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Newsletter www.icap.org.pk Volume 38 Issue 12 | December 2015 Governance, Transparency and Service to Members and Students contents meets & events meets & events ICAP Delegates Meet Federal Minister for Finance 2 ICAP President and VP Attend IFAC Council Meeting in Singapore Certificate Distribution Ceremony for 4 Newly Qualified CAs Seventh Annual Meeting of AOSSG at 6 Seoul, Korea SRC Seminar on Changes in the Auditor’s 7 Report – A Fundamental Shift Annual Dinner for ICAP Members and 8 Students at Jeddah Canada Chapter Event on Islamic Finance 9 Second CPD Event of KSA Chapter in 10 Riyadh Eighteenth Directors’ Training Program in Karachi 11 member news 14 feedback 15 technical update IASB Proposes Amendments to Address Concerns about Different Effective Dates 16 of IFRS 9 and New Insurance Contracts From L: Council members Rashid Ibrahim, Abdullah Yusuf, finance minister Ishaq Dar, president Standard ICAP Hafiz Mohammad Yousaf and Council member Naeem Akhtar Sheikh. IASB Proposals for Amendments under The Institute of Chartered Accountants of Pakistan (ICAP) delegates met the its Annual Improvements Project 17 (cycle 2014-2016) federal minister for finance Ishaq Dar on December 1, 2015. The delegation comprised of president ICAP Hafiz Mohammad Yousaf, past president and IASB Proposes Amendments to IAS 40 on Transfers of Investment Property Council member Naeem Akhtar Sheikh and Council members Abdullah IFRS Foundation Releases Training 18 Yusuf and Rashid Ibrahim. Special assistant to federal minister for finance Material for IFRS 9 and IFRS 15 Tariq Pasha was also present at the meeting. The finance minister greeted Materiality in Integrated Reporting the ICAP team. hr news ICAP president apprised Ishaq Dar regarding South Asian Federation of ICAP Hajj Scheme & President Self-Funded 19 Accountants (SAFA) Conference being organised by ICAP in January 2016 in Hajj Balloting for ICAP Employees Lahore when Naeem Sheikh is to take over as president SAFA. He requested student section 21 Dar to be the chief guest on the closing ceremony to be held on January 30 CA Trainee Induction Fair 2015 during which Best Presented Annual Report Awards would be distributed to winners from SAFA region. He graciously accepted the invitation. Career Counselling Sessions 22 Orientation Sessions 2015 24 Hafiz Muhammad Yousaf requested the federal minister for allocation of a Examination News 27 plot for construction of a building at government control rates in Lahore Chartered Accountants Avenue, Clifton, Karachi-75600 (Pakistan) UAN: 111-000-422 PABX: 99251636-39 Fax: 99251626 Email: [email protected]