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Can ACCA Members and Affiliates Start Their Own Consultancy for SMEs using New ACCA Certificate

Just recently, I met with an ACCA student (yes, he's still a student) in Islamabad who seek my expertise to help him build his team and train them.  His team - a group of 12 ACCA students - are working under him - providing accountancy services to clients overseas. The impressing part was his determinism and courage to start his Business Processes Outsourcing business from this early stage. Association of Chartered Certified Accountants (ACCA)  recently introduced a new certificate progr

February 14, 2013 No Comments Full Story

For ICAP: A Million a Day will Keep CCP Away

In a rather interesting turn out of events - Pakistan's Apex regulatory body, Competition Commission of Pakistan rules in favor of ACCA and ICAEW students imposing a Rs 2.5 Crore penalty on Institute of Chartered Accountants of Pakistan.  The CCP here on Thursday issued an order by a three-member bench of CCP comprising Ms Rahat Kaunain Hassan, Chairperson, Abdul Ghaffar, Member (Cartels and Trade Abuses) and Dr Joseph Wilson, Member (Mergers and Acquisitions and International Affairs). T

January 10, 2013 No Comments Full Story

Discrimination With Future Accountants of Pakistan

By Ahsan Nawab (Lahore) I received a message from my friend a few days back, and after reading it I felt disappointed and dejected. I came to know that the apex accounting institution of Pakistan; ICAP, has forbidden the article-ship of the students who are attaining foreign degrees related to accountancy from local institutes, which include: ACCA (Association of Chartered Certified Accountants), ICAEW (Institute of Chartered Accountants in England and Wales) and CIMA (Chartered Institute o

January 4, 2013 2 Comments Full Story

Chartered Accountant from Pakistan Appointed as Managing Director of CitiBank Nigeria

Citibank Nigeria Limited (Citi Nigeria) yesterday announced the appointment of Mr. Omar Hafeez as the Managing Director/Chief Executive Officer of the bank.  A statement from the international bank explained that Hafeez also assumed the role of Citi Country Officer and would be responsible for all aspects of the Citi franchise in Nigeria. This followed the exit of the bank’s former Managing Director, Mr. Emeka Emuwa, who is now the Group Managing Director/Chief Executive Officer of Unio

January 2, 2013 No Comments Full Story

Economic Outlook in Danger Zone: Partner A.F.Ferguson

Pakistan’s economic problems are mostly pertinent to management and are not resource oriented.   The speakers at southern regional committee of the Institute of Chartered Accountants of Pakistan (ICAP) during a seminar ‘Pakistan’s Economic Outlook-2013 and Beyond emphasised on strengthening of economic institutions and progressive devolution of revenue and expenditure authority to most relevant tier of government for the sustainability of economic growth. Former State Bank of Pakist

December 24, 2012 No Comments Full Story

New Accounting Rules Introduced in Pakistan for Insurance Companies

By Ali Ahmad Pakistan's apex Corporate Regulator - Securities and Exchange Commission of Pakistan (SECP) has notified draft of accounting rules and regulations for the Life and non-Life Insurance companies.  The drafted revised accounting formats and regulations for published financial statements and regulatory returns by insurance entities have been notified in the official gazette of Pakistan to elicit public and stakeholders comments. By issuing these accounting formats and regulation

December 5, 2012 No Comments Full Story

KPMG is Hiring ACCA Affiliates

Looks like that KPMG Taseer Hadi and Company is still hiring ACCA qualified affiliates, but on condition that they entered through ICAP's exemption route. According to their website link KPMG Taseer Hadi also invited ACCA affiliates to apply for training contract. Following is the text from their 'career page': Eligibility Criteria Registration Dates: Online Trainee Application forms will be accepted from 7th September 2012. Basis of Application for 2012 Applicants: Students h

September 12, 2012 1 Comment Full Story

Head of ACCA Pakistan, Arif Masud Mirza, Communicate with Students on ICAP Notice

[caption id="" align="alignright" width="199" caption="Arif Masud Mirza, Head of ACCA Pakistan"][/caption] Its been a difficult time for ACCA Pakistan and its officials to deal with negative sentiments of ACCA students in Pakistan after ICAP instructed audit firms to refrain from hiring students of foreign qualifications. Although industry experts are divided into their opinion with some saying that this notice was not intended for ACCA students, but for ICAEW.  ACCA students are reportin

August 30, 2012 14 Comments Full Story

27 Jobs Advertised for ACCA in August in Print Media

ACCA students have been desperately waiting for ACCA Pakistan to speak up on 'ICAP Notice'. The main concern for these students is to land a decent job, which is hard to come by these days. But according to one of our user, there are 27 decent jobs, advertised in print media, available for ACCA students. One of our user emailed ACCA office to know if there are jobs for ACCA Students. According to the email we received from him, there were 27 jobs for ACCA Affiliates/members advertised i

August 29, 2012 5 Comments Full Story

Every Thrid ACCA Student Wants to Protest in front of ICAP Office

[caption id="" align="alignright" width="300" caption="Poster Shared by ACCA Students on Social Media Groups"][/caption] The ICAP Notice fiasco which already created much thrill in accountancy circles is now taking another turn. If we are to believe facebook protest event and discussions on social media – Few ACCA students are organizing a protest in front of ACCA office in Islamabad, Lahore and Karachi. This was first reported by a finance and Banking News site EconomyAge few w

August 27, 2012 6 Comments Full Story

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