MAIN SPONSOR CO-SPONSORS

Organized by

ICAP KSA ChapterFormed under the MOU with SOCPA and operating under

the patronage of Pakistan Embassy in KSA

www.icapksachapter.org

Global Challenges, Local Solutions – Accounting to the rescue 20th March 2013Sheraton Hotel,Riyadh, Kingdom ofSaudi Arabia

Supported by

GLIMPLES FROM FIRST SAUDI-PAK ACCOUNTANCY

SEMINAR 2012

02

This is the 2nd Saudi-Pak Accountancy Annual Seminar based on the successful launch of the event last year. The aim of the seminar is to bring together the accountancy professionals from Pakistan and Saudi Arabia together under one umbrella to share, educate as well as learn from the experts on stage and the interactive discussion sessions with the audience.

The agenda and the speaker lineup for this mega event is proof of the interest, talent, capability and capacity of fellow accountants to come together to act as the bridge between Pakistan and Saudi Arabia in terms of technical cooperation in the field of accountancy. The event promises to be more engaging, enthralling, and educative at the same time than other similar events conducted by profit oriented conference producers.

Our aim is to bring what is relevant and pressing onto your radar. Our aim is to initiate a dialogue as well as provide blueprints for the way forward. Our aim is to arm you with the knowledge that helps brave the challenges of 2013 and beyond. Our aim is to make this event the most sought after event in your annual calendar.

Overseas Chapter of Institute of Chartered Accountants of Pakistan in Saudi Arabia, is bringing together this Second Saudi-Pak Accountancy Seminar in collaboration with Saudi Organization for Certified Public Accountants (SOCPA), patronage of Embassy of Pakistan in Saudi Arabia and the support of Institute of Chartered Accountants of Pakistan (ICAP).

Why you must not miss this event:

• 150+ senior industry attendees from Saudi Arabia • More CFOs, Finance Directors, Partners & General

Managers than at any other local event• Examine the hottest industry trends and sectors with key

takeaways• Explore synergies, develop business opportunities,

enhance learning and create value

Our high profile guests and speakers include (among others), His Excellency the Ambassador of Pakistan to Saudi Arabia, Secretary General of Saudi Organization for Certified Accountants (SOCPA), President of ICAP, partners from the big 4 accounting firms, leading CFOs and a number of high profile people etc.

Seminar Theme: Global Challenges, Local Solutions – Accounting to the rescue

The profession of accountancy has endured centuries of evolution. It has evolved with age and adapted itself to

better serve the challenges it gets to face from time to time. At the start of 2013 we are at that cross roads again. While battling some existing challenges, new ones are rearing their head. It is up to the accountancy bodies, the practitioners, students, governments, academics and businessmen who will have to define the battle plan to meet these challenges. Ranging from the never ending debate of convergence of global standards and the cross border mobility of people and organizations, issues like transfer pricing, investment valuation, fair value accounting are at the fore front of issues driving the agenda. There is already talk that new challenges are emerging from the likes of traditional topics such as leasing, risk management, impairments and revenue recognition whereas no items on the radar now include emissions trading, accounting for biological assets and rate regulations. As practitioners of the trade of accountancy, it is extremely important that we are ahead of the curve and able to understand, implement and manage these accountancy challenges successfully in our organizations. This seminar aims to make sense of these and many more challenges and also provide expert talk on some locals solutions that are best suited for us in our current work environment.

Panel Discussion: “Impact of convergence of Saudi Standards to IFRS – on companies, audit firms and accountants”

As the Saudi Organization for Public Accountants (SOCPA) has announced its transition plan towards achieving harmonization with international accounting standards, companies in KSA are now gearing towards development of an IFRS transition program and allocate the necessary resources to implement the same . This includes obtaining the commitment from the top down, i.e., from those charged with governance to those responsible for financial reporting by individual business units.

The transition provides an excellent opportunity for the accountancy community to seize the opportunity it provides from the shift from rules based approach to the principles based approach. As practitioners of this trade where IFRS dominates our day to day workings, it is extremely important that in times of convergence we are able to assimilate the new approaches that will blend into IFRS as well as work that would be required on updating our accounting manuals, modifying internal controls and adapting to technical accounting changes. This topic will debate the importance of convergence and how it might impact your current and future work (and job!).

