Financial Risk Manager

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ICAEW Representative in Pakistan

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For ICAP Members

Mr. Justin West (ICAEW Representative) will be conducting Free Seminar in Karachi and Lahore on 23rd and 26th October, 2009 respectively on ICAEW Qualification in Pakistan and to answer students? unique ongoing questions including on changes in MoU with ICAP. The Chief Executive of Emile Woolf Pakistan (EWP), Mr. Mohammad Maqbool, FCA will also be available at Seminar to further clarify the study system approach for ICAEW Exams.

The Seminars will be conducted according to following Schedules:

Karachi: Friday 23rd October, 2009
Venue: ICAP Auditorium
Arrival of Guests: 03.15 pm
Presentations: 03.30 pm
Hi-Tea: 05.30pm

Lahore: Monday 26th October, 2009
Venue: Royal Palm, Golf and Country Club
Arrival of Guests: 4:15 pm
Presentations: 4:30 pm
Hi-Tea: 06.00 pm

Please confirm your participation by registering your particulars here.

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posted @ 10:57 AM, ,

I Should Have Said No

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A CFO who confessed to fraud wants business students to learn from his mistakes. An interview with Aaron Beam, former CFO, HealthSouth Corp.

At 66, Aaron Beam is getting on with his life. Six years ago Beam made headlines by admitting that he cooked the books at HealthSouth Corp., the Birmingham, Alabama-based provider of inpatient and outpatient rehabilitation services that he co-founded. The four men who succeeded Beam as finance chief also confessed to the $2.7 billion accounting fraud, which took place between 1996 and 2002. All five CFOs pleaded guilty to criminal charges and testified that HealthSouth co-founder and CEO Richard Scrushy was behind the fraud. But the defense hammered away at their credibility during Scrushy's 2005 trial, and Scrushy was acquitted of all charges. (He was, however, convicted of bribery in 2006, and is currently serving an 82-month sentence in a Texas federal prison.)

Released after three months in a minimum-security pen, Beam retreated to his small hometown of Loxley, Alabama. Having sold his $3 million dream home to pay restitution and legal fees, Beam now lives modestly and mows lawns for a living. But he is also developing another career: educational speaker. By telling his story to business students, Beam thinks he can teach a highly personal lesson in ethics that will stick.


Most CFOs can probably tell stories about the CEOs they've worked with, but in your case it sounds like an especially difficult relationship.

Unless you were there and experienced it, it's hard to understand. You couldn't tell [Scrushy] no on anything. I have seen him so mad over minor things that I actually feared for my physical safety. I often joke with students that if Richard Scrushy and Hannibal Lecter were in a fight, I would bet on Richard Scrushy

Edward Teach - CFO Magazine

Click here to read more

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posted @ 1:45 PM, ,

Best Accountants Group

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At the start of my professional career, one of my friends told me to join an accounts related group to stay updated with major developments in ever expanding accounting field.s At that time I didn't have such information about groups but I visited yahoogroups and found Professional Accountants Forum - founded in Jan 29, 2003.

The aim of the group is to provide a platform to communicate and exchange views / information on matters of professional interest, conduct professional development programs, enhance economic knowledge, help students, co-ordinate with other forums, sharing research work and much more.

Being there for some time now, I recommend every body to join this one of the oldest and best groups among all. That has been the best place for me to share knowledge and interact with other. I have already met some wonderful folks there. My message for moderator of this group, "Keep it up man... You are the best."

Click here! to visit and join. I invite everybody to comment over the services of this group that it incurred during last six years.

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posted @ 9:58 AM, ,


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