The journey of Rakesh Jhunjhunwala Oct 23, 2009
He, however, told me that I could live in the house in Mumbai and that if I did not do well in the market I could always earn my livelihood as chartered accountant. This sense of security really drove me in life. (India Times)
Posts to put financial stamp on heritage blocks Oct 23, 2009
The assets, scattered across the country, will be assigned a financial worth, with the help of accounting rule-maker Institute of Chartered Accountants of India (ICAI) and the urban development ministry. A co-ordination team comprising representatives of these bodies has already been set up to prepare a road map and implement the project, said a DoP official involved in the exercise. (India Times)
Amato Announces Proposed Joint Venture Option with Minera Copper Canyon, Appoints New Directors and Private Placement Oct 20, 2009
Mr. Biagioni received a BComm from the University of British Columbia in accounting and management information systems in 1979 and was admitted to the Institute of Chartered Accountants of British Columbia in 1981. He is also a member of the Institute of Corporate Directors, focusing on corporate governance education and issues. (Canada Newswire)
Robert Tan appointed GBH managing director Oct 19, 2009
Aminuddin, a chartered accountant, was UEM Builders Bhd managing director from March 2000 to November 2003 and has helmed various companies. They were as Renong Bhd managing director from May 1990 to February 1994, director and managing director of Faber Group Bhd from June 1990 to December 1994 as well as Metacorp Bhd managing director from January 1995 to December 1996. (The Star Online, Malaysia -- Business)
Footsie has more than QE Oct 17, 2009
The London Society of Chartered Accountants is an unlikely place to signal a subtle, but important, change of emphasis in a central bank policy. But in a speech made at the societys annual lunch on Tuesday, Charles Bean, deputy governor for monetary policy at the Bank of England, did just that. (FT.com -- Markets)
Gold price correction seen imminent Oct 17, 2009
However, Bhargav Vaidya, a chartered accountant and bullion analyst, and CP Krishnan, director, Geojit Comtrade, think current levels are unsustainable and that a rise in the rupee is sure to exert downward pressure on prices. The larger picture looks bearish and gold can come down to Rs 15,000-15,200 as early as November, said Vaidya. (India Times)
Carpenter turns crorepati: From Rs 2.5L to Rs 59cr Oct 16, 2009
He contacted his businessman friend Anuj Shekani, who took him to chartered accountant Purushotam Khandelwal for advice ... 30 am, Khandelwal advised them to approach Gujarat Chamber of Commerce and Industry (GCCI) executive committee member Durgesh Buch, who is also a chartered accountant. (India Times, India)
Nigeria: Foreign Aid May Dry Up -- FG Oct 15, 2009
This was made known by the Vice President, Dr. Goodluck Jonathan, in a keynote address at the opening ceremony of the ongoing annual conference of the Institute of Chartered Accountants of Nigeria (ICAN) in Abuja. Represented by the Minister of Finance, Dr. Mansur Muhtar, the Vice President said, "This has also contributed to the problems within our banking sector, which has led to the quick intervention of the Government through the Central Bank of Nigeria to forestall its collapse. This... (allAfrica.com)
Nigeria: Ex-Bank Director Gave Loan to Own Firms - Governor Oct 14, 2009
Sanusi, who addressed the Annual Conference of the Institute of Chartered Accountants of Nigeria, in Abuja said that Nigerians would be shocked when the sacked bank Managing Directors are confronted with facts of their excesses at the courts ... In her address, the President of ICAN, Mrs. Elizabeth Adegite, challenged chartered accountants in the country to play a more critical role in ensuring good corporate governance in the organisations they serve either as staff or external auditors in... (allAfrica.com)
Time To Amend Our Companies Laws And Company Registration Procedures Oct 9, 2009
A person who thus wants to establish a company just buys a shelf company (usually sold by chartered accountants or chartered secretaries firms) and gets the firm to change the shareholder(s) and director(s) details on the shelf company. A trading as name is normally registered with the Registrar of Companies. (Ghana Web, Ghana)
Lessons from Satyam: Watchdogs to tally ICAI's auditing norms Oct 9, 2009
