Page 28 - Newsletter-March-2018

Newsletter The Institute of Chartered Accountants of Pakistan Newsletter Monthly Governance, Transparency and Service to Members and Students Read about the Institute's meets and events, members' news, technical update, students section and much more... Newsletter www.icap.org.pk Volume 41 Issue 2 | February 2018 Governance, Transparency and Service to Members and Students contents meets & events www.icap.org.pk Volume 40 Issue 12 | December 2017 www.icap.org.pk Volume 40 Issue 10 | October 2017 Certificate Distribution Ceremony Newsletter Newsletter meets & events ICAP President Attends ICAI International Governance, Transparency and Service to Members and Students Governance, Transparency and Service to Members and Students Conference for CA Students in Pune 3 Workshop on Fraud Investigation Seminar on Anti-Money Laundering Act 2010 & Benami Transaction (Prohibition) contents meets & events contents meets & events Act 2017 5 Seminar on Agreed Upon Procedures Annual General Meeting of ICAP – Working Papers and Reporting meets & events IFAC 40th Annual Council Meeting meets & events ICAP Signs MoU with IGI Insurance Ltd. President ICAP Attends IFAC Council Meeting 2 ICAP Member Elected on IFAC Board A Session on IFRS 9 for PBA & SBP 4 ICAP COO & Secretary Attends Sham-e-Mizah 6 CAW Meeting 3 ICAP Seminar on Companies Act 2017, Lahore Challenges & Solutions CASA Elections 8 Seminar on Governance in Pakistan – 4 ICAP PAIB Committee Conducts 6 ICAP Conducts DTP in Islamabad 9 Seminar on New Leases Standard IFRS-16: Interview Skills Workshop in Lahore 7 Implementation Experience Sharing from Germany ICAP Continues CPD Engagement Drive CA Toastmasters Club Lahore www.icap.org.pk Volume 41 Issue 1 | January 2018 Seminar on Companies Act 2017 6 www.icap.org.pk Volume 40 Issue 11 | November 2017 www.icap.org.pk Volume 40 Issue 9 | September 2017 ICAP Directors’ Training Program CA Toastmasters Club Islamabad 11 in Islamabad Scheduled for Lahore 8 Seminar on Companies Act 2017 New Cafeteria for ICAP Karachi Office 12 Newsletter in Peshawar 7 Newsletter Newsletter KSA Chapter CPD Event on Value Added Tax Implementation Experience Committee of UAE Chapter ICAP's Strategic Planning Session 13 Seminar on IFRS-16 with Practical 8 Two New Members in Management 9 Seminar on Value Addition of CAs Establishment of Management Committees in Australia and USA member news 14 Governance, Transparency and Service to Members and Students in Business 10 9 Governance, Transparency and Service to Members and Students Governance, Transparency and Service to Members and Students Meetings with Corporate Sector Canada Chapter Members’ Dinner ICAP Students' Conference 2017 10 technical update NRC Elected Office Bearers for the CPD Event on IFRS 15 SECP Curtails Foreign contents meets & events Year 2017-18 12 contents meets & events & Award Ceremony in Qatar 11 contents meets & events Persons’ Shareholding Limits he Certificate Distribution Ceremony for the newly qualified chartered Information Session on Writing CFE meets & events Canada Chapter 12 ICAP Conducts DTP in Lahore Family Picnic Organised by PSX Regulations Remain Applicable in T accountants was hosted by The Institute of Chartered Accountants My BIGGEST REGRET 2017 President ICAP Meets MC Canada Chapter 14 ICAP past president and Council member Yacoob Suttar (L), newly elected member on IFAC 2 ICAP Elects Office Bearers for 2017-18 meets & events 5 Best Corporate and Sustainability CA Toastmasters Clubs Addition to CCG Regulations of Pakistan (ICAP) and organised by Southern Regional Committee (SRC) Showcase Meeting: CA Toastmasters 15 board with president ICAP Riaz A. Rehman Chamdia at IFAC Council meet, Brussels, Belgium. 13 ICAP Signs MoU with Concordia Colleges Seminar on Companies Act 2017 meets & events Companies Investment in Associated Club Karachi ICAP Taskforce Meeting with SECP, CDC, Report 2016 Awards Ceremony he International Federation of Accountants (IFAC), in a Press Release, NCCPL & PSX Representatives Companies or Undertakings 15 ICAP on December 12, 2017 at the Karachi Marriott hotel. 