Posts in category: News

The Institute of Forensic Accountants of Pakistan (IFAP) and the National University of Sciences & Technology Professional Development Centre (NUST PDC) have formalized a strategic partnership through the signing of a Document of Understanding (DoU) today. This collaboration establishes a comprehensive framework for joint initiatives aimed at enhancing capacity building and promoting best practices within the financial and corporate sectors.

The DoU outlines ten key objectives, including:

• Collaborative efforts in forensic accounting, auditing, finance, and corporate governance.
• Exploration of emerging technologies such as AI, blockchain, and cybersecurity.
• Joint organization of training programs, seminars, and conferences.
• Promotion of financial literacy and ethical practices.
• Collaborative research and publication initiatives.
• Development of joint certification programs.
• Innovation in fraud detection and risk management.
• International collaboration through shared networks.
• Integration of sustainability and ESG principles.
• Advancement of corporate social responsibility.

The signing ceremony, attended by officials from both IFAP and NUST PDC, underscored the commitment of both organizations to this joint initiative. Dr. Tahir Iqbal, Secretary/Member Executive Council of IFAP, and Mr. Muhammad Ali Khan, General Manager of NUST PDC, formally signed the DoU.

This partnership is poised to significantly contribute to the advancement of financial integrity and professional development in Pakistan.

The Institute of Forensic Accountants of Pakistan (IFAP), represented by Dr. Majid Latif Bhatti, successfully delivered a comprehensive two-day training session on Forensic Accounting (Awareness, Importance, and Application) at the NUST Professional Development Centre (PDC) on January 29th and 30th, 2025. This collaborative initiative aimed to enhance the understanding and practical application of forensic accounting principles within the corporate sector. The program provided a structured curriculum covering essential aspects of forensic accounting, including fraud detection, financial investigation, and litigation support, tailored to address the evolving challenges faced by organizations.

In a significant move towards fostering cooperation, The Institute of Forensic Accountants of Pakistan (IFAP) and the Tradex Auditing of Accounts LLC, Chartered Accountants & Consultants, Dubai-UAE have formally signed a Memorandum of Understanding (MOU) on August 15, 2024 for export of forensic accounting and forensic auditing services to UAE and exploring professional and business opportunities for IFAP members through collaborative initiatives. The MOU was signed, exemplifying the commitment of both Institutions to enhancing the forensic accounting and forensic auditing profession’s knowledge and professional development. This MOU would entail designing distance education programs, designing study materials for students, examination systems, and disciplinary and regulatory mechanisms by IFAP for the benefit of the UAE.

The collaborative MOU seeks to establish a platform for mutual cooperation aiming at the advancement of forensic accounting and forensic auditing knowledge, professional and intellectual development, and the progress of their respective professions. This dynamic partnership is poised to make a positive impact on the forensic accounting and forensic auditing profession in both the Pakistan and UAE. The MOU signifies a pivotal step in strengthening bilateral relations. This MOU will establish closer working linkages between IFAP and Tradex as it will enable the two to draw synergies from the professional expertise available with each other in areas of forensic accounting, forensic auditing, technical research, and corporate governance and alike.

We are pleased to extend a warm and hearty welcome to Mr. Hameed Raza, our esteemed Member, on his appointment as the Director of Coordination & Business Development (DCBD) for The Institute of Forensic Accountants of Pakistan (IFAP) in Lahore, Gujranwala, and Kasur Regions. This appointment, effective from April 01, 2024, underscores Mr. Raza's dedication to advancing the promotion and development of the Forensic Accountant® Program within these important regions.

Mr. Raza's extensive experience and commitment to fostering business development make him exceptionally well-suited to this role. As we strive to enhance our presence and activities in Lahore, Gujranwala, and Kasur, his leadership will be instrumental in forging partnerships, driving growth, and ensuring the continued success of the FA Program. We eagerly anticipate the innovative strategies and initiatives Mr. Raza will bring to IFAP. Congratulations to Mr. Hameed Raza, and we are thrilled to have him join our team.

We are delighted to extend a warm and hearty welcome to Mr. Haziq Neshat Akhtar, our esteemed Member, on his appointment as the Country Head for the Bahrain Chapter of The Institute of Forensic Accountants of Pakistan (IFAP) (CHBCI). This appointment, effective from April 05, 2024, highlights Mr. Akhtar's dedication to advancing the promotion and development of the Forensic Accountant® Program within Bahrain.

With his wealth of experience and commitment to the field, Mr. Akhtar is well-suited to lead the Bahrain Chapter of IFAP. His leadership will play a crucial role in expanding our presence in Bahrain and fostering the growth of forensic accounting in the region. We eagerly anticipate the innovative approaches and initiatives Mr. Akhtar will bring to IFAP. Congratulations to Mr. Haziq Neshat Akhtar, and we are thrilled to have him take on this pivotal role within our organization.

We are pleased to extend a warm and hearty welcome to Mr. Syed Muhammad Farhan, our professional partner, on his appointment as the Director of Coordination, Business Development & Training (DCBDT) for The Institute of Forensic Accountants of Pakistan (IFAP) in the UAE (All States/Regions). This appointment, effective from April 01, 2024, underscores Mr. Farhan's dedication to advancing the promotion and development of the Forensic Accountant® Program within this crucial region.

Mr. Farhan's extensive background in coordination, business development, and training equips him well for this role. As we aim to bolster our presence and activities in the UAE, his leadership will be instrumental in fostering partnerships, driving growth, and ensuring the highest standards of training in forensic accounting. We eagerly anticipate the innovative strategies and initiatives Mr. Farhan will bring to IFAP. Congratulations to Mr. Syed Muhammad Farhan, and we are delighted to welcome him to our team.

We are pleased to extend a warm and hearty welcome to Mr. Muhammad Omair Arfeen, our esteemed Member, on his appointment as the Director Learning & Academics (DLA) for The Institute of Forensic Accountants of Pakistan (IFAP) in Qatar, KSA, and other Middle East regions. This appointment, effective from April 01, 2024, underscores Mr. Arfeen's commitment to advancing the promotion and development of the Forensic Accountant® Program within these vital regions.

Mr. Arfeen's wealth of experience in academia and his dedication to the field make him exceptionally suited to this role. As we continue to expand our presence in the Middle East, his leadership will be pivotal in shaping the academic landscape and ensuring the highest standards of education and training in forensic accounting. We eagerly anticipate the innovative approaches and initiatives Mr. Arfeen will bring to IFAP. Congratulations to Mr. Muhammad Omair Arfeen, and we are thrilled to have him join our team.

In a significant development, The Institute of Forensic Accountants of Pakistan (IFAP) has signed a Mutual Recognition Arrangement (MRA) and Memorandum of Understanding (MoU) with Global Educational and Professional Excellence Academy (GEPEA) University, encompassing Europe and Zambia. This collaboration, initiated on October 28, 2023, highlights the commitment of both IFAP and GEPEA to promote joint research in the field of Forensic Accounting and facilitate educational and academic exchanges between students and faculty. The partnership seeks to explore various opportunities for cooperation in academic and educational endeavors, aiming to enhance the objectives and mission of both institutions.