Page 2 - Newsletter-April-2016

Newsletter The Institute of Chartered Accountants of Pakistan deputy director Legal and Membership Affairs ICAP to the fundamental principles of the Code of Ethics Irfan Azam, executive director SECP Abid Hussain and for chartered accountants including the requirement director SECP Maheen Fatima. of addressing the threats to compliance with those principles. The representatives of ICAP highlighted the major irregularities and non-compliances of the applicable On the other hand, the presentation relating to the laws and regulations which have come to the attention Quality Control Review (QCR) process of ICAP focused of ICAP’s Investigation Committee on a recurring basis. on the QCR observations noted frequently during the The presentation also stressed the need to adhere review of working papers of the professional firms. 2 April 2016