6 CA Toastmasters Clubs 17 T announced that three new board members were elected, while two member news 14th August Celebrations at ICAP 6 Regulations 2017 National Finance Olympiad 2017 National Finance Olympiad is Back 19 ICAP Organises Workshop on Change 4 ICAP Benevolent Fund 17 Corporate Governance Action Planning ICAP's CAWC Leadership Summit 2017 Management 10 Concludes With A Bang! SECP Amends Public Offering One hundred and fourty-eight newly qualified CAs of the Southern region member organisations and one associate organisation were admitted Workshop for SMPs CAWC Open House for Female Trainees Regulations to Promote Quality IPOS received their certificates, 13 students received merit certificates and one member news to IFAC, at its 40th annual Council meeting held on November 21, 2017 5 technical update 20 CA Toastmasters Club Karachi 8 ICAP's NRC Meetup with Governor Punjab 16 Scaling the Fourth Industrial Revolution in Brussels, Belgium. Expanding SMP Services: Agreed- Extension in Time Deadline 21 7 ICAP Conducts DTP in Karachi Accounting Standards Board Deliberates 17 Upon Procedures Engagements was awarded a gold medal for outstanding performance. The theme for – Membership Fee 2017-18 Three new IFAC board members are: Yacoob Suttar, Pakistan, nominated 8 hr news CA Toastmasters Club Lahore 9 on IFRS 17 Insurance Contracts the evening was, Think – Strive – Achieve. student section CA Pakistan Brand Ambassadors 18 technical update 22 by The Institute of Chartered Accountants of Pakistan (ICAP); Asmâa 9 Training & Development 22 CA Toastmasters Club Islamabad 10 CA Toastmasters Clubs 13 ICAP Mentorship Program 19 Results of CA Final Examinations Winter 2017 16 The president ICAP Riaz A. Rehman Chamdia, in his address, congratulated “Why run a page full of regrets? Why not ask the members student section Resmouki, Morocco, nominated by Ordre Des Experts Comptables; and student section CA Toastmasters Club Multan 11 Bahrain Chapter of ICAP Members Seminar on Companies Act 2017 ElbanoDe Nuccio, Italy, nominated by Consiglio Nazionale Dei Dottori New Overseas Management Committee about their greatest achievements in 2017. This could be the newly qualified and their parents and encouraged them to stay on the Career Counselling Session Elected for KSA Chapter inspiring as well as upbeat.” Record Applications Received for 23 Commercialisti Degli Esperti Contabili. member news 14 Vice President-North: Concordia College Lahore Open Day 23 ICAP Staff and Family Picnic 2017 12 Edhi-CA Talent Scholarship Program Vice President-South: Farrukh Rehman Teachers Training Seminar 17 path of success. ICAEW Achievement Award “Instead of Biggest Regret which gets one in a negative Career Counselling Session Yacoob Suttar is a fellow member of ICAP and Institute of Cost and Jafar Husain Concordia College Islamabad Open Day 24 member news 16 20 Annual Membership Fee for the Year 2017-18 ICAP Examinations held in Riyadh and Jeddah Professional Misconduct technical update New Training Organisations outside Practice 19 The guest speakers for the evening were: Abdul Aleem, CEO and secretary mode, why not ask for Biggest Goal, or a goal one managed Career Fairs 25 Management Accountants of Pakistan (ICMAP). He has contributed at SBM Abbottabad Open Day he 56th Annual General Meeting (AGM) of The Institute of Chartered 13 Presentation Skills Competition 2017 Examination News general Overseas Investors Chamber of Commerce and Industry, and to achieve in 2017. This will generate positivity.” Registration of Training Organisations 26 IFAC as member and deputy chair of the IFAC Professional Accountants President: Riaz A. Rehman Chamdia Top 5 CPD Earners Registered Accounting School Systems Registered Accounting Education Tutors 25 T Accountants of Pakistan (ICAP) was held on September 11, 2017 at Two Free VAT Seminars Conducted in Riyadh Scheme 2016 in Business (PAIB) Committee from 2011-2016. He has served as ICAP Exposure Draft Definition of Material Shabbar Zaidi, past president ICAP. Abdul Malik, COO and secretary