News

Now in Baghdad

We are pleased to inform you that our firm in Erbil has just opened a branch in Baghdad, Rowad street, Mansour district opposite to Mansour Mall.

You're invited to our new cloud accounting solution launch event

We’re delighted to invite you to our event on 23 January, at which we’ll be talking about the latest innovations in accounting technology and officially launching our new cloud accounting solution; Stream powered by RSULT. A complete online finance and accounting solution, you can view and drill down into your financial data through one easy-to-use central hub, providing automation, better integration, increased efficiency and real-time data to manage your business.

PAKISTAN - Code of Corporate Governance for Listed Companies

Since its first implementation in the year 2002, the Code of Corporate Governance, for listed companies of the country, has witnessed various changes over the period. A round has recently been carried out by Securities and Exchange Commission of Pakistan (SECP) for a 360 degree review of corporate governance practices in the country. As a result we have a new Code effective from January 01, 2018, providing for deferred compliance with its certain requirements, including composition of Board of Directors (“the Board”) and their training under the Directors’ Training Program. New Code is also applicable to all other entities where their statutes and underlying licensing requirements require compliance with the Code.

MOORE STEPHENS, UAE SEMINAR ON VALUE ADDED TAX (VAT)

On December 14, 2016, Moore Stephens, Dubai organized a seminar on Value Added Tax (VAT) at the Roda Al Bustan Hotel for some of its clients and associates.  The objective of the seminar was to provide clients with the fundamentals, concepts and deeper understanding of the technical aspects of VAT, the implementation of which is currently underway across the GCC. 

Tax authority of Iraqi Kurdistan discusses proposed tax reform

On 9 November 2016, the Kurdistan Regional Government (KRG) Tax Authority organized a focus group session to discuss the current tax system in the Kurdistan Region of Iraq (KRI) and address fundamental tax reform strategies. The session was led by the Director General of the KRG Tax Authority and attended by various taxpayer representatives in the KRI, including EY tax professionals based in Erbil.

REVISED CODE OF CORPORATE GOVERNANCE – SULTANATE OF OMAN

The revised Code of Corporate Governance (‘Code’) issued by the Capital Market Authority was effective for Publicly Listed Companies with effect from July 2016. The revised code enhances the overall framework of the existing Code and urges the public companies to display greater standards of compliance to ensure investor protection. The Code is built on a 14 principle framework, with each principle detailing terms and requirements for compliance. As with the previous code, the revised code requires the external auditor to certify if the company is in material compliance with the requirements of the Code. 

IFRS UPDATES AND AUDIT METHODOLOGIES - TRAINING FOR THE MOORE STEPHENS QATAR AUDIT STAFF

MS Qatar hosted a two-day training session on IFRSUpdates and Audit Methodologies last November 29 and 30, 2016 at Holiday Villa Doha. The training was conducted by Moore Stephens Dubai learning champions, headed by Mr. Magesh wanath Mani Rao (Partner –Assurance) and Mr. Shezad Farad Lakdawala. The session was attended by MS Qatar technical staff members and head of departments as well.

Cairo, December 2016 / Partners' Conference (MENA)

The regional partners’ conference took place in Egypt- Cairo on the 10th and 11th of December 2016, hosted by the Moore Stephens Egypt office.
Key speakers from around the network were present and Mr. Shrif Samy, the Chairman of the Egyptian Financial Supervisory Authority, presented the latest updates governing the EFSA
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