ABOUT THE

SEMINAR

03

5:30 pmRegistration, Welcome Drinks, Networking

6:30 pmRecitation of Holy Qur’an

6:35 pmWelcome Address: Mr. Amin Qureshi,

President ICAP KSA Chapter

6:40 pmPresidential Address: Mr. Ahmad Saeed, President ICAP

6:50 pmChief Guest Address: Mr. Muhammad Naeem Khan,

Pakistan Ambassador to Kingdom of

Saudi Arabia

7:00 pmFirst Keynote Speech: Dr. Ahmad Almeghames,

Secretary General, SOCPA

7:15 pmSecond Keynote Speech: Mr. Kashif Rana, Chief Financial Officer, ACWA Power

7:25 pmDistribution of plaques / Group Photo Session

7: 30 pmIsha prayer / Coffee break

8:00 pmPanel Session: “Impact of convergence of Saudi

Standards to IFRS – on companies, audit firms and

accountants”

Panel Speakers:

• Mr. Steve Drake, PricewaterhouseCoopers, ME

• Mr. Fahad Al-Toaimi, Ernst & Young, Riyadh

• Mr. Ehsan Makhdoum, Deloitte, Riyadh

• Mr. Ebrahim Oboud Baeshen, KPMG, Jeddah

Moderators:

• Mr. Asher Noor

• Mr. Taha Ali Khan

9:15 pmConcluding Remarks: Mr. Muhammad Asif Iqbal,

Secretary, ICAP KSA Chapter

9:20 pmDistribution of plaques / Group Photo Session

9:30 pmDistribution of gifts - sponsored by Philips

9:35 pmDinner

Master of Ceremony - Mr. Aakif Hasnat

AGENDA /

SPEAKERS LINEUPCPD Credit: 3 hours

04

REGISTRATION

FORMABOUT THE

SPEAKERSGuest Speakers Keynote Speakers

H.E. Muhammad Naeem Khan, Pakistan Ambassador to KSA__________________________________________

H.E. Mr. Muhammad Naeem Khan is the current Ambassdor of Pakistan to the Kingdom of Saudi Arabia. He holds a Master’s Degree in International Relations. He joined the Foreign Service

of Pakistan in October, 1982. He has held various diplomatic assignments in Pakistan Missions in Spain, Yemen, USA and China. He has also served as Ambassador of Pakistan to the Philippines from 2005 to 2009 and as Additional Secretary (Europe), Ministry of Foreign Affairs, Islamabad from 2009 to 2011.

Ahmad Saeed, President ICAP__________________________________________

Ahmad Saeed is a Fellow member of the Institute of Chartered Accountants of Pakistan and the Institute of Cost and Management Accountants of Pakistan.

He has worked for more than 40 years in accounting, auditing, and consulting. Currently, he is a senior advisor in Mazars Consulting (formerly BearingPoint).

Saeed is an elected member of the Council of the Institute of Chartered Accountants of Pakistan since 2005 and has also served as the Vice President of the Institute. He was the Chair on education and training committee for a number of years, and has worked on all the three standing committees of the Institute: executive, examination, and investigation.

He has also taught courses on accounting at a number of business schools in Karachi.

Mr. Saeed was the founder President of the Information Systems Audit and Control Association (ISACA), Karachi Chapter.

Dr. Ahmad Almeghames, Secretary General, SOCPA__________________________________________

Dr. Ahmad Almeghames is the Secretary General of SOCPA. He had served as Vice Chair of the Professional Accountancy Organization Development Committee

of the International Federation of Accountants from 2010-12 and its member since 1997. He is also serving as board of trustee on the Accounting and Auditing Organization for Islamic Financial Institution (AAOIFI). In Saudi Arabia, he is serving on the Board of various major large public and private sector entities, including banks. He is an active public speaker and educationist and has given various presentations / lectures locally and internationally. He completed his Doctoral of Business Administrative DBA with major in Accounting from Mississippi, State University, U.S.A. in 1997. He is a full member of SOCPA since 1997.

