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Tag Archives: Accounting Profession News

ACCA Pakistan wins Brands of Year Award 2008

ACCA Pakistan has been declared as the winner of ‘Brands of the Year Award’ in the category of Professional Accountancy Program. ACCA’s success with a decisive majority indicates the ACCA brand popularity, strong stakeholder confidence and a high level of customer satisfaction. Mr Arif Masud Mirza, Head of ACCA Pakistan received the award today, from honorable Priminister, Mr Yousuf Raza ...

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ACCA Conducts Research on Usefulness of Annual Reports Issued by Banks

Banking analysts believe banks’ annual reports to be unhelpful in their forecasting work or for preparing reports for their colleagues working for potential investors, finds new research from ACCA (the Association of Chartered Certified Accountants), prepared by the University of Northumbria and the University of Newcastle. The aim of the research was to consider the real usefulness of banks’ annual ...

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ACCA Pakistan holds workshop for journalists

Karachi, 8 October 2008 – ACCA Pakistan recently held a workshop for journalists at a local hotel in Karachi. The initiative was highly appreciated by media organizations and was attended by around 45 journalists from print and electronic media. The ACCA Media workshop was a one day event based on three segments identified by the media experts as their area ...

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Governance failure in banks is key to credit crunch, argues ACCA

The principal source of the credit crunch is a failure in corporate governance at banks, which encouraged excessive short-term thinking and a blindness to risk, says ACCA (the Association of Chartered Certified Accountants) today in a report about the year-long financial crisis. ACCA’s policy paper Climbing Out of the Credit Crunch, examines five key areas: corporate governance, remuneration and incentives, ...

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ICAP elects new President for 2008-09

The Council of the Institute of Chartered Accountant of Pakistan in its meeting held on August 26th 2008 elected office bearers for the year 2008-09. The Council unanimously elected Mr. Asad Ali Shah as President of the Institute and Mr. Farrukh Viqaruddin Junaidy as Vice President – South and Mr. Rashid Rahman Mir as Vice President – North. Mr. Asad ...

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ACCA publishes agenda for sustainability and Corporate and Social Responsibility

The ‘business as usual’ model for organisations world-wide is no longer an option in this sustainable age, says ACCA (the Association of Chartered Certified Accountants) yesterday as it published its Sustainability Agenda for Action called Going Concern? Allen Blewitt, ACCA’s chief executive, said: “Our commitment to the sustainability agenda sets a benchmark to which all professional bodies and associations should ...

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Helen Brand appointed as New Chief Executive of ACCA

Helen Brand, 43, has been appointed as the new chief executive of ACCA (Association of Chartered Certified Accountants). Currently the managing director of strategy and development at ACCA, she joined the global accountancy body in 1996. Helen Brand replaces Allen Blewitt, with effect from 1 September 2008, who is leaving ACCA to return to Sydney, Australia after five years based ...

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ACCA and PTCL join hands to cultivate professional talent

Islamabad – ACCA (Association of Chartered Certified Accountants) Pakistan hosted a ceremony at the Serena Hotel on Wednesday to certify Pakistan Telecommunications Ltd (PTCL) as its approved employer. ACCA’s Approved Employer Scheme plays a pivotal role in the recruitment, development and retention of the ACCA qualified employees in the approved organisations. It allows organisations to reach global best practice in ...

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SBP, ICAP to help implement IFAS-2

KARACHI: The State Bank of Pakistan (SBP) on Monday organised a seminar on ‘Murabaha and Ijara Accounting Standards’ to develop an understanding of accounting treatment of such modes of Islamic transactions. The participants discussed practical problems faced by them in the implementation of these standards. It was agreed that a committee of the Institute of Chartered Accountants of Pakistan (ICAP) ...

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SECP brushes aside apprehension about ‘panel of auditors’

ISLAMABAD: The Securities and Exchange Commission of Pakistan (SECP) on Wednesday brushed aside the apprehension expressed by certain auditors regarding the SECP’s decision to create a “Panel of Auditors,” which according to them has probably been designed to favour some big audit firms. According to the SECP, “the apprehension is incorrect and, on the contrary, the intentions are otherwise and ...

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