Mohammad Iqbal Ghori

13/01/2021

The accounting profession has a vital role and obligation to society and public in addition to its fiduciary duty to employers and clients. In recent days, however, we see the accounting profession compromising on basic principles of ethics ingrained in ethical codes applicable on professionals. The recent massive leaks of financial documents under Panama and Paradise papers have exposed the vulnerability of accountants and auditors in acting as a facilitator of tax evasion practices instead of being a gatekeeper as traditionally acknowledged. This has perturbed the global accounting profession about the need for a more stringent mechanism for ethical compliance of their members and increasing role towards protecting the public interests.

09/01/2021

Iqbal Ghori Insights on ICMAO 21-23 Council Elections Analysis of Candidates Polices

14/10/2020

Alhamdulillah, By the Grace of Almighty Allah once again the commitment with excellence and transparency has been recognised on the national forum.

Sadaqat Limited has been secured the *Best Corporate Report award* by ICAP & ICMAP in the textile category. As per the following result

*1st* *Sadaqat Limited*
*2nd* Gadoon Textile Mills Limited and
*3rd* Kohinoor Textile Mills Limited
*Joint 4th* Salfi Textile Mills & Gul Ahmed Textile
*Certificate of merit*
• Island Textile mills
• Tata Textile mills
• Feroze1888 Mills Limited


& the *Business Sustainability Report (BSR)* has secured the third position as per the following result

*1st Position* Fauji Fertilizer Company Limited
*2nd Position* ICI Pakistani Limited.
*3rd Position* Sadaqat Limited

*Certificate of merit*
• Attock Refinery Limited
• Indus Motor Limited

27/06/2020

The predominance of consulting income over auditing income inclines the auditor to be more accommodating in order to use its auditing role as both a loss leader and a portal of entry into the client in order to maximize more lucrative consulting income.

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27/06/2020

Consulting income is not the only source of potential conflicts that could limit an auditing firm’s independence. The U.K.’s CMA has found that two-thirds of the chief financial officers in large listed and private companies were alumni of the Big Four (See Carillion Report 2018). The implication here is that an individual auditor may seek to accommodate the issuer’s management in the hopes of joining it at a high level.

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26/06/2020

https://www.tandfonline.com/doi/full/10.1080/00014788.2019.1611715

(2019). Why do auditors fail? What might work? What won’t? Accounting and Business Research: Vol. 49, International Accounting Policy Forum, pp. 540-561.

25/05/2020

Elimination of Monopoly, manadatory cost audit & NOCLAR are inevitable to ensure transparency.
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Articles Accounting professionals: Public interest obligations News Desk Jan 7th, 2018 Comments Off on Accounting professionals: Public interest obligations The new ethical standard for auditors and other professional accountants ie NOCLAR is going to transform the thinking and practice of accountin...