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ACCA challenges G20 to adopt a global reporting language

The G20 members’ meeting in London on 2 April 2009 must establish a new architecture for global financial and economic relations, says ACCA (the Association of Chartered Certified Accountants) in a discussion paper about the upcoming summit. Arif Masud Mirza, Head of ACCA Pakistan, says: “The G20 have many problems to solve – how to cope with the increasing complexity ...

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ACCA Hosts Conference: Accountancy Creating Resilient Enterprises

(12 March 2009 – Karachi) ACCA Pakistan hosted SME Conference at a local hotel where ACCA launched its SME Policy “Supporting Enterprises Globally”. The conference provided a useful forum to discuss the challenges faced by SMEs in the current global economic climate and proposed pragmatic solutions to the key issues impeding growth of this crucial sector of countrys economy. The ...

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ACCA sees global membership growth during 2008

The global membership of ACCA (the Association of Chartered Certified Accountants) grew by around 9,000 last year, making 2008 the highest year of growth for the last five years, it was announced today. The figures maintain ACCA’s status as the fastest-growing global professional accountancy body, with members in 170 countries. ACCA now has a total of 131,500 members, which represents ...

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ACCA to Launch Initiative Aimed at Enhancing Competitiveness of SMEs

An important part of ACCA’s institutional work towards public interest is to contribute to the growth of SMEs. ACCA has come up with a SME policy “Putting Small Business First” which aims at enhancing the competitiveness and resilience of SMEs. ACCA Pakistan will formally launch this policy at “SME Conference 2009” planned 12 March 2009 in Lahore. The Conference aims ...

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ICAP Not Competent to Issue Relaxation on Application of IFRSs and IASs

KARACHI (February 10 2009): It is not within the ambit of Institute of Chartered Accountants of Pakistan (ICAP) to issue any relaxation from application of International Financial Regulatory Standards (IFRSs) or International Accounting Standards (IASs). However, Securities and Exchange Commission of Pakistan (SECP), being regulators, are empowered to lay down specific treatments in certain special circumstances which prevail over the ...

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ACCA Pakistan Awards Platinum Employer Status to Coca Cola Beverages Ltd

(Feb. 10, 2009 – Karachi) ACCA (Association of Chartered Certified Accountants) awarded Coca Cola Beverages Pakistan Ltd with Platinum Approved Employer Status in recognition of their commitment towards training and development of ACCA trainees. ACCA’s Approved Employer Scheme plays a pivotal role in the recruitment, development and retention of the ACCA trainees and members. As a benefit of being an ...

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SECP needs to suspend impairment in valuation of investment for Accounting Year 2008

KARACHI (February 08 2009): The Securities and Exchange Commission of Pakistan (SECP) needs to suspend the impairment in valuation of investment for accounting year 2008. Views to the above were generally given at a meeting held on Saturday at the Institute of Chartered Accountants of Pakistan in Karachi. The participants included representatives from banks, DFIs, leasing companies, investment banks, mutual ...

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Global economy discussion gets personal – with launch of new ACCA site

ACCA (the Association of Chartered Certified Accountants) has recently launched a dedicated new micro site which gives its members an opportunity to share experiences and receive personal support on dealing with the current economic situation. The new micro-site  www.accaglobal.com/economy brings together existing analysis, resources, business strategy ideas and discussion boards, giving ACCA members the opportunity to share ideas on how ...

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Hasan A Bilgrami Elected President of ICMAP for Period 2009-11

KARACHI: Hasan A Bilgrami has been elected President of Institute of Cost and Management Accountants of Pakistan (ICMAP) for the period from 2009 to 2011. This announcment was made in the 249th National Council meeting held on Monday, January 19 in Karachi. Other office-bearers, elected by the council, include Vice President Mohammad Hanif Ajari, Honorary Secretary Zia ul Mustafa Awan ...

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ACCA research reveals weaknesses in coaching and mentoring across the finance profession

Research conducted by ACCA (the Association of Chartered Certified Accountants) reveals that coaching and mentoring is being poorly practised across the finance profession, revealing a lack of understanding of good practice and ultimately leading to poor returns on training investment. Key findings of the report, entitled “The Coaching and Mentoring Revolution – is it working?” surveyed 700 ACCA members across ...

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