Karachi: Accounting is a powerful tool which has conventionally been used in optimizing the economic performance of organizations’ and there is no reason that the same tools cannot be used to enhance their social and environmental performance.Keeping in view the recent socio-economic conditions of Pakistan, it is necessary to promote this trend in our country.
These views were shared by Chairman Conference Committee ICAP, Pervez Muslim, while addressing the Golden Jubilee Media Launch of ICAP. Traditionally it has been financial accountability that is the forte of accountants but now, in various countries, they were also making strides in the field of social and environmental accounting.
On this occasion Zahid Bhatti, Vice President (South) ICAP, Hafiz Mohammad Yousaf Vice President (North), members of conference committee Adnan Zaman and Nadeem Yousuf were also present.
To highlight the significance of this global trend, ICAP is holding a conference on 26th & 27th July, 2011 titled “Accountants and Social Responsibility” as part of its Golden Jubilee Celebrations.
Apart from the 1200 participants, the conference will feature presidents of its counterparts from different countries and various top-notch professionals from the public and private sectors.
The moot will explore topics like; Resource Mobilization in Developing Economies; Indirect Taxation and Fiscal Deficit; Poverty Alleviation, Accountants: Catalyst for Social Development; Green Accounting; Carbon Trading and so on. The conference will be managed by TerraBiz Group, the leading event producers of Pakistan.
Hafiz Mohammad Yousuf, who is also the Chairman of the Golden jubilee Celebrations Committee in his address elaborated the significance of the Golden Jubilee Year of the Institute, the Council of the Institute had decided that keeping view the numerous milestones the celebrations of the 50th Anniversary will be held all through the year 2100. He highlighted the initiatives and activities undertaken by the Institute during the current year which included the Inaugural Ceremony of the Golden Jubilee Celebrations in Islamabad, the two highly appreciated CFO conferences in Lahore and Karachi different spots events for the members and the students alike, and the two day international conference scheduled for July 26th and 27th , the yearlong celebration will be concluded during the Concluding ceremony to be held in Lahore later this year.
Muslim said that ICAP was established under The Chartered Accountants Ordinance, 1961. Since then it has come a long way from a very small community of Registered Accountants to what it is today – a professional body of over 6,000 members. Upholding integrity, inculcating professionalism, and enhancing quality have been the hallmark of the institute in the past five decades.
ICAP has been serving the society in many aspects but the most noted contributions of ICAP is that it acts as a think tank for the government by setting up the economic, corporate, financial policies and advisor to the government.
In the private sector no other private company is playing such a huge part as ICAP. Revenue Advisory Council has 12 members out of which four are ICAP members. ICAP also renders advisory council services to the State Bank and the SECP.
Furthermore Code of Corporate Governance was developed by the State Bank of Pakistan and SECP and implemented on the recommendation of ICAP. There is also a separate institution working under the name Institute of Corporate Governance of which ICAP was one of the sponsors.
Earlier, Shoaib Ahmed, Secretary ICAP shared a presentation based on ICAP’s vision and functions. He said, “As professional accountants we have a critical role in accelerating the progress of our country towards economic stability and the Institute will continue to support and facilitate not only its members but also the government, the regulators and the business community in this respect.”
In recognition of ICAP’s 50 years’ services, Pakistan Post is launching honorary stamp, meanwhile nationwide programs are also being organized to celebrate the golden jubilee of the Institute.
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