. Rehman Chamdia Revamping Pakistan’s Corporate Law Cover Story Members Ashfaq Yousuf Tola, FCA Muhammad Ali Latif, FCA 6 Revamping the Corporate Regime Hina Usmani, FCA Muhammad Awais, FCA by Saira Shamsie Iftikhar Taj, FCA Rana Muhammad Usman Khan, FCA Khalid Rahman, FCA Saifullah, FCA 8 Companies Act 2017 Highlights Khalilullah Shaikh, FCA Syed Najmul Hussain, FCA by Bushra Aslam M. Sharif Tabani, FCA 9 Corporate Law Global Government Nominees Dr. Waqar Masood Khan Developments in the Last Two Decades Mohammad Abdullah Yusuf, FCA by Saira Shamsie Tariq Mahmood Pasha Zafar Abdullah 12 Trailing Corporate Steering by Qaisar Mufti Publication Committee Finance Chairman Muhammad Awais, FCA 16 New Approach for Financial Analysis Members by Umair Ismail Aneel Peter, ACA Omair Haroon, FCA Haris Bin Mohsin, ACA Sadia Shakoor, ACA Internal Control Hina Kazi, FCA Shahid Jamal Kazi, FCA In Search of Excellence – Iftikhar Taj, FCA Syed Athar Hussain Zaidi, FCA 18 Jafar Husain, FCA Syed Jawwad Ul Haq Haqqi, ACA Internal Control & COSO Mian Bilal Zia, ACA Syed Muhammad Hassan Ali, ACA by Sohail Malik Nadeem Butt, FCA Tariq Feroz Khan, FCA Naseer Ahmed, ACA Usman Zafar, ACA Accounting Nouman Razaq Khan, FCA Waqas Latif, ACA 20 International Accounting Chief Operating Officer Abdul Malik, FCA Standard 16 Property, & Secretary Plant and Equipment Executive Directors Farzana Munaf, FCA by Yasir Rizwan Masood Akhtar, FCA 22 Sustainability & Mohammad Razi Khan, FCA Social Accounting Tariq Kaleem by Aurang Zeb Khan Editorial Team Auditing Executive Editor Samina Iqbal 25 Assurance Mapping – How samina.iqbal@icap.org.pk Internal Audit Can Lead the Way Publication Asad Shahzad by Omer Iqbal Co-Ordinators asad.shahzad@icap.org.pk Taxation Afshan Aleem afshan.aleem@icap.org.pk 27 Reimbursement of Expenses Malik M. Shoaib Arif Subject to Income Tax? malik.shoaib@icap.org.pk by Mohammad Ali Editorial Office: Chartered Accountants Avenue Business Clifton, Karachi-75600 (Pakistan). Ph: 99251648, 99251636-39 29 The Emerging Business Paradigms Email: publications@icap.org.pk Website: www.icap.org.pk by Hashim Abid Hussain Discourse The views expressed are those of the writers and do not reflect The Institute of Chartered Accountants of Pakistan. All submissions received will be edited for clarity and space. 31 Does 'Thinking Big' Lead to Success? 2 The Pakistan Accountant October - December 2017