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67th SAFA Assembly Meeting on 8th May 2008 at 9.00 AM at Hotel Radisson, Kathmandu, Nepal
SAFA Nodal Officers Meeting on 9th May 2008 at Hotel Radisson, Kathmandu, Nepal
CAPA-ICAN International Conference on the theme 'Integrating Nepalese Profession with the Outside World' on 10th May 2008 at Hotel Radisson, Kathmandu, Nepal
New Office Bearers of ICMAB
5th SAFA Board meeting & Committee meetings
New Office-Bearers of ICWA India
New Office-Bearers of ICA Nepal
SAFA Silver Jubilee Celebrations
Meeting of SAFA Committee on Professional Accountants in Business is scheduled on 12th January, 2008 at New Delhi, India.
ICAI International Conference on Accounting Profession - Shining Bridge between Global Economies on 20th - 22nd November, 2008 at Jaipur
MR SYED MD SHABBAR ZAIDI ELECTED PRESIDENT OF SAFA
SAFA Conference 'Value Creation by Professional Accountants' on 4th-5th April 2008 at Lahore, Pakistan
SAFA Board meeting on 4th April 2008 at Lahore, Pakistan
ICA Nepal International Conference "Integrating Nepalese Profession with the Outside World" on 10th May 2008 at Kathmandu, Nepal
SAFA Best Presented Accounts and Corporate Governance Award Ceremony held on 12th January 2008 at New Delhi
IFAC Seeks Proposals to Develop Practice Management Guide for Small and Medium Accounting Firms
New IFAC Paper Focuses on Internal Control From a Risk-Based Perspective and the Role of Accountants in Business
CA. Ved Jain and CA. Uttam Prakash Agarwal elected as President and Vice-President of ICAI
   



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»  Governance of SAFA »   SAFA Board

SAFA Board

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About SAFA Board     Objectives and Functions of SAFA Board          
Board Members    Board Meetings Meeting Management System

About SAFA Board
SAFA Board is the Executive Board of SAFA. As per the constitution of SAFA: -

a). The SAFA Board shall comprise of President, Vice-President, Immediate Past President, Secretary-General and one member nominated by each of the member-body and who can be accompanied in the meeting of the SAFA Board with one technical advisor. The Vice-President shall be deemed to be the member nominated by the body, which he represents, and the said body shall not have any right to nominate any member on the Board during the tenure of Vice-President.

b). Every member of the Board other than President, Vice-President and Immediate Past President shall have tenure of three years and shall be liable to retire by rotation. A person cannot be a member of the Board for more than two consecutive terms. A term served in part would constitute as a one full term served.

c). The SAFA Board shall meet at least four times in a year physically or through tele-conferencing or video conferencing through the use of audiovisual method, once in each quarter of the calendar year.
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Objectives and Functions of SAFA Board
The SAFA Board shall perform administrative, financial and other functions such as:-
(i)
consider policy, strategic and emergent issues for recommendation to the Assembly

(ii)
make recommendations to Assembly for constitution of committees and their terms of reference

(iii)
recommend to the Assembly on application for the admission as member, observer and on their suspension or removal

(iv)
recommend to the Assembly about the appointment of the auditor and fixation of their remuneration

(v)
set up task forces, study groups etc as may be required from time to time

(vi)
consider the budget of SAFA and its committees, for recommendations to the Assembly

(vii)
consider, receive and approve the financial statements of the SAFA for placing before the Assembly

(viii)
consider and adopt the reports of committees, task force, study groups etc

(ix)
determine response to other bodies or groups of bodies except on strategic, policy or emergent issues, for which recommendation shall be made to the Assembly

(x)
determine the publicity policy for SAFA, including policy on more prominent positioning at SAARC level

(xi)
maintain dialogue with the national Accountancy bodies, Government and regulators in different countries wherever required, for the furtherance of the objectives of SAFA

(xii)
appointment of employees, fixation of their remuneration and service conditions