NEW DELHI: Auditing norms prepared by the Institute of Chartered Accountants of India (ICAI) are likely to be vetted by an umbrella body consisting of various regulators, as the government learns its lessons from the Satyam fraud and makes auditing norms legal and binding like accounting standards ... Auditing norms prepared by the Institute of Chartered Accountants of India (ICAI) are likely to be vetted by an umbrella body consisting of various regulators, as the government learns its lessons... (India Times)
South Africa: Health Officials Face Criminal Charges Oct 9, 2009
Mahlangu said the findings of the forensic investigation by Gobodo Chartered Accountants would be made public before being handed to police. She said a preliminary report would be ready by the end of next week. (allAfrica.com)
Persistence pays Oct 8, 2009
among the girls in this years pageant were a financial analyst, chartered accountant, medical undergraduate, law students. Were not make-up dolls or dumb brunettes. (The Star Online, Malaysia)
Pure Energy Services Ltd. Announces Change of Chief Financial Officer Oct 8, 2009
Chris Martin, a chartered accountant, has been appointed as Pure Energy's Chief Financial Officer. Mr. Martin was the Chief Financial Officer of CanSub, a public oilfield service company with wireline and production testing operations in Western Canada, before its merger with Pure Energy. (CCNMatthews Press Releases)
Realty developers' tall claims fail to impress buyers Oct 7, 2009
"I couldn't sleep for days," says Dinesh Verma, a Delhi-based chartered accountant who booked a Rs 50-lakh house at DLF's New Town Heights project in Gurgaon. "After having taken 42% of the payment, DLF came back to tell us that it didn't have necessary licences to start construction." DLF assured Mr Verma and a thousand others that they would get their money back without interest within six months. (India Times)
Revealed: Top ten relationship wreckers Oct 4, 2009
For example Rahul, a forty year-old chartered accountant, did not realise the importance of attending his partners company social. He did not understand why she was so huffy the next morning and just put the atmosphere down to a hangover but was in too much of a hurry to ask. (India Times, India)
Lloyds.Earle.Panicker’s key appointments Oct 2, 2009
Panicker, Chartered Accountants Malaysia has appointed former Malaysian Industrial Development Finance Bhd chief operating officer Datuk Jamaludin Hassan its principal director of financial services. He will be joined by Ismail Sidek, who was made head of IT services and co-director of financial services. (The Star Online, Malaysia -- Business)
Gossan Elects New Director at Annual Shareholders Meeting Oct 2, 2009
Shareholders also approved the appointment of Meyers Norris Penny LLP, Chartered Accountants, as auditors of the Company. The matter of the approval of the Company's rolling stock option plan was withdrawn from the agenda. (CCNMatthews Press Releases)
CAPREIT Appoints New Chief Financial Officer Sep 30, 2009
He is a Chartered Accountant, a U.S. Certified Public Accountant, and a member of the New York Bar Association. "We are very pleased and excited to have Richard join CAPREIT," Mr. Schwartz added. (CCNMatthews Press Releases)
Is buying real estate a profitable idea? Sep 30, 2009
For many, real estate investment is an essential part of a well-rounded portfolio, says chartered accountant, Tarun Ghia. For those who want to be in real estate but in 'paper' form, real estate offers several opportunities: REITs (Real Estate Investment Trusts), options, property oriented mutual funds, and other mortgage backed securities, he adds. (India Times)
Govt may take private help for corporate audit Sep 25, 2009
This key task will now be done by privately engaged chartered accountants, cost accountants and company secretaries. The countrys three statutory regulators for accounting (ICAI), company secretaryship (ICSI) and cost accounting (ICWAI), have already been asked to send a panel of their members to the RoCs for this purpose, said a government official, who wished not to be identified. (India Times)
Call for accountants Sep 25, 2009
