CIMA, ICAP sign agreement

KARACHI: The Chartered Institute of Management Accountants (CIMA) and the Institute of Chartered Accountants of Pakistan (ICAP) signed a memorandum of understanding at the ICAP House Karachi recently, a statement said on Wednesday.
Charles Tilley, CEO of CIMA and Yacoob Sattar, president of ICAP, signed the MoU during CIMA CEO’s recent visit to Pakistan, it said.
Tilley 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 organisations 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.”
Sattar emphasised 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 the 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, he said, adding, with enhanced exemptions CIMA members would get broader career opportunities. The MoU will also 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.