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.”

Chief Executive Officer of the Institute of Singapore Chartered Accountants (ISCA) Lee Fook Chiew said: “We are excited that ICAP has joined Chartered Accountants Worldwide as an Associate member. As its first Associate member, ISCA is committed to growing together with Chartered Accountants Worldwide and promoting the Chartered Accountant designation as the preeminent qualification for those in accountancy, finance and business. We are delighted that there has been much collaboration with fellow members since we joined the Chartered Accountants Worldwide global network in 2015. With ICAP now part of Chartered Accountants Worldwide, we look forward to exploring new opportunities to enhance support for Chartered Accountants in the region.”

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, Chartered Accountants Ireland, ICAEW, ICAS and the South African Institute of Chartered Accountants, and the Institute of Singapore Chartered Accountants (ISCA) who joined as an Associate in June 2015.

– ENDS –

Media enquiries:

Chartered Accountants Worldwide

Contact Magdalena Andrzejewska on +44 (0)20 7920 8718 or email Magdalena.Andrzejewska@icaew.com

Institute of Singapore Chartered Accountants

Contact Eileen Khoo on +65 6597 5609 or email eileen.khoo@isca.org.sg

ICAP

Contact Feroz Rizvi on + 92 99251628 or email feroz.rizvi@icap.org.pk

Notes to editors:

 1. Chartered Accountants Worldwide

Chartered Accountants Worldwide has been created by the leading institutes of Chartered Accountants from around the world to support, develop and promote the vital role that Chartered Accountants play throughout the global economy. More information on the organisation can be found at charteredaccountantsworldwide.com 

Chartered Accountants Worldwide Associate membership is open to Chartered Accountancy bodies who:

• refer to their members as Chartered Accountants and legitimately use the Chartered Accountant brand;
• are a member of IFAC or an IFAC Recognised Regional Organisation (e.g., CAPA or PAFA);
• require their members to commit to continuing professional development;
• are committed to working together to promote the Chartered Accountancy brand; and
• can demonstrate how they are improving the quality of the Chartered Accountancy qualification.

2. Institute of Singapore Chartered Accountants

The Institute of Singapore Chartered Accountants (ISCA) is the national accountancy body of Singapore. ISCA’s vision is to be a globally recognised professional accountancy body, bringing value to our members, the profession and wider community. There are over 30,000 ISCA members making their stride in businesses across industries in Singapore and around the world.

Established in 1963, ISCA is an advocate of the interests of the profession. Possessing a Global Mindset, with Asian Insights, ISCA leverages its regional expertise, knowledge, and networks with diverse stakeholders to contribute towards Singapore’s transformation into a global accountancy hub.

ISCA is the Administrator of the Singapore QP and the Designated Entity to confer the Chartered Accountant of Singapore - CA (Singapore) - designation.

ISCA is an Associate of Chartered Accountants Worldwide – supporting, developing and promoting over 325,000 Chartered Accountants in more than 180 countries around the world.

For more information, visit www.isca.org.sg.

 3. ICAP

The Institute of Chartered Accountants of Pakistan (ICAP), which is the statutory and regulatory body for the accounting profession in Pakistan, formed under the Chartered Accountants Ordinance, 1961. Since inception, the Institute has made concentrated efforts to achieve excellence in its activities, add value to businesses and economy, safeguard public interest; ensure ethical practices and good corporate governance while recognising the needs of globalisation. More information on the organisation can be found at icap.org.pk.