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Meeting Management System
Meeting Management

Agenda
Mins
ATR
Others
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Board Members
Mr. Syed Mohammad Shabbar Zaidi
President
The Institute of Chartered Accountants of Pakistan
Address:A.F. Ferguson & Co. Chartered Accountants
State Life Building No. 1-C, Off. I.I. Chundrigar Road,
Karachi – 74000, Pakistan
Phone:+92-21-2413849, 2426682
Email:s.m.shabbar.zaidi@pk.pwc.com
Born in Karachi on January 1, 1960. Graduated from Hailey College of Commerce, Lahore with Gold Medal in 1979. Qualified as Chartered Accountant with A.F. Ferguson & Co., Lahore in 1983. Currently, a Partner with A.F. Ferguson & Co. a member firm of Pricewaterhouse Coopers since 1995. Specializing in Taxation and Business Advisory Services.
He was the President of the Institute of Chartered Accountants of Pakistan for the year 2005-2006 and Vice President of the Institute for the year 2002-2003 and also served as a Member of the Southern Regional Committee of the Institute of Chartered Accountants of Pakistan for two four years terms.
Mr. Zaidi has been the Member of the Federal Government Task Force for Tax Administration, Member Advisory Committee for the Revenue Division of Federal Government and Member Federal Government Committee for Improvement in Regulatory Framework, Member Alternate Dispute Resolution Committee, Sales Tax and Income Tax. Member Task Force on Tax Reform and Advisor on Economic and Financial matters to the Overseas Investors Chamber of Commerce & Industry.Mr. Zaidi has been the Chairman of Professional Standards & Technical Advisory Committee and Economic & Taxation of the Institute.
Mr. Zaidi is deeply involved in major business restructuring transactions in the country including mergers, acquisition, privatization, etc. At present Mr. Zaidi specializes in corporate finance activities of PricewaterhouseCoopers Pakistan providing international expertise. Mr. Zaidi is also acting as Financial Advisor for Iran-Pakistan-India Pipeline Project.
Mr. Zaidi is a regular writer in business journals and newspapers including visiting lectures at Lahore University of Management Sciences and Institute of Business Administration, Karachi.

Mr. Sheikh A Hafiz FCA
Vice-President
Institute of Chartered Accountants of Bangladesh (ICAB)
Address: 9 Mohakhali C/A (11th & 12th Floor),
Dhaka 1212, Bangladesh
Phone:+880 2 9886450 -2 (Off.)
Email:sheikhhafiz@kpmg.com
Mr. Sheikh A Hafiz FCA, Member Council and Past President of the Institute of Chartered Accountants of Bangladesh (ICAB) was elected Vice President of the South Asian Federation of Accountants (SAFA) in the 66th SAFA Assembly Meeting for the year 2008.

Mr. Sheikh A Hafiz FCA, Partner of Rahman Rahman Huq, one of the oldest and prestigious Chartered Accountancy firms in Bangladesh and a Representative firm of KPMG was elected President of the Institute of Chartered Accountants of Bangladesh(ICAB) for the year 2005. Mr. Hafiz is also a fellow member of the Institute of Chartered Accountants in England and Wales. Mr. Hafiz is a practicing Chartered Accountant since 1975. Since 2002, Mr. Hafiz has been serving as Director of Sonali Bank, the largest nationalized bank in Bangladesh. Mr. Hafiz was also a member of the National Gas Utilization Committee and a Past President of the Dhanmondi Rotary Club.

Mr. Sheikh A Hafiz FCA has been rendering Continuous professional services to the Institute of Chartered Accountants of Bangladesh (ICAB) in various capacities and as a member of different standing and non-standing committees, including the Investigation and Disciplinary Committee(IDC), Articled Students Committee(ASC), Real Estate Committee(REC), Professional Development Committee (PDC), Taxation and Corporate Laws Committee(TCLC), International and Public Relations Committee (IPRC) and Project Development & Implementation Committee(PDIC) of the Council-ICAB. Mr. Hafiz is a member of the Advisory Committee of the Securities and Exchange Commission (SEC).

