KARACHI: Under the patronage of Minister of Commerce and Industry Saudi Arabia and supported by Saudi Organization for Certified Public Accountants (SOCPA), the Institute of Chartered Accountants of Pakistan (ICAP) KSA Chapter held their 4th Saudi-Pak Accountancy Symposium at Ritz Carlton Hotel, Riyadh.
The theme of the event was Technology – CFO’s New Best Friendâ€. Over 300 accountancy professionals with a large participation of Pakistani and Saudi nationals as well as select female professionals attended the symposium. Business leaders, CEOs and CFOs of leading corporates, senior partners of audit firms, and members of ICAPKSA chapter and SOCPA were in attendance.
Speaking on the occasion, Ambassador of Pakistan to KSA, Manzoorul Haq, mentioned: It is heartening to note that ICAP KSA Chapter has been recently awarded the Best Overseas Chapter by ICAP Pakistan and is a tribute to its performance and makes me further proud of the Pakistan Embassy’s patronage of ICAP KSA Chapter and its activities.â€
He also said: I am confident that the ICAP KSA Chapter through its professional activities and engagement with the finance professionals in KSA would further help solidify the bridges between finance professionals of the two brotherly countries of Saudi Arabia and Pakistan.â€ Other speakers on the occasion included Yacub Suttar (President ICAP) and Mohammad Iqbal (President ICAP KSA Chapter).
Mutlaq Al Morished, CEO of Tasnee, delivered a very interesting keynote address. An innovative addition to this year’s agenda were the lightning talk sessions in which the presentations made by Abdul Mohsen Al-Fares (CEO Al-Inma Bank) and Ahmar Azam (CFO Leejam) were extremely well received by the audience. This was followed up with a panel discussion on the topic of IFRS transition in KSA as moderated by Mohammad Asif Iqbal and included participants from Big 4 audit firms and CFO of Acwa Power, the main sponsor.
The key take away from the symposium was well articulated in the video address of Ms. Olivia Kirtley, President IFAC, that Technology is not an IT function anymore; it truly is a global financial business function and it continues to broaden the role of the CFO’s across organizations and showcase our leadership capabilities.
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