Practice

PESHAWAR (December 11, 2014) – ACCA Pakistan recently inaugurated its office in Peshawar for the promotion of accounting and finance profession in Khyber Pakhtunkhwa. The inaugural ceremony was attended by Provincial Minister Secondary Education Mr. Muhammad Atif, Head of ACCA Pakistan Mr. Sajjeed Aslam and Head of North, ACCA Pakistan Mr. Junaid Ahmed. The opening of the Peshawar office strengthens ...

The Regulatory Advisory Services (RAS) unit of PricewaterhouseCoopers LLP in USA, one of the Big4 accounting firms, has been suspended for two years and fined $25 million by New York State Department of Financial Services. They have been charged with altering and improperly submitting an anti-money laundering compliance report for Bank of Tokyo Mitsubishi. According to findings, PwC bowed to ...

KARACHI (June 24, 2014) – The International Accounting Standards Board (IASB), which develops global accounting standards for accounting standards, and the Financial Accounting Standards Board (FASB), the body responsible for developing accounting policies in USA, in May 2014 issued the long-awaited converged standard for revenue recognition from customer contracts. The new standard hinges on the principle that companies depict the ...

ROLLING MEADOWS, IL, USA (July 30, 2013) – ISACA (Information Systems Audit and Control Association) has issued revised Information Systems (IS) Audit and Assurance Standards. The standards have an effective date of 1 November 2013. Introduced in 1988, the IS Audit and Assurance Standards define mandatory requirements for information systems (IS) auditing and reporting. They inform management of the expectations ...

ISLAMABAD (June 06, 2013) – ACCA and WWF Pakistan yesterday hosted the Green Economy Forum in Islamabad. The event attracted 150 participants including some CEOs, CFOs, ACCA members and other professionals from corporate, public sector and practice, NGOs and Media. The discussion forum ‘Corporate Pakistan Leadership in the Green Economy’, was led by industry experts including Javed Jabbar, Former Global ...

ISLAMABAD (March 12, 2013) – ACCA Pakistan (Association of Chartered Certified Accountants) and RCCI (Rawalpindi Chamber of Commerce and Industry) signed a Memorandum of Understanding last week to work together to support the business community by building its capacity and capability. The collaborative initiative will be in sharing research, policy views, training and development of business functions in large as ...

KARACHI (February 22, 2013) – Majority of Chief Financial Officers (CFOs) looking to appoint new staff for their businesses say they should ideally have both a breadth and depth of finance expertise and capabilities, a new report from ACCA (the Association of Chartered Certified Accountants) reveals. ACCA asked CFOs what was important to them when it comes to appointing newly ...

KARACHI (February 12, 2013) – Institute of Business Administration (IBA) in collaboration with the Institute of Chartered Accountants of Pakistan (ICAP) has designed an innovative four-year programme of combining the undergraduate academic degree in Accounting and Finance with a professional Chartered Accountancy qualification. Among other things, the programme also provides an exemption of four modules (12 subjects) from the CA ...

KARACHI (January 7, 2013) – To highlight and champion the work of the Chief Financial Officer (CFO), ACCA (the Association of Chartered Certified Accountants) will be running a campaign throughout January 2013. The aim of the campaign is to start 2013 with the spotlight shining on the vital role the CFO will play in the success of their companies as ...

KARACHI (November 21, 2012) – ACCA Pakistan yesterday organised Accountants for Business Global Forum Pakistan 2012 at Marriott Hotel, Karachi. The event aimed to surface the challenges facing businesses and in particular the accountancy profession through an exciting mix of three panel discussions. These innovative discussions were moderated by prominent industry experts including Mr. Junaid Iqbal, CEO Elixir Securities, Leon ...