The South African Institute of Chartered Accountants (SAICA) planned to extend that support in the years ahead and to engage with additional institutes on issues of common interest, Matsobane Matlwa, SAICA's executive president told delegates to the 20th anniversary conference of the Eastern, Central and Southern African Federation of Accountants (ECSAFA) in Johannesburg on Monday, which ended on Wednesday 23 September. In this context, Matlwa drew attention to the most recent World Economic... (iAfrica.com)
Meet Rahul Gandhi, farmer-MP Sep 24, 2009
What the new members wont find in their midstat least from the details available so faris a single scientist, chartered accountant, architect, judge, producer, technologist or veterinarian. However, they will have four religious missionaries, including Yogi Adityanath from Gorakhpur and, somewhat perplexingly, Kirti Azad of 1983 World Cup fame. (India Times, India)
Profile - Chris Cuffe Sep 23, 2009
Cuffe began his career as a chartered accountant in 1980 and a decade later became chief executive of the new investment arm of the State Bank of NSW, called First State ... I just fell into it because I didn't want to remain a chartered accountant. (Sydney Morning Herald -- Business)
Audit watchdogs may get more service sway Sep 23, 2009
The proposal, mooted by the ministry of corporate affairs, is now being deliberated upon by professional bodies including the Institute of Chartered Accountants of India (ICAI), Institute of Company Secretaries of India (ICSI) and Institute of Cost and Works Accountants of India (ICWAI) ... ICAI, ICSI and ICWAI are institutes that serve as parent organs for the chartered accountants, company secretaries and cost accountants, respectively, and prepare functional as well as regulatory guidelines... (India Times)
Do lenders have to worry about new bankruptcy code? Sep 22, 2009
(Institute of Chartered Accountants of India). 1. (India Times)
Westpoint associate Finchley to close Sep 22, 2009
Sheridans Chartered Accountants principal Jennifer Low was appointed by the court as Finchley's liquidator. 2009 Brought to you by. (Sydney Morning Herald -- Business)
Tax deadline? Sep 21, 2009
Anita Monteith, Technical Manager, Tax Faculty, The Institute of Chartered Accountants in England and Wales. You can call the programme when lines open on Wednesday at 1330 GMT. The number to call is 03700 100 444. (BBC News -- UK)
'Chartered accountants safe from meltdown' Sep 20, 2009
Chartered accountants safe from meltdown' - India Business - Business - NEWS - The Times of India ... Chartered accountants safe from meltdown ... "There is no impact of recession on Indian chartered accountants (CAs) because no company can manage without them. Moreover there not even a drop in their salary packages," Uttam Prakash Agarwal, president of Institute of Chartered Accountants of India (ICAI), said here on Saturday. (India Times, India -- Intl Business)
United Kingdom Sep 20, 2009
The Institute of Chartered Accountants released a report on Aug. 24 noting that business confidence is up, and the survey's participants say the recession is over. On the other hand, 5 million British citizens who usually holiday abroad stayed at home this summer. (Pittsburgh Post-Gazette, PA)
Bioniche Reports Fiscal 2009 Year-End Results Sep 19, 2009
Brian is an accomplished chartered accountant and financial professional with over 26 years of experience serving private corporations and publicly traded entities ... He has earned a Graduate Diploma in Accounting from the University of McGill, a B.A. (Economics, History, English) from the University of Guelph, and is a Member of the Ontario Institute of Chartered Accountants. (PR Newswire)
Absa to cope with financial director departure Sep 19, 2009
They said a black chartered accountant with financial services experience and someone who would be acceptable to the regulator would win the bank plaudits for its seriousness on transformation. Commentators said there were good black partners in the big four auditing firms. (Business Report, South Africa)
E.G. Capital Inc. Provides Corporate Update Sep 19, 2009
Mr. Edwards is a Chartered Accountant and has earned a MBA from York University and a BA (economics) from the University of Toronto. Al J. Kroontje, a current Director of EG, is currently the President of his private investment company, Pellinore Holdings Inc., and is also the past President of Telford Services Group, Inc. Mr. Kroontje is also a trustee of Deepwell Energy Services Trust, a public trust listed on TSX and a director of several other publicly traded companies involved in oil and... (CCNMatthews Press Releases)
