Page 1 - Newsletter-February-2017

Newsletter www.icap.org.pk Volume 40 Issue 2 | February 2017 Governance, Transparency and Service to Members and Students contents meets & events meets & events Finance Olympiad for Students Seminar on International Financial 4 Reporting Standards Seminar on Start-up Pakistan 5 Workshop by CPD Committee Riyadh 6 Seminar on Success in Professional Life Jeddah Pakistan Accountants Forum CPD Event 7 CA Toastmasters Club Lahore Meeting of CA Toastmasters Club 8 Islamabad member news Top 5 CPD Earners New Fellow/Associate Members 9 Obituary The Institute of Chartered Accountants of Pakistan (ICAP) organised New Firms the Finance Olympiad for its trainee students to display and test the technical update professionalism, knowledge, concrete decision making and aptitude of International Accounting Standards students. Board consults on clarifications to IFRS Standards The main purpose of the competition is to engage CA students for professional IAS 12 Income Taxes – Accounting for developments in a unique way and encourage them to discover their income tax consequences of payments on potential, exhibit their talent and celebrate their competence in a befitting financial instruments classified as equity 10 manner. It is also to provide an opportunity to trainee students to enhance IAS 23 Borrowing Cost – Borrowing costs their soft skills so that they can interact effectively with their coworkers and on completed qualifying assets people inside and outside the organisation. The competition was based on IAS 28 Investments in Associates and two rounds; first was the qualifying round and the second was the final round. Joint Ventures – Long-term interests in an associate or joint venture hr news The qualifying rounds were held simultaneously at Karachi, Lahore and Islamabad on December 24, 2016 where 60 contestants participated from all over Welcome on Board 11 Pakistan out of which two teams qualified for the Grand Finale from each station. Training & Development Winners of the first round were: Karachi: Mustafa Arif, KPMG Taseer Hadi student section 12 & Co.; Umer Rehman and Mohammed Hasnain, A. F. Ferguson & Co. and Career Counselling Sessions Syed Muhammad Ahmed, Ernst and Young Ford Rhodes. Lahore: Azain Minority Support Program 13 Gilani, Ernst & Young Ford Rhodes; Syed Salah-ud-din Bokhari, BDO Ebrahim & Co.; Ikram Shoukat, KPMG Taseer Hadi & Co. and Usama Mehmood, A. F. Examination News 14 Ferguson & Co. Islamabad: Zeeshan Younas and Muhammad Safeerullah, Rafaqat Babar & Co.; Izz Ghanaa Ansari, KPMG Taseer Hadi & Co. and Khawaja feedback 14 Muhammad Asad, A. F. Ferguson & Co. Chartered Accountants Avenue, Clifton, Karachi-75600 (Pakistan) UAN: 111-000-422 PABX: 99251636-39 Fax: 99251626 Email: [email protected]