Page 6 - NewsletterOctober2015

Newsletter The Institute of Chartered Accountants of Pakistan The chief guest of the event, Muhammad Hassan director of Praxis Partners, LLC, a financial advisory firm Wazir, deputy head of mission, Embassy of Pakistan, focused on providing mergers and acquisitions advisory was appreciative of the most representative and active services to middle-market companies and custom platform for the Pakistani accountants in the Kingdom. executive education programs for financial institutions. He thanked the management committee for their dedication and selfless efforts. ICAP Directors Training Program Muhammad Iqbal, ICAP-KSA Chapter president in his in Lahore address highlighted the achievements of the Chapter including opening of a bank account, first submission of the audited financial statements, the 4th annual Saudi- Pak Symposium, SOCPA and ICAP joint conference at Jeddah, organising 16 CPD events, family event in Al- Khobar, contribution towards CA talent program of ICAP, Best Overseas Chapter award and organising ICAP final exams in Riyadh. Muhammad Iqbal thanked the Pakistan embassy and SOCPA for their continued support and patronage. He also thanked Talal Abu Ghazaleh & Co. for conducting the audit on an honorary basis. The president also praised the efforts of members of all committees. Participants of DTP Session 1 held on September 29 & 30, 2015 The audited financial statements of ICAP KSA Chapter for the year ended June 30, 2015 were presented by The Institute of Chartered Accountants of Pakistan (ICAP) Khurram Amanullah, head of Financial Affairs with an held the 16th DTP session on September 29 and 30, 2015 unqualified audit report. The meeting approved the at Avari Hotel, Lahore. last AGM minutes, audited financial statements and reappointment of external auditors for next financial A total of 11 professionals from prestigious organisations year. attended the first session. Amongst the speakers in the first session were Rana Usman, Iftikhar Taj Mian, Usman Tahir, Abdul Rahim Suriya and Kamran Azim. The session The AGM was followed by a CPD session, which included was energetic with various exercises and discussion a presentation on SOCPA IFRS Transition Plan Update of case studies during the modules. As always, the first by Asif Iqbal. session concluded with the certificate distribution ceremony. The participants appreciated the interactive The event ended with a sumptuous dinner in honour of approach and unique blend of knowledge content and the speakers and guests. experience sharing provided by the trainers. Webinar on Mergers and The second session is scheduled to be held on October 26 and 27, 2015 at Avari Hotel, Lahore. Acquisitions CA Toastmasters Club Meeting The Institute of Chartered Accountants of Pakistan (ICAP) Southern and Northern Regional Committees organised Lahore a live webinar on Enterprise Valuation for Mergers and Acquisitions Overview on October 6, 2015. The webinar Members of any club lose their interest when the was attended by around 185 participants. Majority of the proceedings of the club become stagnant. In cognisance participants attended via remote location, whereas the of this, the executive committee of CA Toastmasters Club regional committees had also made arrangements for Lahore (CATMCL) decided to review meeting practices members at the ICAP House. in the light of international best practices through a specifically designed five-hour session to train its The speaker, Dr. Michael J Ho, Darden Business School, members. The focus of the session was mainly on the University of Virginia, is the founder and managing following thematic areas: 6 October 2015