Terra Energy Announces Management Appointments Sep 19, 2009
Ms. Frame-Zawalykut holds a Chartered Accountant designation and brings 14 years of accounting experience including positions at Coopers & Lybrand, TransCanada, Loblaw Companies, and most recently Husky Energy. The Company also wishes to advise that Tim Blair, Vice-President Land, will be departing Terra Energy to pursue other interests. (CCNMatthews Press Releases)
Anderson, LaFleur win GOP primary Sep 18, 2009
Anderson worked in New York City and around the world in senior financial management positions at Colgate-Palmolive and is a fellow of the Institute of Chartered Accountants in England and Wales. LaFleur was elected to the Westport Board of Education in 2005. (Westport Minuteman, CT)
Concern looms over tax review Sep 17, 2009
Business and professional organisations such as the Business Council of Australia, the Institute of Chartered Accountants, and CPA Australia will also attend. A spokesman for the Treasury, Tony Murray, said the discussions would be an opportunity for business to have some input as the review got closer to the pointy head of the process. (Sydney Morning Herald -- Australia)
Bluerock Acquisition Corp. Announces Agreement for Qualifying Transaction Sep 16, 2009
Mr. Morley-Kirk is a Chartered Accountant with extensive public company experience in merchant banking, securities trading and investment management ... Mr. Stevens is a Canadian Chartered Accountant with over 30 years of experience in various financial roles. (CCNMatthews Press Releases)
SEBI for more transparency Sep 16, 2009
The proposal may, however, face stiff resistance from the chartered accountants community, even though many firms and the ICAI would agree rotation of audit partners as opposed to rotation of aud 00004000 it firms is definitely a more feasible option. The discussion paper published by Sebi on Monday has suggested that the audit partner signing the accounts of a listed company be rotated every five years. (India Times)
Petrolympic Announces Appointment of New Chief Financial Officer Sep 15, 2009
Mr. Marrelli holds a Bachelor of Commerce degree from the University of Toronto and is a qualified Chartered Accountant and Certified General Accountant. Mr. Marrelli is currently the President of Marrelli Support Services Inc., a corporate services firm. (CCNMatthews Press Releases)
Sebi tightens book reporting norms for listed companies Sep 15, 2009
The Sebi committee indicated that the chief financial officer of a listed entity need not be a chartered accountant, but proposed that the appointment should be approved by its audit committee. It said the audit committee, which comprises two thirds of an entitys independent directors, will be responsible to ensure the top finance officers professional credentials. (India Times)
ICICI Bank's Rs 10k-cr bad loans under lens Sep 13, 2009
NEW DELHI: The institute of Chartered Accountants of India (ICAI) has raised questions about ICICI Banks home loans business and has sought a fresh central bank audit of a two-year-old sale deal of dud loans, after a Mumbai-based chartered accountant spotted irregularities in some loans. The regulator should re-audit assets sold to ARCIL, ICAI president Uttam Prakash Agarwal told SundayET, referring to the sale of bad home loan assets worth over Rs 10,000 crore by the bank to the asset... (India Times)
Geoscience BC Appoints Two New Directors to the Board Sep 12, 2009
These new directors join the following continuing Directors: John Thompson, Vice President Technology and Development at Teck Resources Limited and Chair of the Board; David Caulfield, Co-Chairman and Director of Business Development of Kiska Metals Corporation; Tony Fogarassy, Director of Corporate Projects and General Counsel for NaiKun Wind Energy Group Inc.; Byng Giraud, Senior Director, Policy & Communications with AME BC; James D. Gray, Partner of Vancouver-based De Visser Gray Chartered... (CCNMatthews Press Releases)
Bayou Bend Corporate Update Sep 12, 2009
Ian Gibbs is a Canadian Chartered Accountant and a graduate of the University of Calgary where he obtained a bachelor of commerce degree. Ian Gibbs has held a variety of prominent positions within the Lundin Group of Companies; most recently as CFO of Tanganyika Oil where he played a pivotal role in the recent $2 billion acquisition by Sinopec International Petroleum. (CCNMatthews Press Releases)
