KARACHI: The Chartered Institute of Management Accountants (CIMA) and Institute of Chartered Accountants of Pakistan (ICAP) signed a memorandum of understanding at the ICAP House Karachi.
The MOU was signed by Charles Tilley, CEO of CIMA and Yacoob Sattar, President of ICAP during CIMA CEO’s recent visit to Pakistan. Charles Tilley at the signing ceremony said, “Two leading professional bodies are coming together to combine their expertise and further highlight the great value that finance professionals can bring in terms of developing sustainable success for organizations in both public and private sectors. The communities of CIMA and ICAP will also greatly benefit from this new accord by enjoying mutual fast-track routes to membership’
Yacoob Suttar at the occasion emphasized that both the Institutions will work together to strengthen international accounting ties, enhance cooperation, exchange information and experience and provide assistance to each other in the accountancy profession. This would help Chartered Accountants explore new learning and experience opportunities at the international level and would contribute immensely to their academic and professional development, particularly in management accounting competence. With enhanced exemptions CIMA members would get broader career opportunities.
The MoU will further strengthen ICAP’s Network of partners and provides the Institute with the opportunity to pool strengths and resources and draw upon the wealth of expertise available in exploring and discovering innovative ways to attract more talent towards the profession in Pakistan.