Kashif Rana, Chief Financial Officer, ACWA Power__________________________________________

Kashif Rana is a Chartered Accountant from Institute of Chartered Accountants of Pakistan with more than 10 years working experience in Power & Water

sector of Middle East & Pakistan.

He is currently working as Chief Financial Officer of ACWA Power, a lead developer, owner and operator of independent water & power projects. Before joining ACWA Power he has worked with Aqualyng AS as Director Project Finance & with AES Corporation as CFO for the Middle East Region.

05

ABOUT THE

SPEAKERS

Steve Drake, Head of Capital Markets and Accounting Advisory Services – ME, PWC___________________________________________

Steve is a Partner with PricewaterhouseCoopers (“PwC”), heading the Capital Markets and Accounting Advisory Services team

in the Middle East region. Steve’s team advise on debt and equity capital markets transactions for clients across the region. Steve has worked as a Capital Markets specialist for more than 12 years with the last 6 years based in the region.

Steve has significant experience of listing on local, regional and international markets. He has assisted companies with listing aspirations preparing them for all aspects of their listing needs throughout the listing process and beyond. Before moving to the Middle East, Steve’s core listings expertise related to the UK and US markets, with a particular focus on SEC compliance.

Fahad Al-Toaimi, Office Managing Partner, Ernst & Young, Riyadh___________________________________________

Fahad is the managing partner of Ernst & Young Riyadh Office. He is also one of the earlier accountants who has obtained membership of the Saudi

Organization for Certified Public Accountants (SOCPA). He is a member of Auditing Standards Setting Committee of SOCPA and a member of American Institute from Certified Public Accountants (AICPA).

He joined Ernst & Young in 2002 after 11 years of working with one of the International Auditing and Consulting Firms in the Kingdom of Saudi Arabia. Fahad had attended various financial and accounting conferences and participated in preparation of exposure drafts of accounting standards before their issuance. Also, Fahad has a distinguished experience in Corporate Governance and Saudi Arabian commercial and Fiscal Regulations. He has provided assistance to companies to improve their internal controls, mitigate their risks and develop their policies and procedures.

Ehsan Makhdoum, Partner, Deloitte, Riyadh Office___________________________________________

Ehsan A. Makhdoum is a partner in Deloitte, Riyadh Office and a licensed public accountant in Saudi Arabia. He has over 15 years of experience in audit and advisory services. Ehsan is member

of the American Institute of Certified Public Accountants (AICPA), the Saudi Organization for Certified Public Accountants (SOCPA), and the Accounting and Auditing Organization for Islamic Financial Institutions (AAOIFI). Ehsan is a certified public accountant (CPA) in the state of New Hampshire - USA. He graduated from King Fahd University of Petroleum and Minerals – Dhahran with Honour Degree, accounting major. Ehsan was assigned to Deloitte & Touche’s office in Indianapolis, Indiana – USA for 18 months under Global Development Program (GDP).

Ebrahim Oboud Baeshen, Partner, KPMG, Jeddah___________________________________________

Ebrahim is the Audit Tax and Zakat Partner in KPMG Al Fozan & Al Sadhan Jeddah office.

Ebrahim is also Chairman of the Committee of Chartered Accountants at the Industrial Chamber of Commerce in Jeddah, Board member of the Saudi Organization of Certified Public Accountant (SOCPA) and Member in several committees in the Saudi Organization of Certified Public Accountant (SOCPA).

He holds numerous qualifications, Bachelors Degree in Accounting - King Abdulaziz University, Saudi Arabia, Executive MBA from The University of Detroit – Michigan, USA, Masters Degree in Computer Information Systems from The University of Detroit – Michigan, USA, Certified Arbitrator by the Ministry of Justice of the Kingdom of Saudi Arabia.

ABOUT THE

SPEAKERSPanel Speakers

06

ABOUT THE

SPEAKERS

Asher Noor__________________________________________

Asher Noor is the CFO for AlTouq Group – a sophisticated Saudi family investment office and a sought after public speaker. He is principally domiciled in Middle East for the past decade and has worked for

PwC and Banque Saudi Fransi in the past. His last position was CFO for Morgan Stanley in Saudi Arabia. Asher is on the board of many companies globally, representing AlTouq Group’s investments.

