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.

The Institute of Forensic Accountants of Pakistan (IFAP) introduces/announces a scheme/policy of full exemption and direct membership as a special case for a period of three months and offers/honors full exemption and direct membership to CA, CMA, ACCA, CPA, CIA, CICA, CFE, PIPFA Qualified Members/Finalists/Inters and M.Com, MBA, IBP, LLB, LLM, RITP qualifications holders on the basis of academic, professional education and having more than five years (05) practical job experience. This special scheme/policy of full exemption and direct membership offered by IFAP to Accounting and Finance Professionals is valid before or up to December 31, 2023.

On July 15, 2022, The Institute of Forensic Accountants of Pakistan (IFAP) formalized a Memorandum of Understanding (MOU) with the Dellsons Institute, which has branches in Karachi and Lahore. This MOU serves as a foundation for conducting corporate training sessions, hosting seminars, workshops, and various other professional training programs.

In addition, IFAP and Abstract Accounting & Auditing have jointly committed to collaborating on Continuing Professional Development/Continuing Professional Education (CPD/CPE) Programs. These programs will target areas of mutual interest recognized by both institutes as essential for maintaining professionalism in the ever-evolving and demanding business landscape. This partnership is integral for meeting the requirements of professionalism in a dynamic business environment.

The Institute of Forensic Accountants of Pakistan (IFAP) and The Institute of Forensic Accountants AJK (IFAAJK) forged a Mutual Recognition Agreement (MRA) on June 5, 2023. This agreement aims to acknowledge and accept each other's qualifications, training, and admit members in good standing, along with implementing a bridging mechanism. This collaboration enables both institutes to take a lead role in addressing the evolving challenges within the globalized Forensic Accounting and Forensic Auditing profession.

Through this Qualification Reciprocal Agreement, these regulatory bodies enhance their visibility and gain broader acceptance within the professional community, opening doors for increased career opportunities. IFAP and IFAAJK share a common and robust interest in advancing the fields of Forensic Accounting and Forensic Auditing, particularly in upholding and strengthening professional and educational standards across various sectors and promoting the internationalization of these professions.

The Institute of Forensic Accountants of Pakistan (IFAP) entered into Mutual Recognition Agreement (MRA) with The Institute of Auditing (TIA – Pakistan) on 5th June 2023 to recognize the qualification, training of each other and admit the members in good standing by prescribing a bridging mechanism. The both Institutes will have an opportunity to play the leadership role in addressing new challenges facing the profession of Forensic Accounting and Internal Auditing in a globalized environment. This Qualification Reciprocal Agreement between two regulatory institutions at both ends brings in elements of enhanced visibility and wider acceptance amongst the stakeholder community thus paving way for augmentation of increased professional opportunities. The IFAP and TIA share common and strong interests in the advancement of the profession of Forensic Accounting and Internal Auditing, especially in relation to the maintenance and strengthening of professional and educational standards in all sectors as well as the internationalization of the profession.

On April 17, 2023, The Institute of Forensic Accountants of Pakistan (IFAP) formalized a Memorandum of Understanding (MOU) with Abstract Accounting and Auditing, a firm based in Dubai, UAE, specializing in accounting and auditing services. This MOU lays the groundwork for collaboration on various fronts, including conducting corporate training sessions, hosting seminars, workshops, and other professional training programs.

Furthermore, IFAP and Abstract Accounting & Auditing have mutually agreed to join forces on Continuing Professional Development/Continuing Professional Education (CPD/CPE) Programs. These programs will be focused on areas of shared interest, a crucial component recognized by both institutes for upholding professionalism in today's dynamic and demanding business environment. This partnership is pivotal in fulfilling the requirements of professionalism in this evolving business landscape.

The Institute of Forensic Accountants of Pakistan (IFAP) has established a Memorandum of Understanding (MOU) with the Xpert Knowledge Training Institute (XKTC) in Lahore, Pakistan on 15 August 2022 . This MOU signifies a collaborative effort between the two institutions, with the goal of enhancing knowledge and skills for students, educators, and professionals. The MOU outlines various areas of cooperation, including the provision of study materials and coaching support, examination facilitation, practical and management training, joint organization of seminars, professional development initiatives, and conferences.

Moreover, it enables the coordination of training classes, seminars covering topics like Forensic Accounting, Forensic Auditing, Forensic Fraud Investigation, Financial Crimes, Corporate Governance, and Compliance. Additionally, the MOU encourages research activities and diverse certification programs related to Forensic Accounting, as well as the establishment of short-term courses in related fields. This collaboration not only strengthens the bond between the two partnering institutes but also fosters the development of executive education programs.