Hawthorne Appoints New Directors to Board; Grants Incentive Stock Options Sep 12, 2009
Mr. Donald Siemens brings over 30 years of experience to the board as a Chartered Accountant, including 8 years in public practice as a partner with major accounting firms, 8 years in senior executive positions in industry and 18 years as a self-employed Financial Services executive ... Mr. Siemens obtained a Chartered Accountant designation in 1972, and a B.A. from University of British Columbia. (CCNMatthews Press Releases)
Day4 Energy Names James Topham CA to the Board of Directors Sep 10, 2009
Mr. Topham was awarded a Life-time Achievement Award from the BC Technology Industry Association in 2009, is a CA and council member of the Institute of Chartered Accountants of BC and received his Bachelor of Commerce degree from the University of Saskatchewan. "James brings a wealth of experience, a robust financial and strategic skill set and we are pleased to welcome him to our board," said Dr. John MacDonald, Day4's Chairman of the Board and CEO.. (PR Newswire)
'Future PSCs must have audit provision' Sep 3, 2009
Rai has suggested that CAG could conduct the audit either through its own people "and/or a firm of qualified chartered accountants appointed by him". "We believe this enabling provision for CAG's audit is necessary in view of the huge government stake involved, particularly in terms of current and future profit petroleum". (India Times, India -- Intl Business)
Pacific North West Capital concludes 2009 Annual Meeting Sep 3, 2009
James Stafford, Inc., Chartered Accountants were re-appointed the auditors of the Company for the ensuing year, and the directors were authorized to fix their remuneration by votes received in excess of 98. The Company was authorized to amend the exercise price and terms to existing stock options as outlined in the Company's information circular dated July 28, 2009 by receiving disinterested shareholder votes in excess of 92. (PR Newswire)
Ridley Inc. Reports Financial Results for Fiscal 2009 Fourth Quarter Sep 3, 2009
On July 1, 2008, the Company adopted the new accounting standard issued by the Canadian Institute of Chartered Accountants (CICA), Section 3031 - Inventories. This standard provides guidance on the determination of cost and requires inventories to be measured at the lower of cost and net realizable value. (CCNMatthews Press Releases)
Kolkata: Vedic Village owner arrested Aug 30, 2009
On February 29, 2008, aspiring chartered accountant Manish Agarwals body was found at Dhapa. The 24-year-old had been missing for eight days. (India Times, India)
R Bandyopadhyay, secretary, DPE Aug 29, 2009
We have tied up with institutes such as the Institute of Chartered Accountants of India (ICAI) and Comptroller and Auditor General of India (CAG) so as to address some of the key governance issues. In fact, we are now working with public enterprises at the state level, so that they can benefit from our experience. (India Times)
Blackburn Ventures Corp. Announces Proposed Qualification Transaction Aug 28, 2009
Mr. Szustak is a Chartered Accountant with over 24 years of experience including 14 years experience at national brokerage firms holding various positions in sales, management and securities compliance. Mr. Szustak is currently Chief Financial Officer of the following public companies: Castle Resources Inc. (TSXV: CRI), James Bay Resources Limited (TSXV: JBR), and Northern Gold Mining Inc. (TSXV: NGM). (CCNMatthews Press Releases)
OMT Reports Results for Three Months Ended June 30, 2009 Aug 28, 2009
(c) On January 1, 2009 the company adopted the following Canadian Institute of Chartered Accountants (CICA) handbook sections. Section 3064 - Goodwill and Intangible assets. (CCNMatthews Press Releases)
Tengku Datuk Azmil Zahruddin made MAS MD/CEO Aug 28, 2009
He is a chartered accountant and an associate of the Association of Corporate Treasurers, Britain. MAS. (The Star Online, Malaysia)
Gold Star Resources Corp. Announces New Board Members Aug 27, 2009
Mr. Dinning is a Chartered Accountant with 40 years experience in both the public and private sector ... "Robert Dinning is a Chartered Accountant who has operated his own consulting business for the past 30 years and he brings effective management and administrative experience to Gold Star. His proven record of success in the financial community includes being a Director and/or Officer of several public companies, including Industrial Mineral Inc., ATAC Resources Ltd., Rockhaven Resources Ltd.,... (PR Newswire)
