LAHORE: The Institute of Chartered Accountants of Pakistan (ICAP) arranged an exclusive meeting with the leading professionals from the corporate sector at a local hotel. President ICAP, Nadeem Yousaf Adil was the Chief guest on the occasion. The event was largely attended by leading business men, top executives, representatives of public sector and senior CAs.

Khalilullah Shaikh, VP South ICAP, briefed the audience about the recent initiatives of the Institute in general and those related to industry, in particular. He explained that accountancy, deemed as one of the oldest profession, has witnessed most changes in the business environment, some triggered by the technology, complexities and changing economies while some triggered as consequences of accounting failures.

ICAP, being the flag bearer of accounting profession in Pakistan, has been promptly responding to the changed environment. Focusing on some major initiatives, such as, improved focus on professional accountants in business and industry, mid-tier certification and industrial training.

Introducing a historic decision of the Institute, Khalilullah Shaikh said at the event "The Institute has decided to recognize its capable students who have completed the required practical training and passed a significant part of advanced stage of CA qualification by awarding them the 'Professional Accounting Affiliate' status."

President ICAP, Nadeem Yousaf Adil, distributed the certificates to ICAP industrial training partners. The president, in his closing address, stated that this initiative would enable other business graduates already working in industry to join the profession while continuing their jobs. -PR