ICAP Examination News (Amendments to IAS 1 & IAS 8) bubbles & briefs 20 also addressed the audience. CA Toastmasters Club Lahore 21 “I was shocked. What kind of topic is it? Most depressing. Why bubbles & briefs Council member for the term 2009-17, has been president ICAP (2014- he 16th Council of The Institute of Chartered Accountants of Pakistan ICAP House in Islamabad. The meeting was attended by a good number of 1 IASB Issues Amendments to IFRS 9 & IAS 28 New Fellow/Associate Members should one write about one's regrets? The topic should have participants who actively participated in the discussions on related matters with Scheme 2014 IAASB’s ISA 600 Project Update 15), and chairman ICAP Publication Committee (2015-17). Examinations News CA Toastmasters Club Islamabad 22 been my greatest achievements of 2017.” 27 IFRS Foundation Published a Case Study 18 T (ICAP) in its first meeting held on October 27, 2017 elected its Office 27 the members of the Council of the Institute. The AGM was followed by dinner. he Institute of Chartered Accountants of Pakistan (ICAP) organised, Bearers for the year 2017-18. New Firms Report for Improved Communication on the selection of My Biggest Regret 2017. Comparison Between IAASB & US PCAOB member news Chartered Accountants Avenue, Clifton, Karachi-75600 (Pakistan) UAN: 111-000-422 PABX: 99251636-39 Fax: 99251626 Email: [email protected] … and there were many other distressed calls and feedback Chartered Accountants Avenue, Clifton, Karachi-75600 (Pakistan) UAN: 111-000-422 PABX: 99251636-39 Fax: 99251626 Email: [email protected] The Council unanimously elected Riaz A. Rehman Sustainability Report 2016 Awards ceremony jointly with the Institute of Standards Chartered Accountants Avenue, Clifton, Karachi-75600 (Pakistan) UAN: 111-000-422 PABX: 99251636-39 Fax: 99251626 Email: [email protected] New Registered Accounting Education Tutor of the Institute, Farrukh Rehman as vice president-South and Jafar Husain Top 5 CPD Earners 25 Dear Members, the choice of this topic was not about Interim Financial Statements for the Year as vice president-North. 16 Cost and Management Accountants of Pakistan (ICMAP) on August 25, 2017 Ended on or Before December 2017 New Fellow/Associate Members negativity or pessimism or unconstructiveness. It’s about Draft Regulations on Distribution of New Training Organisations inside Practice at Pearl Continental Hotel, Karachi. moving ahead after taking stock of the year that was. Dividends by Companies Riaz A. Rehman Chamdia is a fellow member of ICAP. Riaz Chamdia qualified New Training Organisation outside Practice technical update 26 Just as we gear up to list our resolutions for the New Year, with Companies (Compliance and Reporting) in 1993 and is serving as country leader Audit & Assurance (Designate) in EY hr news The event was largely attended by the CEOs, CFOs and other senior officials Regulations, 2017 of the listed companies, including members of both the Institutes. The Ford Rhodes, a member firm of Ernst & Young Global, since last 19 years. Riaz 2017 coming to an end, it’s also time to reflect back on the Companies (Investment in Associated 2017-21 and vice president for the term 2013-14. He has also served as a Regulations student section year that was. Talking about a trail of regrets…? Why not? Life Companies or Associated Undertakings) 19 Chamdia has been elected as a Council member for the terms 2013-17 and Training & Development 17 governor Sindh Muhammad Zubair was the chief guest while the guests of honour were Asad Ali Shah and Zafar Iqbal Sobani, past presidents ICAP; is not all about roses and successes, it’s about failures too, and CA Pakistan Olympiad 2017 28 most important of all, learning from failures. ICAP Publication SECP Introduces Shariah Advisors member of Southern Regional Committee (SRC) from 2009-2013 and as CPD Welcome on Board Kashif Mateen Ansari, past president ICMAP and Muhammad Hanif Ajari, Regulations, 2017 convener, honorary secretary and its chairman. Riaz Chamdia has also served past vice president ICMAP. Career Counselling