Besides, his professional engagements, Mr. Hafiz is a dedicated social worker and is involved with many organizations in various capacities. He is the Chairman of the Governing Body of Dhanmondi Rotary Club Girls High School at Savar. He is a life member of the Bangladesh Studies and Research Institute.

Mr. Indrajith Fernando
Advisor SAFA
The Institute of Chartered Accountants of Sri Lanka
Address: Bartleet TransCapital Limited,
No. 65, Braybrooke Place, Colombo-02, Sri Lanka
Phone:+94 11 2422331, 4740590
Email:indrajithf@bartleet.com
Mr. Asela Indrajith Fernando, aged 45 years has been elected as the President of SAFA at 63rd Assembly meeting. Besides being a Fellow member of Institute of Chartered Accountants of Sri Lanka, he is also a fellow member of CIMA U.K. He was the immediate past president of Institute of Chartered Accountant of Sri Lanka.
Mr Fernando is also the Chairman of the Committee for Improvement in Transparency, Accountability and Governance of SAFA and is a member of Developing Nations Committee (DNC) of International Federation of Accountants (IFAC).
He has been an ex-officio member of various institutions namely, Securities & Exchange Commision of Srilanka, National Institute of Business Management and PG Institute of Management (University of Sri Jayewardenapura).
He has vast exposure in corporate sector of more than two decades. He has served in the corporate at various strategic positions and capacities. Currently he is the Director/Chief Executive Officer of Bartleet TransCapital Ltd.
He has made several presentations in various national and international conferences and seminars organized by IFAC, CAPA, ICA SL and many other national & international professional bodies.

Dr. Ashok Haldia
Secretary
The Institute of Chartered Accountants of India
Address: ICAI Bhawan,P.O. Box No. 7100,
Indraprastha Marg,New Delhi – 110002,India
Phone:+91-11-30110487
Email:ashokhaldia@icai.org;safa@icai.org
Dr. Ashok Haldia is a throughout first class Post Graduate and a fellow member of The Institute of Chartered Accountants of India, The Institute of Company Secretaries of India and a member of The Institute of Cost and Works Accountants of India. Has more than 20 years of experience of working at senior positions in Financial Institutions and with the Government of Rajasthan. His experience includes Project Financing, Industrial Finance Policy, Industrial Survey, Accounts and Taxation, Public Sector Policy, Evaluation and Management, Power Sector Financing and Policy, Public Sector and Power Sector Reforms and Restructuring, etc. He has completed his Doctorate on the topic of "Privatisation of Public Enterprises in India".
He has contributed number of articles in the leading newspapers, professional journals, national and international conferences. He was a member of various committees constituted by the Government of Rajasthan and Government of India and also Secretary to the High Level Committee constituted under the Chairmanship of Shri Naresh Chandra by the Department of Company Affairs, Ministry of Finance and Company Affairs to suggest a scientific and rational regulatory environment for companies/firms. He is also Member Secretary of the Group constituted by the Department of Company Affairs, Government of India on GATS related issues. He had been the faculty member in number of management and training institutions.
He is Technical Advisor on IFAC Board and on IFAC SMPs Task Force. He is also the Secretary of the Institute of Chartered Accountants of India. He is also the Secretary to the National Advisory Committee on Accounting Standards constituted by the Department of Company Affairs, Ministry of Law, Justice & Company Affairs, Government of India.

