Posts in category: News

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.

The Institute of Forensic Accountants Pakistan (IFAP) and the Institute of Certified Public Accountants of Pakistan (ICPAP-CPA Pakistan) have formalized a Memorandum of Understanding (MOU). This MOU serves as a framework for both accounting institutions to offer assistance and support to their respective members. It also facilitates collaboration in areas such as joint research, educational initiatives, and other shared interests.

This partnership strengthens the bond between the two organizations and aligns with their common objective of enhancing the professions of Public Accounting, Forensic Accounting, and Forensic Auditing. The MOU sets out specific criteria that outline how members from one institution can qualify for membership in the other.

On the 7th of March, 2022, The Institute of Forensic Accountants of Pakistan (IFAP) entered into a Memorandum of Understanding (MOU) with Security Experts (Private) Limited in Islamabad. This MOU focuses on facilitating corporate training, seminars, workshops, and various professional training programs.

Furthermore, IFAP and Abstract Accounting & Auditing have collaboratively committed to develop Continuing Professional Development/Continuing Professional Education (CPD/CPE) programs. These initiatives aim to address areas of common interest and are recognized by both institutes as essential for upholding professionalism in the ever-evolving and demanding business landscape.

On December 13, 2021, The Institute of Forensic Accountants of Pakistan (IFAP) and Max Strategy, a Knowledge Partner of Riphah International University in Islamabad, solidified their collaboration by signing a Memorandum of Understanding (MOU). This MOU lays the foundation for corporate training, seminars, workshops, and various professional programs conducted by both organizations.

Furthermore, IFAP and Max Strategy have committed to working together on Continuing Professional Development/Continuing Professional Education (CPD/CPE). Both institutions recognize this as a crucial element in maintaining professionalism within the dynamic and challenging landscape of business and finance. This partnership aims to provide valuable educational opportunities to professionals in the field.