Session 29 department requested you to share with your peers your hr news 20 as chairman of the Accounting Standards Committee and Examinations student section Biggest Regret 2017 as we talk of achievements ever so often. Orientation Sessions for Fresh Intake of 31 However, at times, identifying and being aware of our failures, Committee and served as a member of several committees of ICAP. CA Pakistan ICON Debator 2017 18 The chairman Joint Evaluation Committee, Yacoob Suttar in his welcome Chartered Accountants regretting the lost time, and sharing with others help to focus, bubbles & briefs 21 note, appreciated all the 151 companies that participated in the competition Career Fairs 32 plan better, perform better and deliver dreams on time. A very student section Farrukh Rehman is a fellow member of ICAP. He qualified in 1996 and Career Counselling Sessions 19 and congratulated the winning companies. Trainees’ Induction Fair 33 happy 2018 to all ICAP members, students, affiliates and staff. Career Counselling Session 22 is serving as Assurance partner, Territory Risk Management partner and Express Education Expo 2017 He said that the objective of the awards is to encourage the publication May this new year be full of joy for you and your dear ones... Assurance Transformation leader in A. F. Ferguson & Co. Farrukh Rehman bubbles & briefs 35 - Samina Iqbal Teachers’ Training Session for A-Levels 23 has been elected as a Council member for the terms 2013-17 and 2017- Career Fair at PAC Peshawar 20 of timely, accurate, informative and well-presented annual reports for National Finance Olympiad 2017 24 21. He has also been a member of Examination, Investigation, Executive, Examination News shareholders, investors, regulators employees and stakeholders who may Chartered Accountants Avenue, Clifton, Karachi-75600 (Pakistan) UAN: 111-000-422 PABX: 99251636-39 Fax: 99251626 Email: [email protected] Chartered Accountants Avenue, Clifton, Karachi-75600 (Pakistan) UAN: 111-000-422 PABX: 99251636-39 Fax: 99251626 Email: [email protected] Chartered Accountants Avenue, Clifton, Karachi-75600 (Pakistan) UAN: 111-000-422 PABX: 99251636-39 Fax: 99251626 Email: [email protected] Volume 40 Issue 7 | July 2017 Newsletter www.icap.org.pk Newsletter www.icap.org.pk Volume 40 Issue 5 | May 2017 Newsletter www.icap.org.pk Volume 40 Issue 3 | March 2017 Governance, Transparency and Service to Members and Students Governance, Transparency and Service to Members and Students Governance, Transparency and Service to Members and Students contents meets & events contents meets & events contents meets & events meets & events ICAP & SBP Host AAOIFI Public Hearing on meets & events Accounting Standards Board's First Meeting meets & events ICAP Workshop for SMPs: MoU Recognition by CPA Canada 2 Exposure Draft – Central Shariah Board ICAP Partners with Telenor Pakistan for 2 ICAP CFO Conference 2017 5 Helping SMPs Meet the Challenges & Online Payments Solution 'Meet the ICAP Office Bearers' at Jeddah The Chartered Accountants Women and Khobar 3 and Murabaha & Deferred Payment Sales ICAP Meets Management of WorldCall Committee Seize the Opportunities of Tomorrow ICAP and Knowledge Now Sign MoU to Interview of Chairman Taxation Committee 3 ICAP MoU with Education for All Foundation 6 Launch Webinar Repository for Members 4 KSA Chapter CPD Event in Riyadh Transition from Industry to Practice Post-Budget Seminars 5 www.icap.org.pk First Event of Qatar Management 5 www.icap.org.pk UK Chapter Annual Gala Dinner 2017 7 11 Committee Newsletter 8 Newsletter 6 7 8 Newslett 18er ICAP Officer Bearers Visit to UK Volume 40 Issue 4 | April 2017 CPD Seminar Faisalabad Volume 40 Issue 6 | June 2017 Volume 40 Issue 8 | August 2017 www.icap.org.pk CPD Workshop in Riyadh Excel Workshop SAFA Best Presented Annual Report Awards 12 CPD Seminar on Financial Corruption and Overseas Chapter Managing Committee 17 2017-19 The CFO Middle East Awards Real Estate Business Third CPD Event Riyadh Meetings with Corporate Sector ICAP Launches Mentorship Program ICAP Conducts 29th Directors’ Training