Home Business & Finance ICAP elects office bearers for 2020-21

ICAP elects office bearers for 2020-21


The Council of the Institute of Chartered Accountants of Pakistan (ICAP) elected its new Office Bearers for the year 2020-2021 in its 334th meeting held in Karachi on November 3, 2020.

The Council unanimously elected Mr. Iftikhar Taj as President of the Institute, Mr. Ashfaq Yousuf Tola and Mr. Muhammad Ali Latif as Vice Presidents.

Mr. Iftikhar Taj is a Fellow member of the Institute of Chartered Accountants of Pakistan (ICAP) and has been serving as an elected Council Member since 2017 and has also served as Vice President for the term of 2018-19. He has been playing a vital role in several ICAP committees including Investigation Committee, Marketing Committee, IT Committee, Committee on Fiscal Laws, Education & Training Committee, Building Committee, PAIB Committee and Practicing Members Committee including Boards i.e. Digital Assurance and Accounting Board. Currently, he is working as Director Governance & Strategy at Crowe Hussain Chaudhry & Co. He is also Technical Advisor on PAIB committee of International Federation of Accountants (IFAC) New York, USA.

Mr. Tola is a fellow member of the Institute of Chartered Accountants of Pakistan and Institute of Cost and Management Accountants of Pakistan. He is Council Member since 2017 and headed Fiscal Laws Committee, Economic Advisory & Government Relationship Committee and Overseas Coordination Committee. He is also a life member of SAARC Chamber of Commerce and Industry. He is Technical Advisor on the Board of the South Asian Federation of Accountants (SAFA) and also chairs the Anti-Money Laundering Taskforce of SAFA. He is an accomplished professional who has experience of over 25 years in diversified areas such as financial and forensic auditing, management consultancy, tax advisory and corporate structuring. Moreover, Mr. Tola has a keen interest in matters pertaining to the Economy of Pakistan, which is portrayed by his contributions towards policymaking, reflected through various memberships of technocratic governmental bodies, such as the Tax Reforms Implementation Committee, and the Privatization Commission of Pakistan.

 Mr. M. Ali Latif is a Fellow Member (FCA) of the Institute of Chartered Accountants of Pakistan (ICAP). He is a practicing chartered accountant working as Partner in “M/s Muniff Ziauddin & Co., Chartered Accountants”.

Mr. Latif is a second generation Chartered Accountant and son of a well- known practicing chartered accountant, Mr. M.T.K Rehmani (Late) – who practiced under the name & style of “M/s Rehmani & Co., Chartered Accountants”.

Mr. Latif has more than 15 years of varied professional experience in areas of public financial management, tax planning, business advisory, corporate finance and corporate affairs. He is a Council Member since 2017. He had earlier also served as an Elected Member of the Northern Regional Committee of ICAP for two consecutive four-year terms (2009-2013 & 2013-2017) and as Chairman of various ICAP Committees. He has also served as President of Pakistan Institute of Public Finance Accountants – PIPFA. PR

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