Page 1 - Newsletter-January-2017

Newsletter www.icap.org.pk Volume 40 Issue 1 | January 2017 Governance, Transparency and Service to Members and Students contents special feature meets & events Resolutions 2017 Seminar on IFRS 9 – New Accounting Model 8 for Financial Instruments by Samina Iqbal Seminar on Salient Features in Companies 10 Ordinance, 2016 Seminar on Ethical Blindness for Finance, 11 Accounting & Audit Professionals Certificate Distribution Ceremony 12 ICAP Corporate Meet-up Session Lahore 14 Meetings with Corporate Sector 15 Fourth Trainees’ Induction Fair: A Matching Platform for Training Organisations and CA 16 Trainee Students MoU with Zeitgeist 17 CA Toastmasters Club Lahore CA Toastmasters Club Islamabad Promises. We make them. We break them. Fifth AGM of Overseas Chapter of 18 ICAP Members in KSA Plans. We make them, but don’t pursue them. First CPD Event of KSA in Riyadh 20 Fourth Family Event in Riyadh 21 Yet, we continue and love to set professional and personal goals and targets for ourselves and our families. CPD Event in Jeddah 22 There is no particular ’right time’ for this exercise. Daily, member news 23 weekly, monthly. However, with the arrival of every new year, we tend to review, renew, revise our pledges, and Professional Misconduct set new ones with vigour, and revitalise and rejuvenate ICAP Benevolent Fund 24 ourselves trying to pick up the scattered pieces yet again and give direction to our lives and careers. technical update New Interpretation on Foreign Currency 26 Resolutions 2017 is to engage the Institute’s members Transactions and Advance Consideration to share their promises to themselves with their peers. Amendments to IAS 40 to Clarify Transfers It is a reminder that we have another chance to fix up of Property to/from Investment Property 27 the wrong moves, finish undone jobs, and set new focus Best Corporate and Sustainability Report and direction. So what if we didn’t accomplish what we 2016 Awards set out to? There is another day, another year, another hr news chance… a new beginning. Like someone very aptly Welcome on Board 28 said: “Tomorrow is the first blank page of a 365 page book. Write a good one.” Happy 2017 to all. Training & Development However, not to forget that “Allah is the best of planners.” student section 29 (Al-Imran [The Family of Imran]: 3:54; Al-Anfal [The Spoils Career Counselling Sessions of War]: 8:30; Ar-Ra'd [The Thunder]:13:42). ICAP at Beaconhouse National College Fair 2016 32 Here's what the Institute members have promised Examination News themselves for 2017. Read on... Chartered Accountants Avenue, Clifton, Karachi-75600 (Pakistan) UAN: 111-000-422 PABX: 99251636-39 Fax: 99251626 Email: info@icap.org.pk