ICAP and IoBM signed a memorandum of understanding

KARACHI: The Institute of Chartered Accountants of Pakistan (ICAP) and Institute of Business Management (IoBM) recently signed a memorandum of understanding (MoU). The MOU was signed by Yaqoob Suttar, President ICAP and Talib Karim, Rector IoBM at ICAP Head Office, Clifton, Karachi.

As a result of this collaboration, the graduates of BS (Hons) Accountancy, Management & Law (AML) from IoBM will have an opportunity to pursue highly recognized Chartered Accountancy qualification. Under the MOU, these graduates would be able to avail exemption from eight papers of the CA examinations

Speaking on the occasion, the Chief Operating Officer, ICAP Khalid Rahman, said: “This collaboration is a significant association between a high ranked business school, IoBM and the leading accounting body of the nation, ICAP and would lay the foundation of an innovative working relationship and give rise to new valuable opportunities for the youth in accounting profession. This initiative will help ICAP in attracting top students having strong academic knowledge of relevant subjects along with an excellent exposure to university education.

President ICAP Yaqoob Suttar while expressing his views stated that Chartered Accountancy combines professional education with mentored work experience to produce accountants who possess greater ability to analyze and interpret business problems and develop dynamic solutions. That is why Chartered Accountants have an edge over their counterparts and they rise further and faster into more diverse and important roles in organizations. Institute is striving for quality intake of students into the folds of the CA profession. The product of this alliance will be a highly skilled professional equipped to meet demands of the workplace and special needs of a changing society and business. Institute is optimistic that this stream will offer quality intake leading to a higher success rate in CA examinations.

Talib Karim, Rector IoBM, speaking on the occasion said: “Since its very inception, IoBM has continuously endeavored to enhance its core institutional strengths, and has invested in people, systems and infrastructure, so as to be able to impart sound knowledge and professional skills. We see ourselves as a multi-dimensional educational institution. This collaboration offers our graduates an outstanding entry point to a CA profession which provides them with the ability to choose an exciting career path towards the industry of their choice, anywhere in the world.”

Signing ceremony was also attended by Mohammad Maqbool, Vice President ICAP North; Najmul Hussain, Vice President ICAP South, Masood Akhter, Executive Director Education & Examination ICAP; Aslam Dossa, Head of Commercial and Professional Studies Department at IoBM ,ICAP Council members and senior staff of IoBM and ICAP.

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