Archive for year: 2014
Accounting & Financial Reporting Standards for Small & Medium Enterprises
/in Laws & regulations by UCOState Bank’s Prudential regulations for small and medium enterprise financing
/in Laws & regulations by UCOVisit at ICAP
/in Featured, News by UCOMrs. Hina Usmani, Mrs. Nigar Zaidi and Mrs. Noureen Khilji, all Partners of Usmani & Co. Chartered Accountants visited ICAP’s Head Office and met Mr. Khalid Rehman COO, Mr. Shoaib Ahmed , Executive Director Legal & Corporate Affairs, Mr. Shahid Hussain, Director Quality Assurance and Mr. Omair Jamal, Director Education and Training. The purpose of the meeting was two fold;
First, to present corporate profile of the Firm with its unique characteristic of being the only Firm owned and led by women Chartered Accountants and to inform the management of ICAP of appraisement given by US-Pakistan Women’s Council to the Firms Managing Partner, Mrs. Hina Usmani by selecting her as one of the most inspiring women of 2013. The partners shared with ICAP their vision and strategy for women empowerment and requested ICAP’s support for playing its role for promotion of the Firm’s vision and goals. Mr. Khalid Rehman COO of ICAP congratulated Mrs. Hina Usmani on her achievement and highly encouraged the Firm’s vision and advised the management of ICAP to support “the only women led Firm” at all levels.
Secondly, another initiative taken by the Firm to enter into a networking arrangement with another Firm of Chartered Accountant also owned by a female Accountant only, based in Quetta. Mrs. Hina Usmani and Mrs. Noureen Khilji partners of Usmani & Co. and Noureen & Co. respectively, signed the agreement in the presence of Mr. Khalid Rehman COO and management of the ICAP. Hence, UCo. has achieved another milestone by establishing the FIRST NETWORK of Chartered Accountant Firms , with uniqueness of networking between women owned firms. The network would be called “The UCoN Network of Women Accountants”.
Mr. Khalid Rehman, was appreciated the presence of a female Chartered Accountant Firm in Quetta Noureen & Co. Chartered Accountant and also opening of a branch office of Usmani & Co. Chartered Accountants in Quetta.
Mr. Rehman encouraged the partners for career counseling from ICAP’s platform in Karachi and Quetta.
Inspiring women, US Pakistan Women’s Council
/in Featured, News by UCOThis week’s inspiring woman is Mrs. Hina Usmani, founder of Usmani & Co. Chartered Accountants; the only women led accounting practice in Pakistan. She started in 2004 as a sole proprietor, and then was joined by firm partner Nigar Fatima, becoming the only female led accounting firm. Usmani & Co. provide audit, accounting, tax, and corporate advisory services. As qualified chartered accountants, from the Institute of Chartered Accountants of Pakistan (ICAP), Usmani & Co. are recognized by ICAP as the only women led accounting firm that serves as a training organization.
Hina’s primary focus is to provide financial services to women entrepreneurs. Usmani & Co. helps build clients’ businesses through strategic planning, focusing on core values, and offering integrated financial and business solutions. Their clients range from companies and non-profit organizations to individuals. By staying connected to her clients, Hina is able to provide excellent taxation, cost audit, and risk management services. Throughout the years, Usmani & Co. have earned a reputation for being a quality service provider and staying true to the ICAP code of ethics and quality control principles.
Along with being a qualified chartered accountant, Hina is a qualified corporate secretary from the Institute of Corporate Secretaries of Pakistan (ICSP). As a fellow member of the institute, she possesses more than 20 years of experience in corporate advisory, leasing, financial management, risk management and corporate secretarial practices.
Hina also,
- is a committee member of the Chartered Accountants Women Forum (CAWF) and serves as a board member of local NGOs;
- is a certified director of the Corporate Governance Leadership Program conducted by Pakistan Institute of Corporate Governance;
- was previously, a member of the Technical Committee and Auditing Standards Committee of the Institute of Chartered Accountants of Pakistan;
- regularly attends international and local courses on leasing, corporate governance, taxation, corporate advisory, planning and budgeting.
LEGAL STATUS AND LOCATION
Usmani & Co., a Partnership Firm, is registered with Audit Oversight Board Pakistan pursuant to Regulation 4 of the Audit Oversight Board (Operations) Regulations 2018 and is entitled to carry out audits of public interest entities in Pakistan. Usmani & Co. commonly known as UCO has its main office in Karachi whereas its resources are based in 25 different locations in and outside Pakistan. UCO’s vision is to establish digital connectivity of work from home professionals with SME sector for non-financial advisory services, create avenues and support women empowerment.