International Affiliations

Being a leading professional Institution of Pakistan, apart from performing due role within the country, it is contributing towards world economies which is in the phase of innovation and globalization. The Institute, while realizing its role towards global economy, supported formation of international and regional associations and got an honor of becoming their founding member.

The Institute has a membership of following International & Regional accounting associations and it is actively involved to promote the profession of accounting across the globe:

International Federation of Accountants (IFAC)

since: 1974

IFAC is the global organization for the accountancy profession dedicated to serving the public interest by strengthening the profession and contributing to the development of strong international economies.
IFAC is comprised of 179 members and associates in 130 countries and jurisdictions, representing approximately 2.5 million accountants in public practice, education, government service, industry, and commerce.

Confederation of Asian and Pacific Accountants (CAPA)

since: 1980

The Confederation of Asian and Pacific Accountants (CAPA) represents national professional accounting organizations in the Asia-Pacific region. Today, CAPA has a membership of 31 accounting organizations in 24 jurisdictions.
CAPA is by far the largest regional accounting organization and its geographical area spans half the globe.

South Asian Federation of Accountants (SAFA)

since: 1984

SAFA as a forum of professional accountancy bodies is committed to position, maintain and develop the accountancy profession in SAARC Region and ensuring its continued eminence in the world of accountancy; in the public interest and towards broad economic development of the region.
Presently, nine accounting bodies of SAFA represent over 250,000 professional accountants.

IFRS Foundation

since: 2019

ICMA is part of the IFRS Foundation. The IFRS Foundation is a not-for-profit, public interest organisation established to develop high-quality, understandable, enforceable, and globally accepted accounting and sustainability disclosure standards. Their Standards are developed by two standard-setting boards, the International Accounting Standards Board (IASB) and International Sustainability Standards Board (ISSB). The coalition is promoting International Financial Reporting Standards and value creation as the next step in the evolution of financial reporting.

International Corporate Governance Network (ICGN)

since: 2020

ICMA Pakistan is the first Professional Accountancy Organisation (PAO) in Pakistan to become a Member of ‘International Corporate Governance Network (ICGN)’. The International Corporate Governance Network is an organization whose mission is to promote effective standards of corporate governance and investor stewardship to advance efficient markets and sustainable economies world-wide. These are achieved through the ICGN Global Governance Principles.