Page 2 - ICAP NL-Sep-2014

NEWSLETTER The Institute of Chartered Accountants of Pakistan September 2014 53rd Annual General Meeting of to assist in capacity building of its members especially those who are engaged with the Smaller Practices. ICAP The 53rd Annual General Meeting of the Institute of The President mentioned the overseas members, who Chartered Accountants of Pakistan (ICAP) was held at form 23% of the Institute’s membership and informed ICAP, Karachi on September 11, 2014. The session was the members of the efforts to establish Institute’s chaired by Mr. Naeem Akhtar Sheikh FCA, President arrangements with international accountancy bodies to ICAP along with the Council of the Institute. recognize ICAP qualification in full. The President also congratulated the members on opening of the ICAP Mr. Naeem Sheikh highlighted the initiatives undertaken Gujranwala and Sukkur and an office expected to open during the year 2013-14. He informed that the Council in Mirpur (Azad Kashmir) shortly. formulated strategic priorities for the year to ensure sustainable progression in the accountancy profession. At the end President thanked his colleagues for their support, the two Vice Presidents and the executives for He said that the focus of the Council remained towards their untiring support all year round. He highlighted the implementation of education and examination that the growth of the Institute and the profession is reforms 2013, improving the governance within ICAP, only possible with the support of members, students, extending ICAP’s geographical coverage, enhancing and other key stakeholders. public trust in audit, working with the government in public interest and building international collaborations. He apprised the members of the efforts of the Institute in advocating good governance and effective public financial management with the Federal and Provincial governments. The Institute will soon be entering in a MoU with CIPFA (The Chartered Institute of Public Finance & Accountancy), also an MOU with the International Finance Corporation (IFC) has been signed 2