Qatar Management Committee Program in Islamabad Continuing Professional Development Engagement Drive Governance, Transparency and Service to Members and Students 10 9 Governance, Transparency and Service to Members and Students 9 Governance, Transparency and Service to Members and Students Family Gala Dinner Bahrain Trainees’ Induction Fair Glimpses of ICAP Staff Eid Lunch 12 CASA North Cricket Tournament 13 ICAP Certified Director's Engagement Drive 19 20 The Institute of Chartered Accountants of Pakistan’s (ICAP) Small and 31st International CA Students Conference, 17 Directors’ Training Program contents contents meets & events CA Toastmasters Club 13 he Institute of Chartered Accountants of Pakistan (ICAP) in meets & events Sri Lanka CAWC Celebrates Women's Day 18 contents meets & events 21 Medium Practices (SMP) Committee organised a workshop for SMPs on Helping SMPs Meet the Challenges and Seize the Opportunities CA Toastmasters Club Karachi holds Showcase Meeting member news of Tomorrow at ICAP Houses in Karachi, Islamabad and Lahore on Live Show on PTV News & PTV World meets & events meets & events Top CPD Earners 16 T collaboration with the State Bank of Pakistan (SBP) hosted a Public ICAP Council Members Attend First IFAC 24 he first meeting of the Accounting Standards Board (ASB) of The Institute meets & events 12 SPECIAL COVERAGE CA Toastmasters Club Islamabad 23 February 6, 16 and 17, 2017. The workshop was attended by more than Hearing on behalf of Accounting & Auditing Organisation for Islamic 2 CA Toastmasters Club Lahore 160 practicing members. ICAP Participates in SAFA International member news Conference 2017 SRC Annual Family Get Together PAIBC Conducts Workshop 8 ICAP New Fellow/Associate Members Financial Institutions (AAOIFI) on the Exposure Drafts Governance PAODC Meeting in Kampala 25 T of Chartered Accountants of Pakistan (ICAP) was held on April 6, 2017 in Seminar on Offshore Assets, Karachi ICAP CFO Conference 2017 24 Seminar on Offshore Assets, Islamabad Karachi. Certificate Distribution Ceremony Karachi ICAP Budget Discussion 2017 Elections 2017 Remembering Council Member Usman 17 Standard: Central Shariah Board and Accounting Standard: Murabaha and 4 Professional Misconduct Seminar: The Change in Revenue 13 member news 28 ICAP president Nadeem Yousuf Adil in his welcome address shared the experience of his firm and also drew the attention of the audience Ghani Akbani Deferred Payment Sales at ICAP. Recognition – are you prepared? Post Budget Seminar 2017-18 An Ode to a Father 18 Gold Medal and Certificate Distribution technical update The ASB has been constituted by ICAP with a commitment to further Webinar on Living Business Models for towards the analysis of SMPs covering number of partners, staff and Ceremony 2017 Lahore strengthen financial reporting in Pakistan, and includes representatives banking and finance profession and members of ICAP. Omar Mustafa 10 ICAP Directors’ Training Program 9 technical update The sessions were attended by Shariah scholars, personnel from the 7 IASB Publishes Discussion Paper on 28 from the Securities & Exchange Commission of Pakistan (SECP), State Strategic and Operational Performance 14 technical update listed clients. SRC Pre-Budget Seminar Disclosure Principles Training Session on Presentation & 19 NRC Pre-Budget Seminar Bank of Pakistan (SBP), Pakistan Stock Exchange (PSX), Auditor General Interpersonal Skills IPSAS 40, Public Sector Combinations CPD Engagement Drive Ansari, deputy secretary general of AAOIFI presented the salient features 12 IASB Publishes Proposed Improvements of Pakistan (AGP), Higher Education Commission (HEC), industry and Workshop: Financial Modelling – Key Aspects 15 29 Farrukh Viqaruddin Junaidy, Naeem Akhtar Sheikh, and Mohammad to IFRS-8 Workshop on Report Writing Skills discussions. Ansari informed that with the growth and expansion of 14 Annual CPD Declaration 2016-17 10 hr news of the draft standards followed by full reading of drafts with interactive 13 ICAP Submits Comments on 29 practitioners. ASB is chaired by Farrukh