Archive for the News Category
Famous members of Big four - A.F.Ferguson & Co, an affiliate of PriceWaterCoopoers, has successfully secured a contract from National Bank of Pakistan for Business Processes Review (BPR Services) and COSO Implementation. Both Giants of their respective industries signed an agreement at National Bank’s head office.
The NBP President Dr Asif A Brohi said, “NBP is committed to achieve the leadership position in the industry by adopting international best practices and ensuring consi
May 24, 2013
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[caption id="" align="alignright" width="370" caption="IASB office"][/caption]
The Trustees of the IFRS Foundation, the oversight body of the International Accounting Standards Board (IASB), announced today the appointment of Sue Lloyd to serve as a member of the IASB for an initial five-year term, renewable for a further three years.
Ms Lloyd currently serves as a Senior Director of Technical Activities at the IASB. In this capacity, she is responsible for leading the technical staff in
May 24, 2013
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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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Contrary to popular belief - Corporate world in full on humor. And the only thing they are unfolding on us is a use of common sense. Here's a little story for you guys to cheer you up before exams (don't forget to use common sense in Exam hall).
A Charlotte, North Carolina lawyer purchased a box of very rare and expensive cigars, then insured them against fire, among other things. Within a month, having smoked his entire stockpile of these great cigars and without yet having made even his
May 17, 2013
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As part of its Corporate Social Responsibility, McDonald’s recently arranged the Annual Sports Festival at Chamman House for Special Children.
The families and teachers of the children applauded the event and appreciated the efforts of McDonald’s. The children participating in the event had a great time competing in a friendly environment and showcasing their sporting talents.
After the prize distribution ceremony, McDonald’s served almost 600 - 700 people attending the event wi
May 3, 2013
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Press Release
A new award called the Foundation Diploma has been launched in the country by the Association of Chartered Certified Accountants (ACCA) here on Thursday.
The diploma would provide essential knowledge and skills to those students without relevant training and a clear entry route to ACCA’s main accountancy qualification, called the ACCA Qualification. It can be completed within 12 months.
A launch ceremony in this regard was held here at a local hotel in which a large numb
May 3, 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 Professionals’ Academy of Commerce (PAC), the pioneers in professional accountancy education in Pakistan, arranged it’s Silver Jubilee Alumni dinner. Hundreds of PAC Alumni and their families from Multinationals and Leading Chartered Accountancy firms enjoyed the night.
The event was mesmerized by renowned singer Sara Raza Khan with her performance. Chairperson PAC, Mrs. Nighat Ahmed presented her souvenirs and flowers.
Speaking at the occasion, Jafar Husain FCA, Central Principa
March 19, 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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Securities and Exchange Commission of Pakistan, in its attempt to adopt technological changes, allows directors residing outside Pakistan to attend board meetings through video conference.
As per previous corporate rules, it was not necessary to give notice of directors’ meeting to any director who was out of country for the time being.
Now, owing to the recent amendments to Tables A and C of the First Schedule, it has been made easier to send notice to directors, whether in the co
March 15, 2013
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