KARACHI (November 24, 2010) – ACCA Pakistan's ACCA Accountancy Futures Symposium was today inaugurated at a local hotel. The first day of the symposium hosted corporate leaders, business men, professional accountants and policy makers elucidated on the two key challenges facing business and the profession today – the value of audit in modern world and Generation Y: Realizing the Potential.
Mr Arif Masud Mirza, head of ACCA Pakistan, welcomed the symposium participants and panelists, “It is a pleasure to host one of the most exciting and innovative events of the accountancy profession in 2009. The Global economic landscape has placed professional accountants in key positions as drivers of sustainability and long term profitability. This two-day symposium presents an ideal opportunity to determine the way forward for 2011”.
Mr Vince Harris, CEO, HUBCO opened the discussion on Value of Audit in the modern World, “it's vital that the accountancy profession re-examines the role of audit and considers whether a sufficiently strong case is being put forward of the benefits audit can provide to businesses, the economy and society. The value of audit to society needs to be evidence-based and constantly tested against the demands and needs of users and beneficiaries of audit and assurance.”
The panel discussion on the above topic was moderated by Mr Junaid Iqbal, CEO BMA Financials and panelists included Mr Feroz Rizvi CFO, ICI Pakistan Ltd, Mr Salim Chinoy, Partner and Country Serviceline Leader Assurance, Ernst & Young Ford Rhodes Sidat Hyder & Co. Chartered Accountants, Mr Nadeem Yousuf Adil, Partner, M. Yousuf Adil Saleem & Co.