Call to promote accounting culture

OUR STAFF REPORTER KARACHI - Accounting is a powerful tool which has conventionally been used in optimising the economic performance of organisations and there is no reason that the same tools cannot be used to enhance their social and environmental performance. Keeping in view the recent socio-economic conditions of Pakistan, its necessary to promote this trend in our country. These views were shared by Pervez Muslim, Chairman Conference Committee ICAP, while addressing the Golden Jubilee Media Launch of ICAP here. He added that traditionally it has been financial accountability that is the forte of accountants. but now, in various countries, they are also making strides in the field of social and environmental accounting. ICAP is holding a conference on 26th and 27th July, titled Accountants and Social Responsibility as part of its Golden Jubilee Celebrations. Apart from the 1200 participants, the conference will feature presidents of its counterparts from different countries and various top-notch professionals from the public and private sectors. The moot will explore topics like; Resource Mobilisation in Developing Economies; Indirect Taxation and Fiscal Deficit; Poverty Alleviation, Accountants: Catalyst for Social Development; Green Accounting; Carbon Trading and so on. Hafiz Mohammad Yousuf, who is also the Chairman of the Golden Jubilee Celebrations Committee in his address elaborated the significance of the Golden Jubilee Year of the Institute, the Council of the Institute had decided that keeping in view the numerous milestones the celebrations of the 50th anniversary will be held all through the year 2100. He highlighted the initiatives and activities undertaken by the Institute during the current year which included the Inaugural Ceremony of the Golden Jubilee Celebrations in Islamabad, the two highly appreciated CFO conferences in Lahore and Karachi different spots events for the members and the students alike, and the two day international conference scheduled for July 26th and 27th , the yearlong celebration will be concluded during the concluding ceremony to be held in Lahore later this year. Pervez Muslim said that ICAP was established under The Chartered Accountants Ordinance, 1961. Since then it has come a long way from a very small community of Registered Accountants to what it is today a professional body of over 6,000 members. Upholding integrity, inculcating professionalism, and enhancing quality have been the hallmark of the institute in the past five decades.