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  1. Press Release
February 10, 2016

Chartered Accountants in Pakistan gain international recognition as ICAP join Chartered Accountants Worldwide

Press release by Chartered Accountants Worldwide

The Institute of Chartered Accountants of Pakistan (ICAP) has been awarded Associate membership by Chartered Accountants Worldwide. ICAP is the second professional body to be admitted to the organisation since it was launched in February 2013.

As an Associate member, ICAP joins a group of globally-recognised Chartered Accountancy bodies that are committed to enhancing the value of the brand and the profession. Its membership recognises the importance of the qualification in Pakistan and demonstrates ICAP’s commitment to the highest professional and ethical standards.

Chartered Accountants have been a mark of excellence in the accountancy and business sectors for over 150 years. They are working in over 180 different countries across the world. By joining the globally-recognised Chartered Accountants Worldwide, ICAP will boost its international presence and have an opportunity to contribute to the further development of the profession. It will also open up access to events and networking opportunities for its members.

ICAP was established in 1961, and is the premier regulatory body for the development and regulation of the profession in Pakistan, with around 7,000 members. Chartered Accountants Worldwide was created by the leading institutes from around the world to support, develop and promote the role that Chartered Accountants play throughout the global economy. ICAP’s admission is a recognition of its excellence and commitment to providing services of the highest standards across the world.

Pat Costello, Chairman of Chartered Accountants Worldwide said: "I am delighted to welcome ICAP to the Chartered Accountants Worldwide family. We look forward to working with ICAP on shaping the future of the global profession and the fresh perspectives they will bring to the table. By welcoming our second Associate member we are expanding our outreach, enabling us to support even more members around the world."

President of ICAP, Mr Hafiz Mohammad Yousaf, said: "ICAP is delighted to join the community of over 340,000 Chartered Accountants. ICAP’s vision is to be a globally-recognised professional accountancy body, bringing value to its members, the profession and the wider community. Global coordination and joint initiatives are what will take the profession ahead; Chartered Accountants Worldwide is the perfect platform to achieve this goal and we look forward to promoting the brand in our part of the world."

Anton Colella, ICAS Chief Executive, said "We welcome ICAP to the global family of Chartered Accountants. This is another powerful statement of the global brand of Chartered Accountants and how we intend to carefully grow our global family now and in the future."

ICAP is the second institute to join Chartered Accountants Worldwide as an Associate member, making a key contribution to the global expansion of the organisation. The rest of the Chartered Accountants Worldwide family are founder members; Chartered Accountants Australia and New Zealand, Chartered Accountants Ireland, ICAEW, ICAS and the South African Institute of Chartered Accountants, and the Institute of Singapore Chartered Accountants (ISCA) who joined as an Associate in June 2015.

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