About ICAP The Institute of Chartered Accountants of Pakistan (ICAP) established under The Chartered Accountants Ordinance, 1961 is a prestigious self-regulatory body of professional accountants in Pakistan. It represents accountants employed in public practice, business and industry,and the public and private sectors.
Initially on the Institutes' establishment, there were a handful of accountants; however, today the number has risen to 8000, out of which more than 70 per cent are employed in the industry. ICAP professionals are spread across the globe and highly valued due to their professional competence, integrity and drive for professional excellence.
The functions of the Institute include conducting examinations of the candidates aspiring to become Chartered Accountants, monitoring and developing the profession through its rigorous quality control mechanism and standard setting. Apart from its core functions ICAP, in public interest, contributes significantly in promoting good corporate governance, formulating economic policies of federal and provincial governments including federal budget formulation with specific focus on taxation.
The Institute is fully cognizant of the obligation it carries towards the business and finance professionals and committed to provide a better platform for the financial leaders of the country to discuss the future scenarios and challenges.
About PAIB Committee
Professional Accountants In Business (PAIB) constitute over 70 per cent of ICAP membership. They work in various roles as business and financial leaders, strategic partners and advisors to create sustainable value for their organizations. The ICAP Professional Accountants in Business Committee, currently chaired by Mr Khalilullah Shaikh, was formed in 2009 and has reached to great heights since then. The PAIB Committee of the Institute endeavors to serve this large membership segment - by engaging them, helping them in their professional development and highlighting their great contribution to the economy as creators, enablers, reporters and preservers of value for the organizations they work for.
ICAP PAIB Committee has strong connection with IFAC PAIB Committee. In recognition of our active participation and contribution, Mr. Yacoob Suttar, Council Member and Past President, ICAP, served as Deputy Chair of IFAC's PAIB Committee for two years. Mr. Khalilullah Shaikh, Chairman ICAP PAIB Committee now represents the Institute as a member at IFAC PAIB Committee. Recognized at IFAC level, ICAP PAIB is committed to make continuous enhancements in its role to cater to the professional accountants serving in commerce, industry, education, finance, private and public sector in Pakistan.
PAIB Committee since its formation has successfully engaged members through different activities such as annual CFO Conferences, Professional Excellence Awards, National Finance Olympiad and Toastmasters' Club , Soft Skills Series workshops, Surveys, Mentorship Program.
About CFO Conference
Nine years ago, the Professional Accountants in Business (PAIB) Committee of ICAP took the initiative of reaching out to Institute's members in industry and providing them with a platform to discuss, debate and seek pragmatic solutions of emerging business and finance issues.
To date, 16 CFO Conferences have been held across the country with participation of over 8,000 business leaders and finance professionals. The Conferences continue to be the most sought after platform for professionals to share expertise, build knowledge and network. The distinctive themes, relevant topics, eminent speakers and enthusiastic participants are the hallmark of the continued success of CFO Conferences. Since 2015, the Institute has been organizing Middle East CFO Conferences in Dubai.