Taha Ali Khan___________________________________________

Taha Ali Khan is National Operations Controller at Al Jomaih Automotive Company. He is an experienced Chartered Accountant specializing in Automotive, Healthcare, Energy and

Financial Sectors. He has worked in diverse environments from Pakistan, UAE and US before moving to Saudi Arabia. His association with reputable names including PwC, GM, GE and the coveted Hedge Fund Industry has placed him in some of the most sought after circles in the business world.

Aakif Hasnat__________________________________________

Experience is not as to span of time, but it is as to intensity of time. Believing in this mantra, Aakif has always endeavored to hone his professional work acumen and character as a human on the whetstone

of intense professional experience, which started for him when he joined PWC, and continued working there for six years with an unflinching fervor and unwavering zeal. It was for this reason that he was exposed to the premium clients of the firm. PWC was ensued by his ongoing stint with Olayan Group where he has been working in the Corporate Financial Planning department for almost four years now.

His work experience encompasses audit, BPR consultancy, Oracle implementation consultancy, SAP BPC, financial reporting, financial modeling / valuation. He is well revered for his acumen and adroitness when it comes to financial modeling and financial valuation.

Moderators Master of Ceremony

SPONSORSHIP OPPORTUNITIES:Do you have a product or service that would be of interest to a group of very senior

finance professionals belonging to the elite corporate sector organizations?

Only at this event will you be able to reach out to them. Can you afford not

to be there? To find out more how you can benefit, please contact

Mr. Muhammad Asif Iqbal at 0540975382

or email mohdasif1@gmail.com

07

Second Saudi-Pak Accountancy SeminarMarch 20, 2013 Sheraton Hotel, Riyadh, Saudi Arabia

CPD Credit: 3 hours

Full Name: _________________________________________________________________________________________________

Name on Seminar Badge: _________________________________________________________________________________

ICAP/SOCPA Membership #: ______________________________________________________________________________

Other Professional body Membership: ____________________________________________________________________

Company:. _________________________________________________________________________________________________

Designation: _______________________________________________________________________________________________

E-mail: ____________________________________________________________________________________________________

Address:. ___________________________________________________________________________________________________

_____________________________________________________________________________________________________________

Cell Phone #:___________________Office Phone #: __________________________________________________________

Fax #: ______________________________________________________________________________________________________

Online registration facility is also available at the following link:http://www.icapksachapter.org/online-registration/

Bank account transfer details:Title: Amir WaheedIBAN: SA04 0500 0068 2002 6184 3000Bank: Alinma Bank

For payment and submission of registration form Mohammed Ifteqar AliMobile: 0561978786Email: icapksachapter@gmail.com

REGISTRATION

FORM

*Early bird discount will be granted once when payment is received on or before March 10, 2013. Further, participants availing the early bird discount will be eligible for the lucky draw sponsored by Philips.

Registration fees

Fee with early bird discount: (till march 10, 2013)* SAR 100 SAR 125 SAR 75

Normal Fee: (from March 11, 2013) SAR 150 SAR 175 SAR 125

ICAP / SOCPA

members

Members of other

accounting bodies

ICAP students

Amin Qureshi (Riyadh)President - ICAP KSA ChapterMobile: 0500568140E-mail: aminqureshi@yahoo.com

Muhammad Asif (Jeddah)Vice President - ICAP KSA ChapterMobile: 0555428127Email: masif@emaarec.com

Please contact the following:

08

Amir Waheed (Khobar)Head of Financial Affairs – ICAP KSA ChapterMobile: 0535678957Email: ahmedaw@saharapcc.com

Muhammad Abdullah Akber (Jeddah)Joint Secretary – ICAP KSA ChapterMobile: 0564101638Email: amakbar@kpmg.com

Muhammad Asif Iqbal (Riyadh)Secretary - ICAP KSA ChapterMobile: 0540975382E-mail:mohdasif1@gmail.com