Mr. Muhammed Farhad Hussain
President
The Institute of Chartered Accountants of Bangladesh
Address: Chartered Accountant Bhaban,
100, Kazi Nazrul Islam Avenue,
Kawran Bazar Commercial Complex,Dhaka 1215,Bangladesh
Phone:+880-2-9111702
Email:mfarhadfca@dhaka.net
Mr. Muhammed Farhad Hussain FCA has been elected as the President of The Institute of Chartered Accountants of Bangladesh (ICAB) for the term 2007. He was the Vice President of ICAB in 2003. Mr. Hussain qualified as a Chartered Accountant from the ICAB in 1984. He served as a Trainee Accountant with Calthorpes, Chartered Accountants, England and Audit Manager with Lawrence and Company, Chartered Accountants, England. Presently a Partner of Hussain Farhad & Co,. Chartered Accountants, Mr. Hussain was Executive Director of Bengal Group Jute Division, Deputy Managing Director of Desh Beverage Company Ltd. and Manager (Accounts & Personnel) of Industrial Promotion and Development Company of Bangladesh Ltd. (IPDC). He has been serving as member of different committees of ICAB since long including the Examination Committee and Technical & Research Committee in different years in the past.

Prof. Mamtaz Uddin Ahmed
President
The Institute of Cost and Management Accountants of Bangladesh
Address: P.O. Box 2629,ICMA Bhaban, Nilkhet,
Dhaka 1205
Phone:
Email:icmab@citechco.net
Professor Mamtaz Uddin Ahmed, MBA, FCMA is the President of the Institute of Cost and Management Accountants of Bangladesh (ICMAB) for the year 2007. Mr. Ahmed also served the Institute as the Vice-President for the years 2005 and 2006. Earlier, he was a Council Member of the 10th and the 11th National Councils of ICMAB. He was also the Secretary of the DBC of ICMAB for the year 1991.
Professor Ahmed, a senior Fellow Member of the Institute, has been serving as a faculty in the Department of Accounting and Information Systems, University of Dhaka since June, 1986. He served as a Lecturer in the Department of Accounting, University of Chittagong during the period of April, 1984 to April, 1986. He also served as a Consultant in different World Bank and GOB (Government of Bangladesh) funded projects and acted as resource person in different training programs.
Professor Ahmed, a brilliant student, obtained all through 1st class in all public examinations and obtained 5th, 1st and 2nd positions in H.S.C, B.Com (Hons.) and M.Com respectively. He has published more than 24 articles in various recognized journals. He is a life member of Bangladesh Economic Association and United Nations Association of Bangladesh. Currently he has been working as a nominated member of ICMAB at Advisory Committee of Road Fund Maintenance Board.

Mr. Sunil H. Talati
President
The Institute of Chartered Accountants of India
Address: ICAI Bhawan, P.O. Box No. 7100,
Indraprastha Marg,New Delhi – 110002,India
Phone:+91-11-30110403
Email:suniltca@hotmail.com; president@icai.org
Mr. Sunil H. Talati, FCA, aged 55 years has been elected as the President of the Institute of Chartered Accountants of India (ICAI), the Apex Body of the profession of Chartered Accountants in India, for the year 2007-08 w.e.f 5th February 2007. Besides being a Fellow member of the ICAI, he is a postgraduate in commerce and also a law graduate.
A member of the ICAI with more than 30 years of standing, Mr. Talati was elected to the Council of ICAI for the first time in 2001 and thereafter in 2004 and 2007. He was Vice-President of the Institute for the year 2006-07. He has in the past held the position of Chairman of Expert Advisory Committee, Financial Reporting Review Board, Corporate & Allied Laws, Corporate Governance Committee; and Vice-Chairman of Professional Development Committee, Committee for Members in Industry, Board of Studies, Committee for Information Technology and Professional Development Committee. Besides the above, he has also served on the Examination Committee, Disciplinary Committee, Expert Advisory Committee, Committee for Vision & Restructuring, Fiscal Laws Committee, Research Committee, Committee on Ethical Standards, Professional Development Committee, Editorial Board, Financial Market and Investor's Protection, Expert Advisory Committee, Committee on Information Technology. Audit Committee, Accounting Standards Board and Board of Studies as a Member.
Mr Talati is also the Chairman of Committee on Education, Training and CPD of South Asian Federation of Accountants (SAFA). He has been the Vice-Chairman of the Western India Regional Council (WIRC) of ICAI and also Secretary of the Ahmedabad Branch of WIRC of ICAI.
During his association with the ICAI, he was actively involved in preparing Pre and Post Budget suggestions/proposals. He has contributed actively in bringing out different publications brought out by various Committees.
Besides achieving excellence in education and profession, he had been excelling in extra curricular activities also. He had been the first Rotaract Governor in India from District 305 and first Chairman of National Council of Rotaract Governors. In addition to the various posts in Jaycees and in other social leading clubs, he was a sportsman right from School and College days; champion in Swimming, Tennis and Badminton. He is a regular columnist in Gujarati 'Financial Express' every Tuesday and monthly Journal Tax Reporter.

