Page 1 - Newsletter-November-2017

Newsletter www.icap.org.pk Volume 40 Issue 11 | November 2017 Governance, Transparency and Service to Members and Students contents meets & events meets & events 2 ICAP Elects Office Bearers for 2017-18 Seminar on Companies Act 2017 ICAP Taskforce Meeting with SECP, CDC, NCCPL & PSX Representatives 4 ICAP Organises Workshop on Change Management CAWC Open House for Female Trainees 5 Scaling the Fourth Industrial Revolution 7 ICAP Conducts DTP in Karachi 8 CA Toastmasters Clubs 9 ICAP Mentorship Program Bahrain Chapter of ICAP Members 13 member news 14 Vice President-North: Vice President-South: Annual Membership Fee for the Year 2017-18 16 Jafar Husain Farrukh Rehman technical update President: Riaz A. Rehman Chamdia Exposure Draft Definition of Material (Amendments to IAS 1 & IAS 8) IASB Issues Amendments to IFRS 9 & IAS 28 he 16th Council of The Institute of Chartered Accountants of Pakistan IAASB’s ISA 600 Project Update T (ICAP) in its first meeting held on October 27, 2017 elected its Office IFRS Foundation Published a Case Study 18 Bearers for the year 2017-18. Report for Improved Communication Comparison Between IAASB & US PCAOB The Council unanimously elected Riaz A. Rehman Chamdia as president Standards of the Institute, Farrukh Rehman as vice president-South and Jafar Husain Interim Financial Statements for the Year Ended on or Before December 2017 as vice president-North. Draft Regulations on Distribution of Dividends by Companies Riaz A. Rehman Chamdia is a fellow member of ICAP. Riaz Chamdia qualified Companies (Compliance and Reporting) in 1993 and is serving as country leader Audit & Assurance (Designate) in EY Regulations, 2017 Ford Rhodes, a member firm of Ernst & Young Global, since last 19 years. Riaz Companies (Investment in Associated 19 Companies or Associated Undertakings) Chamdia has been elected as a Council member for the terms 2013-17 and Regulations 2017-21 and vice president for the term 2013-14. He has also served as a SECP Introduces Shariah Advisors member of Southern Regional Committee (SRC) from 2009-2013 and as CPD Regulations, 2017 convener, honorary secretary and its chairman. Riaz Chamdia has also served hr news 20 as chairman of the Accounting Standards Committee and Examinations bubbles & briefs 21 Committee and served as a member of several committees of ICAP. Farrukh Rehman is a fellow member of ICAP. He qualified in 1996 and student section 22 is serving as Assurance partner, Territory Risk Management partner and Career Counselling Session Assurance Transformation leader in A. F. Ferguson & Co. Farrukh Rehman Teachers’ Training Session for A-Levels 23 has been elected as a Council member for the terms 2013-17 and 2017- National Finance Olympiad 2017 24 21. He has also been a member of Examination, Investigation, Executive, Chartered Accountants Avenue, Clifton, Karachi-75600 (Pakistan) UAN: 111-000-422 PABX: 99251636-39 Fax: 99251626 Email: info@icap.org.pk