Fourth Saudi-Pak Accountancy Symposium Thursday, May 14, 2015, from 5:00-10:00 pm Ritz Carlton Hotel, Riyadh Technology: CFO S New Best Friend Organized by: ICAP KSA Chapter Under the partronage of H.E. the Minister of Commerce and Industry Dr. Tawfiq bin Fawzan Al Rabiah Supported by: MAIN SPONSOR CO-SPONSORS
INTRODUCTION The first rule of any technology used in a business is that automation applied to an efficient operation will magnify the efficiency. The second is that automation applied to an inefficient operation will magnify the inefficiency. Information technology and business are becoming inextricably interwoven. I don t think anybody can talk meaningfully about one without the talking about the other. Welcome to the Fourth Annual Saudi-Pak Accountancy Symposium organized by the KSA Chapter of the Institute of Chartered Accountants of Pakistan (ICAP), at the Ritz Carlton Hotel Auditorium in Riyadh, Kingdom of Saudi Arabia on May 14, 2015 (25 Rajab 1436). In line with the theme of the Symposium Technology CFO s new best friend, the event aims to highlight the relevance of technology and how vital that it is harnessed by the age old profession of accountancy and finance. As CFO s, it can no longer be assumed that technology is an IT function. It is a business function and as stewards and business strategists CFO s are expected to be at the forefront of this digital age. Just like the industrial revolution heralded the industrial age, so is the case with the digital revolution that has brought about the Information age where digital realms, big data, cloud computing, ERP software, globalization, digital audit trails, virtual currency and online payment and settlement portals are redefining the new normal. The accounting and finance professionals of today are no longer mathematical tools but business leaders. This shift has come about through the aid of deploying technology as effectively as deploying capital and other resources. The language of today s accounting and finance professionals is completely different to what they spoke two decades back and there is nothing to suggest that the language of today will not go ancient in less than a decade in the future. Such is the dizzying impact of technology. The Symposium will aim to bring together under one roof, the leading practitioners of accountancy and finance from Kingdom of Saudi Arabia and Pakistan. The track record of success, participation, rich and diverse agendas of the previous annual events and coverage of the same in the local and international press has made this event an annual must for the best in the business. ICAP KSA Chapter has indeed made its mark as the pre-eminent overseas chapter with high impact, high visibility in the business corridors of KSA. The latest example of this is that this Symposium is being held under the patronage of H.E. the Minister of Commerce and Industry Dr. Tawfiq bin Fawzan Al Rabiah. Furthermore, the ICAP KSA Chapter remains grateful to ICAP and SOCPA and the continued patronage of Embassy of Pakistan in Saudi Arabia. 01
AGENDA 5:00 PM Registration, Welcome Drinks, Networking 6:00 PM Recitation of Holy Qur an 6:05 PM Opening Remarks 6:10 PM Video Address 6:20 PM Presentation on Middle East Careers Portal Mr. Umair Murtaza Chairman, Placement Committee, ICAP KSA Chapter 6:30 PM Magrib Prayer break 6:45 PM Welcome Address & Overview of Chapter Mr. Muhammad Iqbal, President, ICAP KSA Chapter 6:55 PM President Address Mr. Yacub Suttar, President ICAP 7:05 PM Ambassador Address H.E. Manzoor ul Haq Ambassador of Pakistan to Saudi Arabia 7:15 PM Chief Guest Address H.E. Dr. Tawfiq bin Fawzan Al Rabiah Minister of Commerce and Industry / Chairman SOCPA Board 7:25 PM Key Note Address: Technology CFO s New Best Friend Mr. Mutlaq Al Morished CEO, National Industrialization Company (TASNEE) 7:45 PM Distribution of 2nd Annual Awards for Most Valued Contribution to the Profession 8:00 PM Distribution of shields 8:05 PM Lightning Talk Session: Mr. Abdulmohsen Abdulaziz Al-Fares, CEO Alinma Bank Mr. Ahmar Azam, CFO, Leejam 8:25 PM Technical Panel Session: IFRS Transition in KSA Moderated by Mr. Muhammad Asif Iqbal, Director Accounting Standards SOCPA and Secretary ICAP KSA Chapter Panelists: Mr. Kashif Rana, CFO ACWA Power and representatives from Deloitte, EY, PWC and KPMG 8:55 PM Distribution of shields 9:00 PM Concluding Remarks by Mr. Shahid Murad Vice President, ICAP KSA Chapter 9:05 PM Isha Prayer break / Dinner 02
SPEAKERS H.E. Dr. Tawfiq bin Fawzan Al Rabiah, Minster of Commerce and Industry and Chairman SOCPA Board H.E. Mr. Manzoor ul Haq, Ambassador of Pakistan to Saudi Arabia Mr. Mutlaq Al Morished, CEO, National Industrialization Company (TASNEE) Dr. Ahmad Almeghames, Secretary General, SOCPA Mr. Yacub Suttar, President, ICAP Mr. Kashif Rana, CFO, ACWA Power Mr. Abdulmohsen Al-Fares, CEO, Alinma Bank Mr. Ahmar Azam, CFO, Leejam Representative from Deloitte Representative from Ernst & Young Representative from KPMG Representative from PWC 03
