+ A
A -
The Philippine Institute of Certified Public Accountants (PICPA) Qatar Chapter recently acquired its Qatar Financial Centre (QFC) registration which will help the Chapter implement its planned projects and programmes for the current fiscal year as well as the coming years.
The Chapter is officially registered with the QFC as PICPA Doha LLC (G). The registration certificates were officially handed over by QFC officials led by Raed al Emadi, Chief Commercial Officer, to PICPA Doha Board of Directors led by Rommel A. Huenda, Senior Executive (Function) of PICPA Doha LLC(G) at the QFC premises in December.
PICPA Doha is one of the recognised chapters of PICPA National which champions the same mission, vision and core values with just one purpose--serve its members and contribute to the nation building. Its objectives include upholding and maintaining high standards in the accountancy profession by continually providing training, holding seminars and workshops that enhance the knowledge and skills of its members as well as encouraging its members and associates to obtain other international certifications that will improve their professional qualifications.
QFC provides an attractive platform for a wide range of business and professional organisations as it offers quick and easy licensing processing. The QFC registration is timely as the PICPA chapter celebrates its 11th year in Qatar.
At a seminar on International Financial Reporting Standards (IFRS), PICPA Doha hosted at the La Cigale Hotel early this month, the group formally announced to the members its QFC registration.
Over 80 professionals from various companies and business sectors in Qatar attended the seminar led by PICPA Doha’s current President Sharon C. Dela Cruz who delivered the opening remarks on the occasion.
Deloitte Qatar’s Audit and Advisory Principal Sagun Vaidya and Audit Manager Michelle Eugene Baraquio facilitated the comprehensive discussion about the IFRS 16 which took effect on 1st January 2019, replacing IAS 17-Leases. The seminar highlighted the core technical principles for identification of leases, its recognition and measurement, lease term, determining discount rate, transition and the disclosures required under the said IFRS. The discussion also pointed to the effects of the updates on business entities, particularly those with major assets under operating leases. Awareness and understanding of these updates are crucial to ensuring compliance and optimal risk management.
The seminar attendees earned up to four continuing professional development (CPD) units. PICPA seminars help the members in meeting the requirements of the Professional Regulatory Commission for maintaining their professional licence in accordance with the CPD Act of 2015. The said Act, which became a law in July 2016 and was implemented, starting March 2017, increased the required credit units from 60 to 120 to be earned by Philippine certified public accountants within a three-year reporting period.
Elmer H. Espiritu, current Senior Vice President, delivered the closing remarks and congratulated the Council for another successful seminar and thanked everyone for their participation. He also gave an update on the upcoming programmes and events for the succeeding months. For more information about PICPA Doha and its upcoming events, visit www.picpadoha.org.
The Chapter is officially registered with the QFC as PICPA Doha LLC (G). The registration certificates were officially handed over by QFC officials led by Raed al Emadi, Chief Commercial Officer, to PICPA Doha Board of Directors led by Rommel A. Huenda, Senior Executive (Function) of PICPA Doha LLC(G) at the QFC premises in December.
PICPA Doha is one of the recognised chapters of PICPA National which champions the same mission, vision and core values with just one purpose--serve its members and contribute to the nation building. Its objectives include upholding and maintaining high standards in the accountancy profession by continually providing training, holding seminars and workshops that enhance the knowledge and skills of its members as well as encouraging its members and associates to obtain other international certifications that will improve their professional qualifications.
QFC provides an attractive platform for a wide range of business and professional organisations as it offers quick and easy licensing processing. The QFC registration is timely as the PICPA chapter celebrates its 11th year in Qatar.
At a seminar on International Financial Reporting Standards (IFRS), PICPA Doha hosted at the La Cigale Hotel early this month, the group formally announced to the members its QFC registration.
Over 80 professionals from various companies and business sectors in Qatar attended the seminar led by PICPA Doha’s current President Sharon C. Dela Cruz who delivered the opening remarks on the occasion.
Deloitte Qatar’s Audit and Advisory Principal Sagun Vaidya and Audit Manager Michelle Eugene Baraquio facilitated the comprehensive discussion about the IFRS 16 which took effect on 1st January 2019, replacing IAS 17-Leases. The seminar highlighted the core technical principles for identification of leases, its recognition and measurement, lease term, determining discount rate, transition and the disclosures required under the said IFRS. The discussion also pointed to the effects of the updates on business entities, particularly those with major assets under operating leases. Awareness and understanding of these updates are crucial to ensuring compliance and optimal risk management.
The seminar attendees earned up to four continuing professional development (CPD) units. PICPA seminars help the members in meeting the requirements of the Professional Regulatory Commission for maintaining their professional licence in accordance with the CPD Act of 2015. The said Act, which became a law in July 2016 and was implemented, starting March 2017, increased the required credit units from 60 to 120 to be earned by Philippine certified public accountants within a three-year reporting period.
Elmer H. Espiritu, current Senior Vice President, delivered the closing remarks and congratulated the Council for another successful seminar and thanked everyone for their participation. He also gave an update on the upcoming programmes and events for the succeeding months. For more information about PICPA Doha and its upcoming events, visit www.picpadoha.org.
