Page 4 - CMA Journal (Nov-Dec 2024)

President's

Message

Dear Members and Readers,
President's
Message
I am delighted to share my message for publication in this edition of the Chartered
Management Accountant Journal, which focuses on the critical theme of Digital
Transformation in Accounting Practices.
In today’s fast-paced business environment, digital transformation has become a
necessity for maintaining competitiveness and efficiency. Technologies such as
artificial intelligence, blockchain, and cloud computing are revolutionizing
traditional accounting practices. This shift is not just about automation; it is about
leveraging technology to enhance decision-making, improve transparency, and
create strategic value.
As management accountants, we are uniquely positioned to lead this change. Our role
extends beyond financial reporting to strategic advisory and innovation. To thrive in
this digital era, we must embrace new tools, continuously upgrade our skills, and
remain mindful of the ethical implications of technological advancements.
ICMA Pakistan has always focused on equipping professionals with the skills needed
for the digital era. Through training programs, digital literacy initiatives, and
partnerships with industry leaders, we ensure management accountants stay relevant
and ready to lead in digital financial management.
I am pleased to share that ICMA has recently signed an MoU with CPA Canada for
Reciprocal Membership Arrangements (RMA). Effective March 1, 2025, this agreement
will allow ICMA members to qualify for CPA Canada by passing only the Common Final
Examination (CFE), enhancing their global recognition and career opportunities. We
are also renewing our Strategic Partnership Agreement with ACCA on improved terms
to further strengthen our international collaborations.
Taking the opportunity, let me inform our members that the Annual General Meeting
(AGM) has been scheduled on March 15, 2025 in Lahore, where we will review our
achievements and discuss future plans. The Council’s Report and financial statements
are already available on our website for your reference.
Wishing you a blessed and peaceful Ramadan Kareem!

Ghulam Mustafa Qazi, FCMA
President ICMA

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