Archive for the Press Release Category
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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The Institute of Capital Markets (ICM), leading finance industry organisation for licensing certification in Pakistan, has signed a memorandum of understanding (MoU) with CFA Institute, the global association of investment professionals, and its member society CFA Society Pakistan (CFAP) to jointly organise globally relevant, professional education and training, and promote ethical practices in the country.
The MoU identified six key areas of cooperation, promotion of the CFA Institute
January 2, 2013
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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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Press Release
A brand new qualification HND Financial Accounting has hit the education scene in Pakistan and drawing huge interest among the learners.
"This qualification provides answers to a number of aspiring students who were looking for a quality product to serve as a launch pad for their pursuits in Accountancy as well as management and finance," said Shakaib Khan, Director Marketing, Media & Communications for Education Solutions, while highlighting the core values of the of
December 2, 2012
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Press Release
Al-Hamd Academy, an approvled ALP and Gold Partner of ACCA, is offering a massive PKR 24,000 discounts to its new students.
AlHamd Acaedmy, who is also the only ACCA college to provide ACCA tutition services in Saudia and also the first to use Video Conferencing Technology to deliver its services, put a simple picture of this announcement on its website but the insiders reveals a lot more interesting.
Mr Kalim Rehmani, co-founder of AlHamd Academy reveals that they intend
December 2, 2012
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By Murtaza Hussain Jaffri
According to a press release by IFRS Foundation, '2013 International Financial Reporting Standards Consolidated without early application'—will be published in early December 2012.
This edition is presented in two volumes, Parts A and B, and includes the following new requirements introduced during 2012 that have an effective date of 1 January 2013, or earlier:
four new Standards: IFRS 10, IFRS 11, IFRS 12 and IFRS 13 (these include the amendments made
November 11, 2012
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By Murtaza Hussain Jaffri
[caption id="" align="alignright" width="216" caption="IASB chair. Hans Hoofervorst"][/caption]
Hans Hoogervorst, Chairman of the International Accounting Standards Board (IASB), today called on securities regulators and national accounting standard-setters to support the IASB’s joint efforts with the US Financial Accounting Standards Board to “bring much-needed transparency” to lease accounting.
Speaking at the London School of Economics and Political S
November 11, 2012
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By Murtaza Hussain Jaffri
The Trustees of the IFRS Foundation, responsible for the governance and oversight of the International Accounting Standards Board (IASB), today announced the appointment of Ms Sheila Fraser, Professor Wiseman Nkuhlu and Dr Heidi Miller as Trustees of the IFRS Foundation.
The appointments, which have been approved by the IFRS Foundation Monitoring Board, will commence from 01 January 2013 and will expire on 31 December 2015. The terms of all three Trustees wil
October 15, 2012
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College of Accounting and Management Sciences (CAMS), a platinum level ACCA Approved learning partner, took 6 position in ACCA June 2012 exams beating down all major competitors inside and outside Pakistan.
CAMS Bath Island Campus in Karachi (Head Office) is registered as Platinum Status Approved Learning Partner, secured 6 positions in Karachi out of the total 8.
Out of these 6 top positions in Pakistan - two students secured 2nd Position worldwide and one secured 3rd position worldwide.
October 9, 2012
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