Recognition to the Industry

Considering the responsibility towards corporate sector, the Institute every year recognizes the efforts of corporate organizations having best disclosures of their annual performance including activities they are performing towards their stakeholders and society. The Institute assesses annual corporate and sustainability reports of companies belonged to different sectors and based on globally accepted benchmarks of disclosures and corporate reporting.

Best Corporate and Sustainability Report Award (BCSRA)

The BCSRA is a yearly recognition program for companies registered in Pakistan which is organized in collaboration with other stakeholders. It attracts over 200 public and private sector organizations belonged to different sectors and awards top five performers in each sector.

SAFA Best Presented Accounts Award

The Institute along with other accounting bodies of South Asian Federation of Accountants (SAFA) organizes “Best Presented Accounts Award” for companies operating in South Asian Region. The SAFA award is presented to recognize and nurture professional excellence in the field of financial reporting in the region and winners are selected after technical evaluation of the published annual reports by an eminent panel of judges from leading professional institutions across the region.

Mutual Recognition

Memorandum of Understanding (MoU) for Mutual Collaboration and Recognition between Institute of Cost and Management Accountants of Pakistan (ICMA Pakistan) and Chartered Institute of Management Accountants (CIMA), United Kingdom (UK) The understanding between the two professional institutions recognizes efforts of each other towards the promotion of the profession of Management Accounting. Under the agreement, the two Institutions are cooperating in the following areas:

• Reciprocal Exemptions
• Curriculum Development and Updation
• Sharing Advance Learning Methodologies
• Cooperation in Examination Methodologies
• Joint Seminars, Conferences & Workshops
• Recognition of each other CPD hours
• Access to each other facilities
• Cooperation in Research & Development
• Exchange of Articles for Publication