INSTITUTE OF COST AND MANAGEMENT ACCOUNTANTS OF PAKISTAN Meaning and
Definition
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The Institute of Cost and Management Accountants of Pakistan (ICMAP) is a professional organization established in Pakistan that focuses on promoting and regulating the practice of cost and management accounting within the country. It was established in 1951 and is headquartered in Karachi.
The main aim of ICMAP is to provide education and training to individuals interested in pursuing a career in cost and management accounting. It offers various levels of professional qualifications and certifications, including Certified Cost and Management Accountant (CMA) and Associate Cost and Management Accountant (ACMA). These qualifications are highly recognized in the industry and demonstrate a high level of expertise in cost and management accounting.
In addition to education and training, ICMAP also plays a regulatory role in the profession. It sets ethical standards and guidelines for its members, ensuring that they adhere to professional ethics and integrity in their practice. The institute also conducts examinations and assessments to maintain the standard and quality of its members.
ICMAP is actively involved in research and development activities related to cost and management accounting. It publishes academic journals and research papers to contribute to the advancement of the profession. The institute also conducts seminars, conferences, and workshops to facilitate the exchange of knowledge and experiences among its members and the wider accounting community.
Overall, the Institute of Cost and Management Accountants of Pakistan serves as a professional body that both develops and regulates the cost and management accounting profession in Pakistan.
