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New report reveals ideal accounting practices for governments to deliver transparency for their citizens

Pensioners without pensions. Schools without students. Wells without water. Karachi, April 21, 2020: A report issued jointly by ACCA (the Association of Chartered Certified Accountants) and IFAC (the International Federation of Accountants), Is cash still king? Maximising the benefits of accrual information in the public sector not only confirms that a complete public sector transition…

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ACCA focuses on building connectivity among BRI countries with accounting infrastructure

Karachi, December 26, 2019: The first workshop of the China-Central Asia Accounting Elites Exchange Programme officially kicked off at the Shanghai National Accounting Institute. The programme, proposed jointly by the Shanghai National Accounting Institute (SNAI), the Central Asia Regional Economic Cooperation Institute (CI) and the Association of Chartered Certified Accountants (ACCA), was announced as one…

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ITMinds Limited and Faysal Asset Management Limited sign agreement for outsourcing Back Office Accounting Services

Karachi, June 17, 2019: Faysal Asset Management Limited (FAML) and ITMinds Limited, a wholly owned subsidiary of Central Depository Company of Pakistan Limited, have signed an agreement enabling ITMinds to provide Back Office Accounting Services to FAML. The agreement was signed by Mr. Khaldoon Bin Latif, CEO-FAML, and Mr. Iqleem-uz-Zaman Khan, Acting CEO-ITMinds in the presence…

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IFRS 9 accounting software launched in Pakistan

Karachi, May 30, 2019: Abacus Consulting, a leading firm in transformation services, has entered into a strategic alliance with Aestimatio Analytics Inc. on an exclusive basis in Pakistan to provide an end-to-end automated solution for estimating provisions under IFRS 9 for corporations, especially listed companies and financial institutions.  SECP has made IFRS 9 accounting standard mandatory…

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