Milestones
PAIB Milestones
Professional Accountants in Business (PAIB) constitute over 75 percent 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 PAIB Committee 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.
The PAIB Committee is currently chaired by Mr. Samiullah Siddiqui- FCA, who is also the Council Member of ICAP. He is currently serving as Director and CFO, Oxford University Press Pakistan.
Mr. Samiullah Siddiqui also represents the Institute as a member of IFAC’s PAIB Committee, strengthening ICAP’s long and formidable association with IFAC.”
ICAP has maintained its legacy of having a strong bond with IFAC where our past chairman of PAIBC remained their members and past president & Council Member Mr. Yacoob Suttar, served as Member and Deputy Chair of IFAC’s PAIB Committee for six years. In recognition of his contributions to the PAIB cause, he was appointed on IFAC Board, which he continues to serve till date.
PAIB Milestones
The Professional Accountants in Business (PAIB) Committee offers following intiatives
ICAP CFO Conference was launched in 2010. The aim is to reach out to ICAP members in industry and provide them a platform to discuss, debate, and seek pragmatic solutions of emerging business and finance issues. To date, 22 CFO Conferences have been held across the country with the participation of over 10,000 participants, 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.
Link to www.icapcfoconference.com
ICAP National Finance Olympiad is a first ever finance competition conducted in collaboration with Unilever Pakistan was launched in 2015, and has now become a coveted annual event. The Competition aims to build a strong connection between ICAP Members and other finance professionals in the country and instills the essence of teamwork through a healthy contest. It updates the knowledge and application of Accounting, Finance, and Governance standards and gives recognition to worthy talented individuals in the befitting manner.
The competition includes three rounds
Qualifying round: Online computer-based test
Assessment & Simulation Round:
Grand Finale:
For more details: National Finance Olympiad (NFO)
“The greatest good you can do for another is not just to share your riches but to reveal to him his own.” Benjamin Disraeli
ICAP Mentorship Program, was relaunched in March 2021 and since then has increased the mentors to 56. The program facilitates ICAP Members and Affiliates to think clearly and be able to define their professional development goals, have career progression and determine the right strategies to achieve these goals through guidance and support of senior and experienced Mentors from diversified
For registration & Details: ICAP Mentorship Program – The Institute of Chartered Accountants of Pakistan
We offer first of its kind of training competition to equip and upskill our members via online training clubbed with simulation-based competition for stock trading. The competition is launched with Technical support and collaboration of Investor Lounge (Finox Private Limited). It aims to encourage the concept of savings in today’s Economic situation. Participants will have the advantage to trade stocks based on real-time market trends without investing real cash via brokers or fear of financial loss. Various webinars and focus groups are conducted to be benefitted from the wisdom of Industry Gurus, learn market insights and strategize accordingly.
The program is developed as a leadership program that entails content on Leading the self, leading change, leading strategy, and Leading Culture. The program is designed by experts that include the internationally recognized personality assessment test of HBDI. The program is aimed at mid to senior-level finance professionals and is a blend of international best practices catalysed by the guest speakers session of industry leaders who share their industry experience supporting the evidence of studies.
The mobile application is developed to spread awareness and instill knowledge on the ethical issues and dilemmas that Accountants face by getting an insight on the opinion of the other through the application. The App assists Members to direct their thought process aligned and inclined towards ethics when making important business and accounting decisions.
The Committee publishes industry-specific guidelines to support members working in or aspiring to join different industries in Pakistan. The guideline aims to help finance professionals develop broad understanding of business dynamics and industry challenges, thereby enabling them to perform more effectively and efficiently.
