KARACHI: The Institute of Chartered Accountants of Pakistan (ICAP) and the University of Lahore (UoL) signed a memorandum of understanding (MOU) today. The MOU was signed by Yaqoob Suttar, President ICAP and Dr. Muhammad Saleem Shuja.
Rector UoL at University of Lahore new Campus in the presence of Chairman UOL, Awais Raoof, Patron BOG, MA Raoof, Vice President and Chairman ETCOM ICAP, Muhammad Maqbool and other officials.
As a result of this collaboration, the graduates of BS (Hons) and Bcom ( Hons) from UoL will have an opportunity to pursue highly recognized Chartered Accountancy qualification. Under the MOU, these graduates will be able to avail exemptions from eight papers of the CA examinations. Similarly ICAP students who have cleared the respective ICAP subjects will be able to avail exemptions in the mapped subjects of B.Com (Hons) and BS (Hons) Accounting & Finance at UoL.
President ICAP Yaqoob Suttar while expressing his views to the audience said that the collaboration would increase the outreach of the partnering institutions and will serve as an endeavor to offer dynamic routes of achievement to our brilliant youth’. He stated that work-integrated learning will provide a ‘vibrant experience to all graduates, who will be well equipped to make a positive contribution towards business, economic and financial sector of the country.’
Dr Muhammad Saleem Shuja, Rector UoL, while speaking on the occasion said that ICAP and UOL relationship will lead to an increase in the number of CAs and will bring us at par with countries with well-developed accounting structures. To help increase our economic development we need to produce more professional accountants who can implement good governance, financial efficiency, professional values and ethics in all corporate and public sector decision making.”