ACCA (the Association of Chartered Certified Accountants) and Institute of Cost Management Accountants of Pakistan (ICMA Pakistan) have entered a strategic partnership agreement focusing on greater collaboration between both the accounting bodies and creating new opportunities for their members, partners and the country. The announcement was made at a high-profile event here in Islamabad yesterday.
The agreement will allow both the organisations to collaborate on delivering inclusive, integrated thinking by glocalising the governance processes, create new membership pathways, and benefit from their collective global and local knowledge, experience and reach.
‘Today’s world offers a very unique opportunity to “work together”, “evolve together” and “create together”. But it requires a mindset shift towards purpose driven collaboration to solve regional and global problems.’ – Zia ul Mustafa, President, ICMA Pakistan.
He further emphasised that members of both ACCA and ICMA Pakistan have a lot to gain from this partnership. He explained how ICMA Pakistan is playing its role in Pakistan’s economic development and also the statutory privileges and rights earned by the Institute’s members over a period of 60 years of its existence. Mr. Zia expressed that broader collaboration between both professional accounting organisations will further add to their national and international contribution towards common global objective of increasing capacity for innovation and productivity.
“This strategic partnership with ICMA Pakistan is consistent with our mission to be a global leader in the profession by providing opportunity and open access to people of ability wherever they are in the world to support and promote the highest ethical, governance and professional standards, advancing the public interest”, added Helen Brand OBE, Chief Executive, ACCA.
“I am confident that this thought leadership shall help Pakistan to build trust, understand the importance of governance and transparency, enhance quality of financial information for decision making, expand tax base, build larger portfolio for export of services, and earn reputation for the professionals in Pakistan.”
Present at the signing ceremony were Guests of Honour, Andleeb Abbas, Parliamentary Secretary for Foreign Affairs, Zamir Ahmed, Additional Auditor General of Pakistan, and Faiz ullah Kamoka, Chairman, Standing Committee for Finance, Revenue and Economic Affairs.
Other important attendees included, Ayla Majid FCCA, Council Member, ACCA, Shehzad Ahmed Malik, Council Member, ICMA Pakistan, Ather Saleem, Council Member, ICMA Pakistan, Ghulam Qazi, Council Member, ICMA Pakistan, Aamir Ijaz Khan, Executive Director, ICMA Pakistan, Sajjeed Aslam, Head of ACCA Pakistan, Assad Hameed Khan, Market Head – Business Development, ACCA, Muhammad Shehzad Khan, Chairman – UK Branch Council, ICMA Pakistan, and Javaria Malik, Director Marketing and Communications, ICMA Pakistan.
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ACCA (the Association of Chartered Certified Accountants) is the global body for professional accountants, offering business-relevant, first-choice qualifications to people of application, ability and ambition around the world who seek a rewarding career in accountancy, finance and management.
ACCA supports its 219,000 members and 527,000 students (including affiliates) in 179 countries, helping them to develop successful careers in accounting and business, with the skills required by employers. ACCA works through a network of 110 offices and centres and 7,571 Approved Employers worldwide, and 328 approved learning providers who provide high standards of learning and development.
Through its public interest remit, ACCA promotes appropriate regulation of accounting and conducts relevant research to ensure accountancy continues to grow in reputation and influence.
ACCA has introduced major innovations to its flagship qualification to ensure its members and future members continue to be the most valued, up to date and sought-after accountancy professionals globally.
Founded in 1904, ACCA has consistently held unique core values: opportunity, diversity, innovation, integrity and accountability. More information is here: www.accaglobal.com
About ICMA Pakistan
The Institute of Cost and Management Accountants of Pakistan (ICMA Pakistan) was established in 1951 with the objective to regulate and promote the profession of Management Accounting in Pakistan.
The Institute is chartered under Cost and Management Accountants Act No. XIV of 1966 of the Parliament of Pakistan and its activities are governed under Cost and Management Accountants Regulations 1990.
Presently, Institute has more than 5,000 members. These members are serving on senior management positions such as CEOs, CFOs, COOs, CIAs, Company Secretaries, Financial Analysts, Public Practitioners, Management Consultants, etc, hence making significant contributions towards business growth and economic development.
The Institute, currently, has over 15,000 students, more than 200 faculty members, over 260 employees, 07 regional and 06 overseas Branch Councils, 11 education campuses and 20 examination centres. The Institute is providing Education, conducting Examinations, organizing Corporate Trainings, holding CPD Programs, undertaking Research work and engaged in Publications.
In addition to this, the Institute is also actively involved in providing technical support to the Ministry of Finance, Ministry of Commerce, Planning Commission, Securities and Exchange Commission of Pakistan, State Bank of Pakistan, Federal Board of Revenue, Accountant General of Pakistan Revenues, Auditor General of Pakistan, Competition Commission of Pakistan, other ministries, regulators and policy making organizations.