Posts Tagged ICAP
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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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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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
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In order to safeguard the investors' interests, the Enforcement Department of the SECP took various regulatory and punitive actions during March and April.
According to the press release issued by SECP, it was informed that severe penalties were imposed on the statutory auditors of 13 unlisted companies for failing to act in conformity with the statutory requirements. The audit reports issued did not bring out material facts about the affairs of companies.
Although SECP did not disclose
May 25, 2012
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In a tragic event, a boy named Waqas Tariq, a CA student in Rawalpindi, killed his parents because of their continuous taunting on him because of his several unsuccessful attempts in CA exams.
This is first of its kind event in Pakistan and will sure took the accountancy circles with a surprise.
According to Police source, Tariq Mehmood, 55, Tabasum Tariq, 45, and son Saad Tariq, 19, were found bludgeoned to death inside their rented house after neighbours reported to police of stinking
April 26, 2012
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CAMS - College of Accounting and Management Sciences, a trusted name in finance and business education since 1994, has now become a premier education provider in Karachi offering a range of qualifications from professional courses of ACCA, CIMA, CA of ICAEW & ICAP, and CFA to degree programs such as BBA, MBA, BIS, Management, Marketing etc in affiliation with local and internationally recognized accrediting bodies.
We are the only Platinum ALP (Approved Learning Partner) of ACCA in Ka
April 8, 2012
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Dr. Ashfaque Hasan Khan, former advisor to the ministry of finance, on Wednesday has said that the public debt has doubled and further $20 billion were added as the external debt during the tenure of the present government.
Commenting on present government’s performance on the economic front, he said that that the government had failed to bring economic growth at the level of other regional countries. Pakistan maintained the average growth rate of 2.9 percent in the last four years, whe
March 29, 2012
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Just weeks ago, Pakistan's apex regulatory body Securities and Exchange Commission directed all insurance companies to consult Audit firms in Pakistan in order to enhance transparency in their audit products and policies resulting in a new stream of business.
PakistanACCA was the first to report it.
This month is another healthy addition for Audit firms' businesses. SECP has directed all non-listed companies categorized as economically significant companies to appoint their statutory
March 20, 2012
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The Institute of Chartered Accountants of Pakistan (ICAP) is a premier accounting body committed to ensure accountability, transparency and serving public interest and shoulders the responsibility with deep gravity playing its role in strengthening the regulatory framework in Pakistan.
Being the regulator of the accounting and auditing profession in the country, the Institute works in cooperation with important policy making institutions including the State bank of Pakistan, the Securities
March 15, 2012
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In an interesting action by the Securities and Exchange commission's vigilance task force, two auditors, which were not named so far by any party, were penalized for not following ICAP's Quality Control Review and Code of Corporate Governance.
According to its press release, SECP has finalized the penal actions against the statutory auditors of two companies for their failure to act in conformity with the statutory requirements. The audit reports issued by them did not bring out materia
February 21, 2012
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