Page 6 - Newsletter-March-2017

Newsletter The Institute of Chartered Accountants of Pakistan ICAP MoU with Education for All Foundation The Institute of Chartered Accountants of Pakistan (ICAP) was attended by Nadeem Yousuf Adil, president signed a Memorandum of Understanding (MoU) with the ICAP, who appreciated EFAF’s efforts in promoting Education for All Foundation (EFAF) on January 17, 2017 educational opportunities in local communities. at ICAP House, Karachi. Under this MoU, EFAF will provide Khalilullah Shaikh, chairman EFAF and VP South-ICAP, 100% financial assistance/scholarship to two deserving apprised the participants about the goals of EFAF and students of ICAP’s Edhi CA Talent Program. The financial its future plans. Asif Ali Khuhro, general secretary EFAF, assistance/scholarship will continue for five years, which is briefly informed about the activities of EFAF including the entire duration of the students’ CA study period. government school adopting initiative with a target of providing quality schooling to one million students. The Edhi CA Talent Program was established by ICAP Masood Akhtar, officiating secretary ICAP, and Omair in 2013, with the objective of providing education to Jamal, senior director Education and Training ICAP, were underprivileged students. The MoU signing ceremony also present at the MoU signing ceremony. Transition from Industry to Practice Industry members again have various concerns regarding how to start their practice. Making this transition choice easier for our industry members, The Institute of Chartered Accountants of Pakistan (ICAP) Continuing Professional Development (CPD) Committee arranged a valuable CPD Program Transition from Industry to Practice under the chairmanship of M. Ali Latif, FCA, (industry members representative) on January 20, 2017 at ICAP House Lahore with renowned speaker Shaukat Amin Shah, FCA, past president ICAP. The speaker who started his own practice after serving in the industry, shared his personal experiences along After becoming chartered accountants, the members have with his valuable advice to our esteemed members on two directions to explore – Industry vs. Practice. Even the topic. The session was attended by a large number though most members opt for jobs in the corporate world, of ICAP members from Lahore as well as other cities. due to various reasons, they still feel that they will come M. Ali Latif gave the concluding remarks and also back to the profession. They wish to join public practice discussed various regulatory formalities needed for after serving some time in industry so as to learn the ropes CA firm registration. The members were extremely of the trade and then start practice of the industry as appreciative of this one of a kind CPD seminar specialists in which they have served during their jobs. conducted for aspirant practicing members. 6 March 2017