Page 1 - NLmay2017-New

Newsletter www.icap.org.pk Volume 40 Issue 5 | May 2017 Governance, Transparency and Service to Members and Students contents meets & events meets & events Accounting Standards Board's First Meeting 2 ICAP Partners with Telenor Pakistan for Online Payments Solution ICAP Meets Management of WorldCall Interview of Chairman Taxation Committee 3 KSA Chapter CPD Event in Riyadh First Event of Qatar Management 5 Committee CPD Workshop in Riyadh 6 Overseas Chapter Managing Committee 7 2017-19 8 ICAP Launches Mentorship Program Continuing Professional Development 9 Engagement Drive CASA North Cricket Tournament 13 31st International CA Students Conference, 17 Sri Lanka 18 CAWC Celebrates Women's Day Live Show on PTV News & PTV World 24 he first meeting of the Accounting Standards Board (ASB) of The Institute member news 25 T of Chartered Accountants of Pakistan (ICAP) was held on April 6, 2017 in Professional Misconduct Karachi. technical update The ASB has been constituted by ICAP with a commitment to further 28 strengthen financial reporting in Pakistan, and includes representatives IASB Publishes Discussion Paper on from the Securities & Exchange Commission of Pakistan (SECP), State Disclosure Principles Bank of Pakistan (SBP), Pakistan Stock Exchange (PSX), Auditor General IASB Publishes Proposed Improvements to IFRS-8 of Pakistan (AGP), Higher Education Commission (HEC), industry and ICAP Submits Comments on 29 practitioners. ASB is chaired by Farrukh Rehman, Council member ICAP IASB’s Exposure Draft IFRS Annual and partner A. F. Ferguson & Co. The representatives of regulators include: Improvement 2015-2017 Ali Azeem Ikram, executive director SECP; Ayesha Riaz, additional director hr news 30 SECP; Farhan Ansari, head of Internal Audit PSX and Shaukat Zaman, director SBP. The three industry representatives include: Aftab Mahmood student section Butt, chief executive officer Kot Addu Power Company Limited (KAPCO); ICAP Alumni Success Stories Seminar 2017 31 Adnan Afaq, managing director Pakistan Credit Rating Agency Ltd. (PACRA) and Rayomond Kotwal, chief financial officer Habib Bank Limited ICAP and TEVTA Explore Avenues of Development in Underprivileged Areas 33 (HBL). Khuram Raza Qureshi, director general International Relation and Career Counselling Sessions 34 Coordination (IR&C) representing the Auditor General of Pakistan. The academia is represented by Dr. Farrukh Iqbal, dean of Institute of Business Examination News 36 Administration (IBA), a nominee of Higher Education Commission (HEC). Chartered Accountants Avenue, Clifton, Karachi-75600 (Pakistan) UAN: 111-000-422 PABX: 99251636-39 Fax: 99251626 Email: [email protected]