Page 22 - May-Newsletter-2019

Newsletter The Institute of Chartered Accountants of Pakistan Adnan Afaq, chief executive and managing director Pakistan Credit Rating Company (PACRA) participated as panellists. The panel discussion was moderated by Arslan Khalid in which numerous queries of the participation were addressed. Followed by the panel discussion, Adnan Afaq gave a presentation on ‘Digital Financial Reporting.’ Right after the lunch break, a ‘Debrief video of IASB’ was showcased, followed by a few more presentations made by Hena Sadiq, partner Deloitte Yousuf Adil on ‘Identifying Your Leases – Understanding the lease definition and exemptions,’ Sohail Malik, director Technical Services ICAP on ‘Transitioning to IFRS 16 – Options, Decisions and what should you be doing,’ and Zulfikar Ali Causer, partner BDO Ebrahim & Co. on ‘Preparing Your IFRS 16 Disclosure.’ A second panel discussion took place in which Hena Sadiq, Sohail Malik and Zulfikar Ali Causer were the panellists. The session was moderated by Imran Mustafa, subject matter specialist of ICAP. The presenters were Mohammad Zulfikar Akhtar, partner Representing International Accounting Standards A. F. Ferguson & Co. on ‘Classification and Valuation of Board (IASB), Chungwoo Suh, board member Your Financial Assets,’ Arslan Khalid, partner EY Ford IASB shared relevant updates through a live video Rhodes on ‘From Incurred to Expected – Impairment conferencing. Followed by the address, representatives of Financial Asset including Circular Debt,’ Amyn Malik, of the International Financial Reporting Standards (IFRS) partner KPMG Taseer Hadi & Co. on ‘Preparing Your IFRS London office joined through a video conference and 9 Disclosure’ and Syed Muhammad Fraz Zaidi, head of answered numerous queries of the participants. Strategy Faysal Bank on ‘Transitioning to IFRS 9 – Options, Decisions and what should you be doing.’ To conclude the program, mementos were presented to the speakers and panellists. Mohammad Zulfikar Akhtar, At mid-day; a panel discussion on IFRS 9 took place in Continuing Professional Development (CPD) convener which Mohammad Zulfikar Akhtar, Amyn Malik and SRC, gave the vote of thanks. Seminar on Anti-Money Laundering/Countering Financing of Terrorism for NPOs and Intermediaries, Islamabad T he Institute of Chartered Accountants of Pakistan (ICAP) Continuing Professional Development (CPD) Committee Islamabad/Rawalpindi arranged a seminar on Anti-Money Laundering/Countering Financing of Terrorism for NPOs and Intermediaries on April 3, 2019 at ICAP, Islamabad. The objective of the seminar was to update the members on regulatory measures for mitigation of Money Laundering/Terrorism Financing (ML/TF) risks in Non-Profit Organisations (NPOs) and registered intermediaries in the light of Financial Action Task Force (FATF) recommendations. The session started with the welcome note by Farooq Hameed, member Northern Regional Committee (NRC) 22 May 2019