Rehman, Council member ICAP ICAP Members' Family Get Together, Multan 16 IESBA’s Project Structure of the Code Maqbool were the workshop facilitators. Their command over the subject Managing People as Carefully as Managing Fifth Saudi-Pak Accountancy Symposium IASB’s Exposure Draft IFRS Annual and their interactive style kept the participants engaged. in Riyadh Ali Azeem Ikram, executive director SECP; Ayesha Riaz, additional director CPD Programs Money 20 Islamic banking and finance, a central or national approach has emerged and partner A. F. Ferguson & Co. The representatives of regulators include: ICAP Conducts 28th DTP in Karachi 17 hr news ICAP Office Bearers Meet SOCPA Officials Welcome on Board across the globe with respect to Shariah Boards that function at the level 16 Improvement 2015-2017 CPD Seminar in Faisalabad Training & Development 30 Farrukh Junaidy in his presentation made in Karachi highlighted the Issues CA Toastmasters Club of the wider Islamic finance industry, advising or supervising products, hr news SECP; Farhan Ansari, head of Internal Audit PSX and Shaukat Zaman, ICAP President at SOCPA Conference, 19 and Challenges of SMPs. He presented interesting facts and figures Family Reunion of ICAP Members in UAE Karachi 11 Job Vacancy for Quality Assurance Manager practices, operations, etc. Inaugural Cricket Tournament of Overseas 18 30 director SBP. The three industry representatives include: Aftab Mahmood Riyadh 20 Welcome on Board 31 related to SMPs and shared challenges which SMPs are facing today. CA Toastmasters Club student section Chapter UAE student section Butt, chief executive officer Kot Addu Power Company Limited (KAPCO); ICAP and SOCPA MoU Lahore 21 This governance standard seeks to provide guidance to the regulators to 19 ICAP Alumni Success Stories Seminar 2017 31 Adnan Afaq, managing director Pakistan Credit Rating Agency Ltd. 21 student section Career Counselling Sessionsommittee (PAIBC) of The Career Counselling Sessions Family Gala Peshawar PAF CPD Session he Professional Accountants in Business C 32 Naeem Akhtar Sheikh talked about the Helping SMPs Meet Challenges CA Toastmasters Club he Institute of Chartered 22 help define the key terms of reference and principles for such boards and Development in Underprivileged Areas 33 (PACRA) and Rayomond Kotwal, chief financial officer Habib Bank Limited ICAP MoU with CPA Canada 22 T Institute of Chartered Accountants of Pakistan (ICAP) held the annual and Seize Opportunities. From negoti ICAP Participates in The News Education to standardise the global regulatory practices in this respect. (HBL). Khuram Raza Qureshi, director general International Relation and ICAP Lahore Staff Trip to Naran & Shogran 22 ICAP and TEVTA Explore Avenues of Heaven on Earth how to use technology in one’s own favour, he shared various options 34 ICAP in Dawn Education Expo 2017 Expo 2017 Islamabad 12 T Accountants of Pakistan (ICAP) Career Counselling Sessions Coordination (IR&C) representing the Auditor General of Pakistan. The ICAP President’s Message: International CFO Conference 2017 Shaping the Future, Connecting the Dots: which, if utilised by a firm, can accomplish great results. His casual and Open House Session 2017 Learn - Leverage - Lead on March 14 and 16 at local hotels in Karachi Women's Day, March 8, 2017 ICAP Hyderabad on Mehran TV has successfully conducted the 23 The session on the Governance Standard was chaired by Dr. Ishrat Hussain, 25 34 academia is represented by Dr. Farrukh Iqbal, dean of Institute of Business A Historic Milestone - ICAP Forms 23 and Islamabad. interactive presentation style held the audience interest. In addition member news Examination News member news elections for the ICAP Council and 24 chairman AAOIFI Governance Board and the session on the Accounting Examination News 36 Administration (IBA), a nominee of Higher Education Commission (HEC). CA Women’s Committee Examination News 36 Directory of Members and Firms regional committees (Northern The world is experiencing new shifts; be it politics, technology or Top 5 CPD Earners and