Mr. Dhananjay V. Joshi
President
The Institute of Cost and Works Accountants of India
Address: 12, Sudder Street,
Kolkata – 700016,India
Phone:+91- 033-22522128
Mobile:09422001082
Email:dvjasso@eth.net
Shri Joshi Dhananjay.V , has been elected President of the Institute for 2006-2007. He completed his graduation from renowned Brihan Maharashtra College of Commerce, Pune and is also Master of Commerce (M.Com) and a Legislative Law Bachelor (LLB) of Pune University. Shri Joshi is a Fellow Member of The Institute of Cost & Works Accountants of India, as well as the Institute of Company Secretaries of India. He is a leading practicing Cost Accountant from Pune in full time practice for more than 25 years.
He served the Western India Regional Council for two terms of 3 years and was the Chairman of the Western India Regional Council for 2002-2003. He was elected to the council for 2001-2004 and 2004-2007 terms. While in the Council Shri Joshi served its various Committees as Chairman-Research & Journal Committee, Member-Continuing Educational Programme Committee, Member-Membership Services and Members' facilities Committee, etc. He was also ICWAI nominee on the Accounting Standard Board of The Institute of Chartered Accountants of India for 2001-2002.
He initiated the formation of "Technical Advisory Board" of the ICWAI and was the first chairman of this Board which renders technical advice, gives opinions and clarifications on queries raised by the professionals and industries.Shri. Joshi has actively participated and completed various Research Projects carried out by the Institute having social economic significance such as Cost of Medical Education, Power Tariff Fixation, Projects for Khadi & Village Industries Commission, Reserve Bank of India and so on.
Shri Joshi is a renowned management educationist. As a visiting faculty in Management Institutes, he taught post graduation courses for a long period. He has been a faculty for number of National & International Seminars & Conferences. He has widely traveled in India & abroad. He is the co-author of the book titled Activity Based Costing and was the chief resource person on "Guidance Notes to Cost Audit", published by ICWAI.
He has a wide range of social activities. He is Promoter-Director of Sahyadri Hospitals Ltd., a multi supper specialty hospital at Pune, Managing Trustee/Secretary of Yeshwant Educational Services - a trust devoted to education in rural Maharashtra and is also on the board of number of other charitable and educational trusts and companies.

Mr. Komal  Bahadur Chitracar
 Past President
The Institute of Chartered Accountants of Nepal
Address: Babar Mahal,POB 5289,Kathmandu, Nepal
Phone:4258569 (ICAN),4245925 (KBC),9851024571
Mobile:
Email:chitracar@wlink.com.np

Mr. Komal Chitracar is the founding president of the Institute of Chartered Accountants of Nepal (ICAN). He was actively associated with development and institutionalization of accounting profession in Nepal . He served in the first council of ICAN (1998-2001) and as its first president (1997-1999). He has been continuously engaged in the various committees of ICAN. He chaired International Affairs Committee and is currently chairing the Ethics Committee since 2006. Mr.Chitracar has been associated with SAFA since its inception. He represented Nepal in SAFA on behalf of the Association of Chartered Accountants of Nepal, the predecessor organization of ICAN. He worked in the SAFA committee to help Nepal in institutionalizing the profession. He has been regularly participating in the various activities of SAFA. Mr. Chitracar is the fellow member of both ICAN and ICAI. He has been in public practice since 1970. He is the senior partner of KB Chitracar & Co., Chartered Accountants which is one of the oldest and prestigious chartered accountancy firms in Nepal .

