Chartered Accountants in Pakistan gain international recognition as ICAP joins Chartered Accountants Worldwide
The
Institute of Chartered Accountants of Pakistan (ICAP) has been awarded
Associate membership by Chartered Accountants Worldwide. ICAP is the
second professional body to be admitted to the
organisation since it was
launched in February 2013.
As an Associate member, ICAP joins a
group of globally-recognised Chartered Accountancy bodies that are
committed to enhancing the value of the brand and the profession. Its
membership recognises the importance of the qualification in Pakistan
and demonstrates ICAP’s commitment to the highest professional and
ethical standards.
Chartered Accountants have been a mark of
excellence in the accountancy and business sectors for over 150 years.
They are working in over 180 different countries across the world. By
joining the globally-recognised Chartered Accountants Worldwide, ICAP
will boost its international presence and have an opportunity to
contribute to the further development of the profession. It will also
open up access to events and networking opportunities for its members.
ICAP
was established in 1961, and is the premier regulatory body for the
development and regulation of the profession in Pakistan, with around
7,000 members. Chartered Accountants Worldwide was created by the
leading institutes from around the world to support, develop and promote
the role that Chartered Accountants play throughout the global economy.
ICAP’s admission is a recognition of its excellence and commitment to
providing services of the highest standards across the world.
Pat
Costello, Chairman of Chartered Accountants Worldwide said: “I am
delighted to welcome ICAP to the Chartered Accountants Worldwide family.
We look forward to working with ICAP on shaping the future of the
global profession and the fresh perspectives they will bring to the
table. By welcoming our second Associate member we are expanding our
outreach, enabling us to support even more members around the world and
promote the Chartered Accountant brand.”
President of ICAP, Mr
Hafiz Mohammad Yousaf, said: “ICAP is delighted to join the community of
over 340,000 Chartered Accountants. ICAP’s vision is to be a
globally-recognised professional accountancy body, bringing value to its
members, the profession and the wider community. Global coordination
and joint initiatives are what will take the profession ahead; Chartered
Accountants Worldwide is the perfect platform to achieve this goal and
we look forward to promoting the brand in our part of the world.”
Dr
Terence Nombembe, CEO of the South Africa Institute of Chartered
Accountants (SAICA), said: “We are pleased to welcome ICAP to the CAW
fold. ICAP’s participation in Chartered Accountants Worldwide is
important, as it will help us to shape the Chartered Accountancy
profession further globally. By collaborating with reputable
international chartered accountancy institutions such as ICAP, the CAW
can grow the chartered accountancy profession to achieve a more
significant footprint around the world.”
ICAP is the second
institute to join Chartered Accountants Worldwide as an Associate
member, making a key contribution to the global expansion of the
organisation. The rest of the Chartered Accountants Worldwide family are
founder members; Chartered Accountants Australia and New Zealand
(CAANZ), Chartered Accountants Ireland (CAI),Institute of Chartered
Accountants in England and Wales (ICAEW), Institute of Chartered
Accountants of Scotland( ICAS), the South African Institute of
Chartered Accountants (SAICA), and the Institute of Singapore Chartered
Accountants (ISCA).