FEEDBACK FROM THIRD SAUDI-PAK ACCOUNTANCY SYMPOSIUM ACWA Power was pleased to support ICAP s third annual Saudi-Pak Accountancy Symposium on 15th May 2014 as its Main Sponsor. The event was very well organized and seamlessly executed in spite of the large turnout which is growing with each passing year. The fact that the event managed to attract the crème de la crème of the Saudi and Pakistani expat accounting professionals is a testament to the event s success. I hope that the issues debated at the said event and the conclusions derived will help improve the professional standards. ACWA Power Main Sponsor On the whole the function was very successful. For this you deserve our heartfelt congratulations. I was quite impressed by the number of people you had at your function. It is normally difficult to collect such a large number at such functions. You and your colleagues must have worked really very hard to assemble such a large number. I am grateful to you and your colleagues for giving me the award for my humble contribution to Islamic Economics. Dr. M. Umer Chapra Keynote Speaker and Award recipient It was indeed an honor for me to receive the award given by ICAP KSA Chapter for which I am very much thankful. I was also very much impressed by the overall quality of event. Congrats to you and your team. Keep it up. May Allah give you more successes and do get in touch with me for any assistance in future. Best regards Dr. Abdulrahman Alhumaid, Trustee, IFRS Foundation, Award recipient It is always a pleasure to me personally and for us at KPMG to support the ICAP Chapter in KSA. Further I like to thank you for the outstanding organization of the event this year and the transformation on you made into the agenda and variety of the participants backgrounds. Regards, Khalil Al Sedais, Partner & Head of Audit, KPMG Saudi Arabia - Speaker It had a very strong line up of speakers across the various industries and good balance between technical presentations and business issues. The presentations were relatively short and focused and also debate session was a good break from dry presentations Adrian Flowers, Speaker - CEO SABB Takaful My thanks and appreciation for inviting me and I really commend Mr. Iqbal and other colleagues on a well organized event. Dr. Yahya Aljabr Speaker Thanks a lot for your efforts in recognizing our professions and institute in KSA and also thanks for providing a good platform to meet and interact with old and other same profession fellows. Ubaidullah Siddiqi- AJIL Financial Services Co-sponsor It was first participation from me and my company. The event was organized in a professional manner and I enjoyed thoroughly. Congratulations to the entire team. Muhammad Shoaib Shekhani, Zahid Tractors Co-sponsor Many thanks for inviting us for the event. It was a great effort all round from the KSA Chapter team Shahid Ahmed Riazi, Saudi Orix Leasing Co-sponsor We definitely enjoyed it Food was great mashaallah as was the overall professionalism and quality of the speakers. Mohammed Fahad, KPMG Participant 04
GLIMPSES FROM THIRD SAUDI-PAK ACCOUNTANCY SYMPOSIUM 2014 Dr. Abdulrahman Alhumaid (R) receiving his Award Dr. Umar Chapra (R) receiving his Award Mr. Tariq Javed (R) receiving his Award Dr. Ahmad Almeghames (R) receiving his Award Eng. Abdulaziz Bin Abdullah Al-Zamil, Ex Minister and Chairman Zamil Group Dr. Umar Chapra presenting his Keynote Address Mr. Naeem Shaikh, then ICAP President Mr. Khayyam Akbar, Acting Ambassador of Pakistan Dr. Ahmad Almeghames, Secretary General, SOCPA 05
GLIMPSES FROM THIRD SAUDI-PAK ACCOUNTANCY SYMPOSIUM 2014 ( Mr Adrian Flowers, CEO SABB Takaful (L) receiving his speaker shield Mr. Khalil Sedais, Partner KPMG (R) receiving his speaker shield Mr. Khalid Aladdem, Ast. Professor King Saud University (L) receiving his speaker shield Mr. Noman Ansari, Group Treasurer STC Mr. Riaz Khan, Head of IT (L) Operations, Bank Aljazira receiving his speaker shield Mr. Gavin Steel, Partner, PWC Middle East (L) receiving his speaker shield Dr. Yahya Aljabr, Associate Professor Accounting, King Saud University Mr. Paul Gay, Group CFO Almarai Mr. Imran Iqbal Tax Partner, EY ME 06
REGISTRATION FORM Fourth Saudi-Pak Accountancy Symposium Technology: CFO s New Best Friend May 14, 2015 Ritz Carlton Hotel, Riyadh, Saudi Arabia CPD Credit: 4 hours Full Name: Name on Badge: ICAP Membership #: SOCPA / Other Professional body Membership #: Company: Designation: City E-mail: Cell Phone #: Office Phone #: Online registration facility is also available at the following link: http://event.icapksachapter.org/ Registration fees: Early bird SR 200 per person till 30th April 2015 Registration close date: 07th May 2015 Normal SR 250 per person from 1-7 May 2015 MODE OF PAYMENT Registation fees will only be accepted through bank transfers in the following account Account title: ICAP KSA Chapter Bank: Alinma Bank Account number: 68288006600000 IBAN: SA8105000068288006600000 For inquiries, please contact the following persons: Khurram Amanullah (Riyadh) Mobile: 0533201057 Email: icapksachapter@gmail.com Ashfaq Bataviya (Jeddah) Mobile: 0542042385 E-mail: bataviya1985@gmail.com Shahid Murad (Khobar) Mobile: 0507604397 Email: shahid.murad@advancedpetrochem.com 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 banking, finance and 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 Muhammad Iqbal (President) at miqbal@alinma.com / 0564245379 or Muhammad Asif Iqbal (Secretary) at asifiqbal@socpa.org.sa / 0540975382. 07