Page 4 - ICAP NewsLetter October 2014

NEWSLETTER The Institute of Chartered Accountants of Pakistan October 2014 Excel Workshop Mr. Abdul Rab, CPD Convener SRC commenced the workshop with his opening remarks and a recitation The Southern Regional Committee of the Institute of from the Holy Quran and introduced the workshop Chartered Accountants of Pakistan organized a 2-day facilitator. workshop on “Power Excel - An Advance Excel 2010 program” on October 29 and 30, 2014 at ICAP House, Mr. Saad Usman, Head of Controlling & Company Karachi. Secretary at Sanofi Pakistan conducted the workshop. His immense command over the subject and interactive style kept the participants engaged through both days of the workshop. To conclude the evening Mr. Abdul Rab thanked the speaker and invited Mr. Arslan Khalid, Chairman SRC to give his vote of thanks and presented a memento to Mr. Saad Usman followed by distribution of certificates to the participants. The workshop was attended by 28 participants, comprising of both, members and non- members. QCR Reports The Quality Assurance Board (QAB) in its 59th (adjourned) meeting held on October 21, 2014 considered and approved QCR reports of five firms. The QCR conclusions of three firms were "supported by appropriate audit evidence”, while QCR of two firms were concluded as “not supported by appropriate audit evidence". However due to the significance of a shortcoming/ weakness in the working paper files of a firm, the QAB in the aforesaid meeting also decided to carry out early review of the firm. 4