Archive for the audit Category
ICAEW and the Accountants and Auditors Association (AAA) have signed a Memorandum of Understanding (MoU) to work closely together to advance the accounting profession in the UAE.
The agreement between the two bodies was signed in Dubai on 16 May 2013 by AAA Chairman Saif Bin Abed Al Muhairi and ICAEW President Mark Spofforth. It establishes a framework for the two bodies to work together, sharing knowledge and expertise in order to further the development of the UAE's accounting profe
May 19, 2013
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Sean O'Driscoll woke up one day at the age of 15 and decided he wanted to be an accountant. It's an unlikely dream for a teenager. But over 40 years later, the west Cork native from Drimoleague runs one of Ireland's biggest privately-owned companies, Glen Dimplex.
With annual revenues of around €2bn and tentacles that spread from Europe to the US and Asia, the consumer product firm has more than 12,000 employees that owns brands such as Morphy Richards, Belling and Roberts.
"My fathe
April 4, 2013
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The Securities and Exchange Commission of Pakistan (SECP), Pakistan’s apex regulatory body, has launched web consultation forum aims to achieve border consultation of public at large and stakeholders over the SECP’s proposed regulations, policies and initiatives.
In its press release, SECP invited stakeholders, professionals, academia and general public to participate in ongoing, in-depth discussions on specific topics and issues related to capital market, non-banking financial sec
March 15, 2013
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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
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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
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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
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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
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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
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By Ali Ahmad
The Securities and Exchange Commission of Pakistan (SECP) has taken various regulatory and punitive actions against companies’ directors and auditors to safeguard the interests of the investors.
On the abuse of powers by directors of listed and un-listed companies, the Securities and Exchange Commission of Pakistan (SECP) issued show-cause notices to 23 companies in the month of November.
It was revealed during the inspection of annual reports and financial statements, th
December 16, 2012
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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
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