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IFAP Seminar Lahore 2nd December 2023

IFAP Training Seminar on Forensic Accounting, Its Awareness, Importance and Application

The IFAP Training Seminar on Forensic Accounting stands as a pivotal event, offering a comprehensive exploration of the discipline's nuances—its awareness, importance, and practical application. Tailored for professionals seeking to delve into the intricacies of Forensic Accounting, this seminar serves as an invaluable platform for knowledge enrichment. Participants can anticipate gaining a profound understanding of the significance of Forensic Accounting in today's dynamic business landscape. By emphasizing real-world applications, the seminar equips attendees with practical insights that are immediately applicable in their professional endeavors. Whether you are a seasoned practitioner or a newcomer to the field, this seminar promises to elevate your expertise and contribute significantly to your proficiency in Forensic Accounting.

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MOU With GEPEA University

IFAP Signed MRA/MOU with GEPEA University, Europe & Zambia

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.

GEPEA University, Europe & Zambia

for further information

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Special Exemption Scheme

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.

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MOU With Dellsons

IFAP Signed MOU With The Dellsons Institute, Karachi & Lahore

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.

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MRA with IFAAJK

IFAP Signed MRA with IFAAJK

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.

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MRA With TIA Pakistan

IFAP Signed MRA with TIA Pakistan

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.

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IFAP Annual Get-together of Members Islamabad

IFAP's Annual Get-together of Members (2022-2023) Islamabad

The annual get-together of IFAP members took place in Islamabad on May 27, 2023, where several crucial topics were deliberated. The gathering commenced with the announcement of various working committees, highlighting their significant roles and responsibilities within the institute.

The event also provided an opportunity to showcase the progress and development achieved by IFAP over the past year. Members discussed the growth and advancements in forensic accounting and auditing, underlining the institute's commitment to excellence in these fields.

A central focus of the event was dedicated to Continuing Professional Development (CPD) training workshops and seminars. These learning opportunities serve as a vital component of members' ongoing education, ensuring they stay updated with the latest industry trends and best practices.

Furthermore, the publication of the annual digital journal was a key topic of discussion. This journal serves as a valuable resource for members, sharing insights, research findings, and thought leadership in the realm of forensic accounting and auditing.

The event also recognized and appreciated the approved coaching centers affiliated with IFAP, playing an essential role in facilitating education and training for future forensic accountants.

The get-together concluded with a forward-looking discussion on future goals and objectives, providing members with an opportunity to contribute their valuable insights and suggestions. The exchange of ideas and feedback from members was a pivotal part of the event, highlighting the collaborative spirit and dedication to excellence within the IFAP community.

Committees

IFAP Formation Of Committees

IFAP's Special Committees

The Institute's Executive Council has established specific committees to carry out various functions outlined in the constitution. Each of these committees is led by a Chairman chosen by the Institute's Executive Council. These committees include:

Committees Name of Chairman
Research, Development & Publication Mr. Waqar Dilshad
Examinations / Exemption Mr. Malik Imran
Education Ms. Faiza Ali
CPD Mr. Zahid Farooq
Member's Affairs Mr. Tahir Iqbal
Public Relations Mr. Waqar Dilshad
Finance and Budget Mr. Tahir Iqbal
Disciplinary Mr. Tahir Iqbal
Technical Support And Practice Mr. Majid Latif
Marketing And Communication Mr. Majid Latif
Counselling And Placement Mr. M Ali Yazdani
Legals affairs Mr. Fahim Ul Haq Khan
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MOU With Abstract Accounting

IFAP Signed MOU With Abstract Accounting Dubai-UAE

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.

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MOU With X-K-T-C

IFAP Signed MOU With X-K-T-C Lahore-Pakistan

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.