Lahore: Pakistan’s leading accountancy body, The Institute of Chartered Accountants of Pakistan ICAP, has entered into a Memorandum of Understanding MOU with the top business school, Lahore University of Management Sciences LUMS, here on Wednesday, 3rd April.
In accordance with this MOU, the graduates of BSc Honours Accounting and Finance programme at the Suleman Dawood School of Business SDSB will be facilitated in acquiring their CA professional qualification. Upon graduation they will qualify for a more streamlined route which will exempt them from four modules A D 12 subjects of CA curriculum.
The Memorandum of understanding MOU was signed by Dr. Adil Najam, Vice Chancellor LUMS, and Mr. Ahmad Saeed, President ICAP here at the LUMS Campus.
Speaking on this occasion, Vice Chancellor LUMS, Dr. Adil Najam said, “This is an important collaboration and a major step forward in education innovation. It will serve not only to fill an important need of our students, but of finance and accounting education in Pakistan “
President ICAP, Ahmed Saeed, while expressing his views to the audience added how the collaboration ‘is an endeavour to offer dynamic routes of achievement to our brilliant youth’. He said that work integrated learning will provide a ‘vibrant experience to all graduates, who will be well equipped to make a positive contribution toward business, economic and financial sector of the country.’
By virtue of this arrangement, LUMS will give a novel option to its students whereby their academic degree will lead to a strong professional qualification. Consequently, ICAP will recruit quality graduates with global university exposure within a local context, and a diversified academic background.
Signing ceremony was attended by council members of ICAP, and faculty members of LUMS.