A new agreement signed by The Institute of Forensic Accountants of Pakistan (IFAP) and The Institute of Forensic Accountants AJK (IFAAJK) will see them work in partnership to develop the Forensic Accounting & Forensic Auditing Profession in Pakistan & AJK. The two leading professional Institutes have signed a Memorandum of Understanding (MoU) which will promote the highest standards of professionalism and ethics, with both organization agreeing to co-operate in professional education, training, examinations and memberships. The IFAP and IFAAJK have also agreed to work together on Continuing Professional Development (CPD) which is seen by both Institutes as a key requirement of professionalism in a dynamic and demanding business environment. The two Institutes will also identify suitable research opportunities and undertake joint research and publications. The Memorandum of Understanding (MoU) specifies the criteria by which members of one body are eligible for membership in the other.