Following industry specific guidelines have been published,
| 1 | Pharmaceutical 2nd Edition | Jan 16, 2024 | Publication link |
| 2 | Exploration and production | August 16, 2018 | Publication link |
| 3 | Textiles | June 24, 2019 | Publication link |
| 4 | Power | June 24, 2019 | Publication link |
| 5 | FMCG Guidelines | February 20,2023 | Publication link |
Career Driver application is being developed which is an online tool, wherein young Members can assess their current career level and relevant skills needed towards a path to career progression. This self-assessment will serve as a guiding tool to the member to identify the gap and build capacity in the weak areas to achieve the desired career level.
However, it will include the technical competencies only, behavioural competencies will be evaluated via Internationally acceptable assessment tests on a nominal fee.
Others:
Professional Excellence Awards
Corporate Advisory Forum
ICAP Toastmasters Club is a platform to develop, improve and enhance communication skills for Chartered Accountants. The purpose of the initiative is to equip chartered accountants with the skills of effective communication and help them realize full potential in their careers. The Club provides a positive learning experience through which members are empowered to develop communication and leadership skills leading to increased self-confidence and personal growth.
All CA Toastmasters Clubs have weekly sessions of around 40 to 50 members in major cities of Pakistan.
ICAP IFAC Meeting
ICAP hosted IFAC Meetings on September 29th & 30th, 2016 at Atlantis Hotel, Dubai. Thirty-five delegates and representatives from across the world attended the meeting including the Rachel Grimes-Deputy President IFAC, Charles Tilley- Chairman IFAC PAIBC, and Stathis Gould- Head of PAIB. Amongst the representatives from ICAP were Yacoob Suttar- Deputy Chair of IFAC, Nadeem Yousuf Adil- President ICAP, and Khalilullah Shaikh, Chairman PAIBC.
The business environment today is not what it used to be twenty years ago, nor will it be same in the coming decade. While the expectations and predictions about future may vary, professionals and pundits are unanimous on one point - to excel, one needs to ponder over and prepare for it today!
The purpose of this survey is
This survey also complements the IFAC PAIB Committee agenda of identifying future challenges and opportunities for PAIBs and to provide thought leadership on focus areas for them and their institutes across the globe.
ICAP PAIB Committee launched the Survey on Finance Functions 2025 in May 2016 and has published a full report of the Survey.
The PAIB Committee launched Employer Engagement Survey in November 2017. The purpose of the survey is to understand the perspective of employers regarding Chartered Accountants in industry. It aims to establish concrete understanding regarding needs, demands and expectations of employers seeking to hire Chartered Accountants. Moreover, it is intended to identify skills and talents CEOs, board members and senior management are looking for in a finance leader, their satisfaction level with Chartered Accountants currently working with them, and their planning to deal or engage with CAs in the coming future.
Realizing the difficulty members face when asked to develop policies and procedures in their respective organizations; the Professional Accountants In Business Committee (PAIB) Committee of ICAP has decided to upload samples of certain policies and procedures for the convenience of members. These sample documents are merely to be used as guides and members may modify the same according to the unique nature and requirement of their respective organizations. As a first step, we are uploading the samples of policies and procedures relating to the following areas on the Institute’s website:
These policies and procedures are dynamic and you may suggest additions or deletions by sending an email at [email protected]. We will review your suggestions and try to incorporate the same to improve the documents. PAIB Committee is constantly deliberating on areas where ICAP can help its members in the industry and would certainly welcome any ideas or suggestions members may have where we can help you. You may send your suggestions at [email protected].
Disclaimer
These documents have been developed for reference purposes only. The information contained in these documents is subject to change by the PAIB Committee of ICAP. Anyone relying on this information should accept all risks and consequences flowing from or related to the use, retention, distribution, alteration, or deletion of this information. ICAP will in no instance be liable for any loss of profit or other damage, including but not limited to special, incidental, consequential, or other damages, even if apprised of the likelihood of such damages. Please note that under no circumstances does ICAP warrant or certify the information to be free of errors or deficiencies of any kind.
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Mahreen Channa
Manager, Education & Training
Secretary PAIB Committee, ICAP
[email protected]
021-111-000-422 Ext 421