Beside professional engagements, Mr. Chitracar is a dedicated social worker and is active in several social organizations. He served as the President of the Rotary Club of Kathmandu Mid-Town in 2005-2006. He is the founding Secretary General of Transparency International Nepal.


Mr. Sher Afgan Malik
President
The Institute of Cost and Management Accountants of Pakistan
Address: ST-18/C, Block-6,
Gulshan-e-Iqbal,Karachi – 75300,Pakistan
Phone:
Email:president@icmap.com.pk
Mr. Sher Afgan Malik is the President of Institute of Cost and Management Accountants of Pakistan for the term 2006-2008. Mr. Malik has previously served the Institute as President and member National Council during 2003-2005. He is Cost & Management Accountant by profession. Currently he is serving as Managing Director International Spectrum Development Inc. and Director Adept (Pvt) Limited. Previously,he was Managing Director of Pakistan International Airlines Corporation (PIAC), Member Karachi Stock Exchange (Guarantee) Ltd. and Member Board of Governors of Pakistan Institute of Corporate Governance. Prior to that Mr. Malik has worked as Chief Executive in various other important companies in Saudi Arabia, U.S.A; and U.A.E.

Mr. Mujahid Eshai
President 
The Institute of  Chartered Accountants  of Pakistan
Address: 6-A, Block H,Gulgerg Hights Ancillary Bulding,
 BUlberg II Lohare.
Phone: +92425758913,+92425750638
Email: charesh@brain.net.pk 

. Mujahid Eshai was born in Rawalpindi, Pakistan, on October 22, 1948. After completion of Bachelor of Arts from the University of the Punjab in 1968, he departed for England to undertake studies in Chartered Accountancy.. Mr. Eshai served four year articles with M/s. Fuller Jenks Beecroft, Chartered Accountants, and thereafter moved to Binder Hamlyn, Chartered Accountants, both firms being amongst the top ten in U.K. at the time. He was admitted as an associate member of the Institute of Chartered Accountants in England & Wales in 1974 and became a fellow member in 1979. On return to Pakistan , Mr. Eshai was enrolled as an Associate member of the Institute of Chartered Accountants of Pakistan in 1975 and as a fellow member in 1985.

After serving in Industry for nearly ten years, within and outside the country, Mr. Eshai established a Financial Management and Software development and designing consultancy company in 1984. He also setup an accountancy practice in 1985. Mr. Eshai was twice elected to the Council of the Institute of Chartered Accountants of Pakistan in 1997 and 2001. During his tenure as member of the Council, he twice served as the Vice-President in 1998/99 and 2001/002 and as the President of the Institute for the year 2003-004. He has served on various Committees of the Institute as chairman and member including the Corporate Governance Group and the NGO/NPO Task Force for development of Guidelines. He is author and presenter of series of 45 lectures each on “Introduction to Financial ,Accounting”, “International Accounting Standards” and “Management Information Systems” being telecast by the Virtual University of Pakistan as part of its four year undergraduate and two year Masters program. He is currently a visiting faculty of the Forman Christian College, Lahore , Bsc (Honours) and M.B.A. programs. Mr. Eshai has also contributed over fifty articles published in various national and regional accounting magazines. He writes a bi-monthly column on current affairs in a National Daily Newspaper published from Lahore . He is also a regular speaker at national, regional and international forums of accountants 

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Board Meetings
S.No. Meeting Date(s) Venue
1. 1st 3rd-4th April 2007 New Delhi,India
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