ACCA and BoI agree to work together on ‘Ease of Doing Business’ reforms

F.P. Report

ISLAMABAD: During a meeting with Helen Brand OBE, Chief Executive, ACCA (the Association of Chartered Certified Accountants), Board of Investment (BoI) Chairman Haroon Sharif said that the government is focused on addressing the structural problems in the economy to ensure export-led development and achieve stabilisation through development of human resource in the country.

Highlighting some of the structural issues, the BoI chairman said that the professional bodies such as ACCA has a significant role to play in the development of human resource in the fields of corporate management, particularly corporate finance. Helen Brand highlighted that ACCA is training professionals on the line of fulfilling the requirements of digital age and is inculcating the highest standards of ethics and professionalism.

“We are looking for tangible partnerships with private sector to bring in their knowledge and expertise to get the desired results.” – Haroon Sharif, Chairman, Board of Investment (BoI)

The ACCA team also shared some of the insights on ‘Ease of Doing Business’ and overall business environment in Pakistan. Haroon Sharif appreciated the efforts of ACCA in finding the gaps in the policy and implementation and asked them to share concrete recommendations with the BoI, which is the Secretariat for ‘Ease of Doing Business’ reforms in the country.

Earlier, Helen Brand OBE called on the Chairman of Audit Oversight Board (AOB), Mr. Tariq Iqbal Khan in Islamabad to explore opportunities for future partnerships. Senior representatives from the AOB, including Usman Hayat, Chief Executive Officer and Shahid Karim FCCA, Chief Regulatory Officer were also present at the meeting.

Helen also met with Zia ul Mustafa Awan, President, ICMA Pakistan to discuss greater collaboration between both the professional accountancy bodies in developing the accountancy profession in Pakistan.

Helen was also joined by Alan Johnson, Deputy President, International Federation of Accountants (IFAC) and Chair of ACCA’s Accountants for Business Global Forum.

Helen Brand OBE was in Pakistan to attend the third edition of Leaders in Islamabad Business Summit. Powered by ACCA’s award-winning Professional Insights and featuring business leaders and luminaries from around the world, ACCA joined the summit as a Knowledge Partner.

On the sidelines of the summit, Helen also attended different sessions hosted by country’s top leadership, most notably the sessions hosted by Prime Minister Imran Khan, President Dr. Arif Alvi and General Zubair Mahmood Hayat NI, Chairman Joint Chiefs of Staff Committee.

About ACCA

ACCA (the Association of Chartered Certified Accountants) is the global body for professional accountants, offering business-relevant, first-choice qualifications to people of application, ability and ambition around the world who seek a rewarding career in accountancy, finance and management.

ACCA supports its 208,000 members and 503,000 students in 179 countries, helping them to develop successful careers in accounting and business, with the skills required by employers. ACCA works through a network of 104 offices and centres and more than 7,300 Approved Employers worldwide, who provide high standards of employee learning and development. Through its public interest remit, ACCA promotes appropriate regulation of accounting and conducts relevant research to ensure accountancy continues to grow in reputation and influence.

ACCA has introduced major innovations to its flagship qualification to ensure its members and future members continue to be the most valued, up to date and sought-after accountancy professionals globally.

Founded in 1904, ACCA has consistently held unique core values: opportunity, diversity, innovation, integrity and accountability.