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ACCA Releases Discussion Paper on Gender Diversity on Boards in Pakistan

KARACHI (August 10, 2010) – ACCA Pakistan recently organised a discussion forum on ‘Gender Diversity on Boards in Pakistan’ in conjunction with the launch of a discussion paper having the same title. The forum was paneled by key personnel from Pakistani public practice, corporate and public sectors. These panelists included Mr Arif Masud Mirza, Head of ACCA Pakistan, Mr Haroon ...

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ACCA launches Foundations in Accountancy awards

KARACHI (Jul 19, 2010) – ACCA Pakistan has announced Foundations in Accountancy, a new suite of entry-level awards designed with both students and employers in mind. Foundations in Accountancy is being introduced after detailed consultation with employers, learning providers, members, students and other professional accountancy bodies and regulators. Retaining a revised Certified Accounting Technician (CAT) Qualification, Foundations in Accountancy provides ...

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G20's four pillars for agenda reform built on uneven foundations: ACCA

KARACHI (July 06, 2010) – The global body for accountants, ACCA (the Association for Chartered Certified Accountants) has responded to last week's G20 meeting by saying that its “pillars for agenda reform” are built on shaky ground. The G20’s first pillar – a strong regulatory framework, and the third pillar – resolving issues to do with financial institutions in crisis ...

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Accountants More Optimistic Despite Concerns for Global Economic Conditions: ACCA Survey

KARACHI (June 22, 2010) – The threat posed by levels of sovereign debt and rising inflation to the global economic recovery has been highlighted in the worlds largest regular survey of professional accountants. The Global Economic Conditions Survey for the second quarter of 2010 by ACCA shows that, for the first time, the majority of global respondents now believe that ...

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ACCA and PIFRA Sign MoU for Financial English Training

KARACHI (June 11, 2010) – ACCA Pakistan has reiterated the value of ICFE (International Certificate in Financial English) to its partners in the corporate and public sectors by recently signing a memorandum of understanding with PIFRA (Project for Improvement of Financial Reporting and Auditing). ICFE is a joint qualification of ACCA and University of Cambridge aimed at assessing English language ...

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Highlights of the the Federal Budget 2010-11

KARACHI (June 06, 2010) – The finance minister yesterday announced the federal budget for 2010-2011 in the parliament. The highlights of the budget are listed below. A. INCOME TAX BUDGETARY MEASURES Relief Measures 1. In order to provide relief to large number of taxpayers deriving their incomes from Salary and business, the limit of Basic Exemption is proposed to be ...

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ICAP Holds Seminar on Key Changes to International Standards on Auditing (ISA)

KARACHI (June 03, 2010) – In 2009 International Auditing and Assurance Standards Board (IAASB) completed its Clarity Project regarding the International Standards on Auditing (ISAs). In view of the significance of the subject and its impact on the auditing profession in Pakistan, the Southern Regional Committee of the Institute of Chartered Accountants Pakistan recently organized a seminar to present the ...

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SECP Act 2010 Draft Proposal: Destruction of documents to be a serious offense

ISLAMABAD (May 26, 2010) – Securities and Exchange Commission of Pakistan Act 2010 will consider destruction of documents by companies as a serious offense in case a person deliberately destroys, falsifies, conceals or disposes of any document which is required during inspection or investigation by the commission. Sources told reporters here on Tuesday the draft of the Securities and Exchange ...

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ACCA calls on G20 nations to drive reform of the global financial agenda

KARACHI (May 26, 2010) – As the Group of Twenty nations (G20) prepares to meet in Toronto next month, ACCA (the Association of Chartered Certified Accountants) has put forward its key recommendations for global policy-makers. On 26-27 June 2010, around 1500 delegates, including heads of state, will convene to discuss the global financial crisis and assess what progress has been ...

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