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
Posts Tagged Institute of Chartered Accountants of Pakistan
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
By Humera Khalid (Karachi) Accounting is a powerful knowledge in optimising the economic performance of organisations and country but it can play a significant role in building healthy better society with true spirit and responsibility. These views were shared by Pervez Muslim, Chairman Conference Committee ICAP, while addressing the Golden Jubilee Media Launch of ICAP. [caption id="attachment_2747" align="aligncenter" width="300" caption="ICAP - a fiftly years old organizati
By Ayesha Adil (Lahore) Mr. Adnan Rashid, a renowned name in the field of Accountancy and Finance, Principal of CFE (Centre of Financial Excellence) and a profound instructor in the same field. He is also a member of ICAP (Institute of Chartered Accountants of Pakistan). He started training in KPMG Lahore from 1995 – 1999 and became Chartered Accountant in 1999. After three years of continuous struggle and being qualified in the field of Accountancy and Finance he dec
By Aamna Waheed The experiment of outsourcing tax audit of the Federal Board of Revenue (FBR) is likely to fail as the timeframe given to the chartered accountant firms ends on July 31 and not a single audit has been completed so far, sources in the revenue body said on Wednesday. An FBR official said that the revenue body paid 50 percent as advance fee last month, but the chartered accountant companies failed to produce results. “Around 95 percent cases selected through com
I always feel good when I meet with young Pakistani students making histories in their area of interests. Few days back I came to know that a CIMA students of Al-Hamd Academy secure a position and become the first student in Karachi. So as you all know, www.Pakistanacca.com decided to be the first to report all news, events, exam resources and above all, promote country's accountancy stakeholders. So we arrange an interview with that student, Sumera Haneef, to tell us something about herself.