KARACHI: The Institute of Chartered Accountants of Pakistan (ICAP) and the Chartered Institute of Public Finance and Accountancy (CIPFA) on Monday signed a Memorandum of Understanding (MoU) at the inaugural session of the Public Financial Management Conference organized by ICAP in Islamabad.
Muhammad Zubair, Minister of State for Privatization, Yacoob Suttar, President ICAP, Ian Ball, Chairman CIPFA International and Rob Whiteman, CEO CIPFA were also present at the ceremony.
MoU will help in the delivery of strong public financial management in Pakistan and pave a way for creating a new centre of excellence for public financial management within the country. It sets out the basis for future cooperation and collaboration between ICAP and CIPFA.
The two institutes will now work together to advance high quality public financial management within Pakistan through capacity building amongst members of ICAP, the development of a centre of excellence and other professional development opportunities for members of ICAP.
As leading professional accountancy bodies, both ICAP and CIPFA are committed for serving in public interest and build confidence, capacity and enhance governance processes in public sector institutions. MoU reflects the overlapping interests of both bodies and their desire to share their skills, expertise and experience to further the cause of good public financial management.
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