ACCA and PIFRA Sign MoU for Financial English Training

KARACHI (June 11, 2010) – ACCA Pakistan has reiterated the value of ICFE (International Certificate in Financial English) to its partners in the corporate and public sectors by recently signing a memorandum of understanding with PIFRA (Project for Improvement of Financial Reporting and Auditing).

ICFE is a joint qualification of ACCA and University of Cambridge aimed at assessing English language skills in the context of finance, accounting, and auditing and focuses on developing and validating first-rate English language skills in four areas, that is, reading, writing, speaking and listening.

Keeping in view the working of DAGP (Department of Auditor General of Pakistan) and the CGA and their capacity building plans under PIFRA, the concept of certification in Financial English was introduced to PIFRA and the DAGP. PIFRA recognizes the utility of this certification and thus has entered into an agreement with ACCA Pakistan and CFTR (Centre for Financial Training and Research) for training 200 DAGP and CGA officers and staff within a span of six months. Training will be arranged at the Audit and Accounts Training Institutes at Islamabad, Lahore and Karachi after the closing office hours.

Being an ACCA Approved Employer, the relationship between DAGP/PIFRA and ACCA Pakistan stands further strengthened.

Speaking on the occasion, Mr Suhail Ahmed, Project Director, PIFRA said, “We seek value addition for our employees for effective outputs and outcomes. This partnership between DAGP and ACCA Pakistan is unique and may prove to be cornerstone for other similar progressive initiatives.” Also present at the signing ceremony were Mr Muhammed Abdul Basir, Director General Operations, PIFRA, Mr. Fida Muhammad, DG HRM, DAGP, Mr. Muhammad Ayaz, Director Training PIFRA, Mr. Muhammad Salim Khan, Deputy Director Training, PIFRA, Mr. Mujtaba Iqbal, CEO, Centre of Financial Training and Research and Mr. Shamez Mukhi, Head of Marketing, Communications and Media Relations, ACCA Pakistan.

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