The Southern Regional Committee of the Institute of Chartered Accountants of Pakistan (ICAP) recently organised a Seminar on 'Professional Ethics in Practice - Alarming Trend". Masoud Ali Khan, Fellow member of the Institute of Cost & Management Accountants of Pakistan (FCMA), a seasoned professional having successful track record of leading and managing business, finance & support functions of reputed organisations in Pakistan as well as the Middle East, was invited as Guest Speaker.
Khan made excellent presentation covering global trend from 1980 until 2010 'and described how the accounting scandals & frauds have increased manifolds during the last decade. He also quoted some corporate policies I cases, as eye-openers indicating how big corporates are involved in unethical practices. A fraud survey conducted by KPMG- India in 2010 was also used to substantiate the trend in the region.
He concluded the presentation with following excellent advice of our beloved Prophet (Peace be upon him): "What is lawful is clear and what is unlawful is clear, but between them are certain doubtful things, which many people do not recognise. He who guards against the doubtful things keeps his religion and his honour blameless, but he who falls into doubtful things falls into what is unlawful".-PR
Comments
Comments are closed for this article.