Southern) on July 29, 2017. technical update Breaking Stereotype 26 economy. The shifts and transformations are challenging the existing Chartered Accountants Avenue, Clifton, Karachi-75600 (Pakistan) UAN: 111-000-422 PABX: 99251636-39 Fax: 99251626 Email: [email protected] for the Year 2016-17 The members appreciated the IASB Issues a New Standard Chartered Accountants Avenue, Clifton, Karachi-75600 (Pakistan) UAN: 111-000-422 PABX: 99251636-39 Fax: 99251626 Email: [email protected] Women in Accounting economic and business models, thereby pushing the business leaders Chartered Accountants Avenue, Clifton, Karachi-75600 (Pakistan) UAN: 111-000-422 PABX: 99251636-39 Fax: 99251626 Email: [email protected] New Fellow/Associate Members 13 efforts of the management of the IFRS 17 Insurance Contracts member news 27 to think differently and redefine their business strategies and leadership IESBA Proposes New Guidance for styles to lead and succeed. New RAET Institute for smoothly conducting Professional Skepticism and Professional technical update the election process at all centers. Judgement 26 Exposure Draft: Guide on Auditor’s This year’s CFO Conference theme, Shaping the Future, Connecting the Proposed ISA 540 (Revised), Dots: Learn - Leverage - Lead, was completely in line with this changing technical update Auditing Accounting Estimates Responsibilities Relating to Going 28 and Related Disclosures Concern Assumption in an Audit of paradigm. Renowned industry experts and business leaders connected IASB Publishes Proposed Companies Bill 2017 Council members Naeem Akhtar Sheikh and Farrukh Rehman presenting ICAP Coffee Table Financial Statements the dots at the event and shared their vision about the impetus needed to Amendments to IAS 16 Regarding History: Decades of Excellence to (Top) chairman IFAC PAODC Protazio Begumisa (L) president CA hr news shape the future and the key ingredients that can empower professionals Proceeds Before Intended Use 14 hr news 27 Sri Lanka Arjuna Herath and (R) president IFAC Rachel Grimes at the first IFAC PAODC meeting. 28 to lead and succeed. SME Implementation Group Publishes he first meeting of the reconstituted International Federation feedback 29 The conference began with the recitation from the Holy Quran followed Draft Q&A for Comment feedback 28 T of Accountants (IFAC) Professional Accountancy Organisations by the National Anthem. The president ICAP Nadeem Yousuf Adil student section Development Committee (PAODC) was held on April 30, 2017 in Kampla, student section delivered the opening address and welcomed the participants to the hr news CA Pakistan Olympiad (Undergraduate Level) 30 unique opportunity to interact with the business and finance community Career Counselling Sessions Council members Naeem Akhtar Sheikh and Farrukh Rehman attended Program To Resolve A Conflict, What’s New at ICAP Education & Training 29 Uganda. The Institute of Chartered Accountants of Pakistan (ICAP) Meet with Archbishop Joseph Coutts on 31 at large. He informed that ICAP has established its offices in various cities of the country to provide students of far-flung areas with the opportunity First Decide: Is it Hot or Cold? 15 LSE’s Fifth Annual Business Research 30 the meeting. Naeem Akhtar Sheikh has been selected by the nominating Minority Support Program 33 to become chartered accountants. In this connection, Edhi CA Talent Training & Development Conference committee of IFAC for the PAODC as member along with Farrukh Rehman Examination News Program has also been launched which benefits deserving students. Examination News 32 as technical advisor. 35 Chartered Accountants Avenue, Clifton, Karachi-75600 (Pakistan) UAN: 111-000-422 PABX: 99251636-39 Fax: 99251626 Email: [email protected] Chartered Accountants Avenue, Clifton, Karachi-75600 (Pakistan) UAN: 111-000-422 PABX: 99251636-39 Fax: 99251626 Email: [email protected] Chartered Accountants Avenue, Clifton, Karachi-75600 (Pakistan) UAN: 111-000-422 PABX: 99251636-39 Fax: 99 Publication Department The Institute of Chartered Accountants of Pakistan 28 March 2018