Turbo Power Systems Inc.: Appointment of Non Executive Director Aug 27, 2009
Mr Piper, aged 57, qualified as a chartered accountant in 1977. He was appointed Finance Director of Logica (UK) in 1990 and was Group Finance Director of WS Atkins from 1993 to 2002. (CCNMatthews Press Releases)
Green crusader Aug 27, 2009
" Mr Dutta's campaign has resulted in a cleaner Calcutta Mr Dutta points out that West Bengal state's opposition Trinamul Congress party opposes a chemical industry in Nayachar coastal area for fears of possible coastal pollution, but it takes to the streets in support of old vehicles which pollute Calcutta's air. Similarly, he says, the state's governing Marxists were loathe to phase out old, polluting vehicles for fear of upsetting transport owners until they were forced by the court to act. A... (BBC News -- South Asia)
Metanor-To File Restatement of Financials Aug 26, 2009
The Company intends to change certain of its accounting policies in order to comply with Canadian Institute of Chartered Accountants' Accounting Guideline 11 (AcG-11"), "Enterprises in the Development Stage" and to respect the dispositions mentioned in the National Instrument 43-101 relating to the mining projects information ("NI 43-101"). These modifications reflect in particular, the opinion that as long as the Company did not proven mineral reserves and reach the criteria allowing her to be... (CCNMatthews Press Releases)
UK Recession Ends as Confidence Grows Aug 25, 2009
The ICAEW's report compiled from the responses of 1,000 chartered accountants between May 13 and August 3 found IT is the most confident sector (+18. 5 per cent), followed by banking, finance and insurance (+15. (BusinessWeek)
Data suggest Europe, Asia economy looking up Aug 25, 2009
The Institute of Chartered Accountants in England and Wales said the business community was largely more optimistic than not for the first time since the May-August period of 2007 - before the global financial crisis erupted and Britain fell into recession. Michael Izza, the institute's chief executive, said the survey suggested Britain's recession was "at an end.". (The Star Online, Malaysia)
Recession in UK seems 'at an end' Aug 24, 2009
The Institute of Chartered Accountants' index of business confidence rose to 4 ... More than 1,000 chartered accountants were surveyed across England and Wales. (BBC News -- Europe)
Four join Maybank board Aug 22, 2009
A Fellow of the Institute of Chartered Accountants in England and Wales, Cheah served in the civil service in the early 1980s and after leaving the Government, he served in various capacities in Public Bank, Chase Manhattan Bank, Merrill Lynch, Goldman Sachs, UBS and BNP Paribas. He is currently a director and partner of Aktis Capital Singapore Pte Ltd and sits on the board of various private equity companies in Hong Kong, China and Malaysia. (The Star Online, Malaysia -- Business)
Centre yet to assess Satyam fraud Aug 22, 2009
The Institute of Chartered Accountants (ICAI), which oversees auditors, will take disciplinary actio 00004000 n against erring auditors and terminate their licences to audit accounts. Also Read. (India Times)
Bharti shareholders OK dividend of Rs 2 Aug 22, 2009
They also gave their nod to appointment of S R Batliboi and Associates, chartered accountants, as statutory auditors to hold office till the conclusion of next annual general meeting, it added. Shares of the company closed at Rs 411. (India Times)
Minister ask MDAs, assemblies to adopt internal checks Aug 21, 2009
The workshop among other issues deliberated on the outcome of the Messer Ernest Young Chartered Accountants audit of the Government of Ghana accounts for 2006 and 2007, under the Multi-Donor Budget Support (MDBS) arrangement ... Nii Abbey Abbey, the Regional Auditor, said the Messer Ernest Young Chartered Accountants report had exposed lapses in the public sector. (Ghana Web, Ghana)
Glitch in India's transit plan to IFRS Aug 19, 2009
Officials at the domestic accounting regulator The Institute of Chartered Accountants of India (ICAI) were not available for comment on the matter. The issue is relevant because if the restatement of earnings, as per the IFRS rules, is downwards, this could lead to similar adjustments in retained profits. (India Times)
