President Message

The Institute of Forensic Accountants of Pakistan (IFAP) believes in creating and disseminating knowledge and skills in core and frontier areas through innovative educational programs, research, consulting and publishing and developing a new cadre of citizens with a high level of competence and deep sense of ethics and commitment to the code of professional conduct.

There is no Institution in Pakistan except The Institute of Forensic Accountants of Pakistan (IFAP) which offers professional courses on Forensic Accounting, Forensic Auditing, Forensic Accounting & Auditing Investigation, Fraud Examination, Anti-Money Laundering Laws, Corporate Governance, Corporate Reporting, Financial Reporting and its areas/subjects.

Barrister Sohail Nawaz President IFAP

IFAP Board of Directors

IFAP Board of Directors

The Institute of Forensic Accountants of Pakistan (IFAP) has appointed Mr. Aamir Ali Khan, an esteemed Fellow Member of IFAP (Country Director Operations NADRA/Former Director Immigration FIA), Mr. Zafar Zaman Ranjha, an esteemed Fellow Member of IFAP (Chief Executive Officer, Pakistan Railways Freight Transportation Company/Former DG Operations Pakistan Railways) and Mr. M Salman Hashmi, (a Professional Certified Forensic Accountant from UK) as member IFAP Board of Directors w.e.f 1st April, 2015.

Founder/Pioneer Member

Founder/Pioneer Member

The Institute of Forensic Accountants of Pakistan (IFAP) is the founder/pioneer member of The International Federation of Forensic Accountants & Auditors (IFFAA) and Forensic Auditors Certification Board- England & Wales UK (FACB).

IFAP Gallery

Testimonials

  • Amir Ali Khan

    (FFA) Country Director Operations, NADRA, Islamabad

    Growing cyber crimes, failure of regulators to track the security scams, series of co-operative banks bursting–all are pinpointing the need of forensic accounting. The law enforcement officers are the experts of analyzing the fingerprints and the Narcotics but the digital evidence analysis necessitates the need for Forensic Accountants/Forensic Auditors (FAs).

  • Malik Imran Hameed

    ((AFA) Senior Audit Officer, MCB Bank Limited, Multan

    are specializing in the examination of financial records for evidence of wrongdoing. Their function is very different from most accountants and auditors in that they do not keep records for companies or clients, but review financial records and reports prepared by other accountants or financial professionals when wrongdoing is suspected. They are employed by law enforcement agencies (the FIA and NAB are increasingly utilizing them), law firms, or accounting firms. Their primary roles are investigators, consultants or expert witnesses. Forensic Accountants/Forensic Auditors (FAs) are not as likely to be focused in specific business industries as their primary employment is in the legal arena.

  • Majid Latif Bhatti

    (FFA) Deputy Chief Accountant,Polish Oil & Gas Company Pakistan Branch, Islamabad

    work for commercial clients, legal professionals, insurers and regulatory authorities. They undertake fraud and other financial investigations from an accounting angle. The work of a Forensic Accountant/Forensic Auditor (FA) is to enable lawyers, insurance companies and other clients to resolve disputes and assist in fraud investigations. Equally important is the ability to communicate financial information clearly and concisely in the courtroom.

  • Syed Manzar Abbas Kazmi

    (AFA) AVP Internal Audit, Askari Bank Limited, Lahore

    Forensic Accounting or financial forensics is the specialty practice area of accountancy that describes engagements that result from actual or anticipated disputes or litigation. “Forensic” means “suitable for use in a court of law”, and it is to that standard and potential outcome that Forensic Accountants (FAs) generally have to work.Forensic Accountants (FAs), also referred to as forensic auditors or investigative auditors, often have to give expert evidence at the eventual trial.

