Page 1 - Newsletter-April-2016

Newsletter www.icap.org.pk Volume 39 Issue 4 | April 2016 Governance, Transparency and Service to Members and Students contents meets & events meets & events 3 Awareness Session for Practicing Members of ICAP ICAP CFO Conference 2016 CAWF Celebrates Women’s Day 2016 4 Annual Dinner of UK Chapter 6 Pakistan Day Reception Overseas UK Chapter Meet Commercial 7 Counsellor, Pakistan High Commission UK Glimpses of SRC Seminar 8 What it Takes to Build a Successful Career Toastmasters Club Faisalabad ICAP Concludes Customised DTP for Mughal Steel 9 ICAP Concludes 21st Director’s In order to create awareness of general issues faced by the practicing Training Program in Karachi chartered accountants, the Securities and Exchange Commission of Pakistan (SECP) and The Institute of Chartered Accountants of Pakistan member news (ICAP) have conducted awareness session on April 7, 2016 at the Royal Palm Publication of Findings & Decisions of 12 Golf & Country Club Lahore. A similar session was earlier held successfully Council under Section 20I of Chartered in Islamabad. Accountants Ordinance, 1961 Chartered accountants have a vital role in ensuring public trust in financial technical update reporting and business practices and upholding the reputation of the IASB Publishes Clarifications to accountancy profession. It has been noted that there is a need to update IFRS 15 14 practicing members in certain areas in order to assist them in carrying Round Table on IFRS 15 out their work in accordance with the changing requirements of the hr news professional and technical standards. Welcome on Board 15 The SECP’s part of the awareness session was focused on the ’Regulators Training and Development Perspective on Audit Profession.’ The main objective of the SECP being the apex regulator, was to highlight the efforts which it is putting in to student section bring its quality at par with the more advanced corporate jurisdictions Career Counselling Sessions 16 of the world. Emphasis was put on the evolving role of the auditor and the need for flexibility and adaptability of the audit professional to the 17 Meetings with Corporate Sector continuous changes proposed by International Federation of Accountants Examination News (IFAC). Moreover, those areas of weaknesses were highlighted which were 18 observed by the SECP based on which proceedings were initiated against feedback the practicing chartered accountants and to educate them to overcome these weaknesses. meet of the month Career 20 The speakers of the awareness session included Council member When will I be promoted…? ICAP Rashid Ibrahim, director Quality Assurance ICAP Shahid Hussain, Chartered Accountants Avenue, Clifton, Karachi-75600 (Pakistan) UAN: 111-000-422 PABX: 99251636-39 Fax: 99251626 Email: info@icap.org.pk