  • Mr. Faheem Ul Haq Khan

    (FFA), Member Accounting FBR, FBR

    The Forensic Accountant/Forensic Auditor (FA) Program is designed by The Institute of Forensic Accountants of Pakistan (IFAP) to provide a progressive, challenging and stimulating framework of study that will equip you with knowledge and skills required in this field. With the corporate financial scandals of Panama 2016 and the economic crisis that looms today, Forensic Accountants/Forensic Auditors (FAs) are becoming more and more vital for ensuring that financial transactions are done legally and ethically. Thus, forensic accounting and fraud investigation is one of the fastest growing areas of accounting, and there is an increasing global demand for specialists with forensic accounting knowledge and skills.

  • Mr. Abid Ali

    (FFA) Finance Director Spatial Composite Solutions FZ LLC Dubai UAE

    When frauds occur, the forensic audit adopts a scientific and systematic approach relating to such frauds by examining objects or substances involved in the crime. Hence, it has to necessarily do with legal systems, engaging the expert to deal with the subject matter, the law and the perpetrator of fraud. A series of steps are taken to deal with the issue, and evidences are established to prove the occurrence of fraud, the gravity and intensity of the act, with indications of who could have been involved in the act. Since we are talking of accounting and audit, Forensic Accountants/Forensic Auditors (FAs) are best suited for this profession as they basically are trained to understand normal accounting principles and processes.

  • Dr. Mohsin Raza

    (FFA), Associate Professor Barani Institute of Information Technology (BIIT), Rawalpindi

    Today white-collar crime is a pervasive phenomenon of fraud in the corporate world. To unearth and curb the incidence of white-collar frauds in business, ideas are being drawn from various forensic sciences to supplement the thought process of accountants and auditors. Forensic Accounting/Forensic Auditing is a rapidly developing area of specialization primarily concerned with fraud deterrence, fraud detection and fraud investigation. The present study is focused on the nature and extent of white-collar crime and seeks to explore the need for corporate fraud prevention. In order to cleanse the corporate sector from white-collar criminal behavior and to ensure mainstream adoption of Forensic Accounting/Forensic Auditing in Pakistan, a change in mind-set and robust infrastructure development are required.

  • Mian Muhammad Farooq

    (AFA) Audit Manager/Audit Circle North, Audit & PAR Group, MCB Bank Limited, Peshawar

    The impact of frauds on banks in monetary transactions are more significant as their operations involve transaction of funds. Side by side, frauds can have a potentially weakening effect on self-assurance in the banking system and may damage the stability of the economy. They can bring down banks; undermine the State Bank of Pakistan’s decisions, etc. The increase in amount involved is largely attributable to the few large value advances and technology related frauds that have come to light in recent years which pose a significant challenge to all stakeholders in the banking industry. Banks are facing a gradually difficult scenario with increased scams fraudulent incidents and thereby directly affecting outcome and increased cost of compliance. With increased regulatory inspections, banks are under pressure to execute best practices. In such a situation, Forensic Accounting/Forensic Auditing is therefore not an option but the need of the hour.

  • Mr. Irtaza Hashmat Shami

    (AFA) Joint Director Audit, Punjab Information Technology Board (PITB) Lahore

    The need for fraud prevention is necessary in every company, but the degree of protection varies based upon the size of the company. At this point, it is essential to highlight that forensic accounting eliminates the business ills. Forensic Accounting/Forensic Auditing is a fastest growing area of accounting now that enables in thinking and enhancing the chances of success in business life, so it is working in most major accounting firms and going to become a great source for the business firms to surmount all the problems. Hence there is a great scope for Forensic Accounting/Forensic Auditing in investigation during merger, amalgamation and acquisition, tax investigations, economic crime investigations, all kind of civil litigation supports, specialized audits, and even in terrorist investigations. This is the right time to adopt and adhere strictly the Forensic Accounting/Forensic Auditing at all the levels of public, government and corporation accounting as an accounting tool to prevent and cure the entities from the financial and other ills.

Caution/Beware of

Some specific group is trying to spread disinformation against The Institute of Forensic Accountants of Pakistan (IFAP)’s repute and status. Please do not believe such false news in any manner or that emails, letters and disinformation. The Institute of Forensic Accountants of Pakistan (IFAP) has reserved his right to proceed legal action against that people, if any in the Court of Law.

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