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Mr. Mohammad Iqbal Ghori is a professionally authentic think-tank and a
dynamic leader who has a tremendous working expertise based upon more
than 25 years of diversified experience at various high-profile leading positions
both at public and private sectors. Regarded as dynamic, visionary and mission
oriented personality along with endless passion to take on innumerable
challenges in his field, Mr. Mohammad Iqbal Ghori is dedicated to take the
profession of management accountancy to greater heights globally by taking
genuinely valid initiatives.
INITIATIVES AND ACHIEVEMENTS IN ICMAP
Being a dedicated professional Mr. Mohammad Iqbal Ghori introduced multiple
applicable ideas and built strong links with the academia which elevated the
areas of education, examination, research and governance of the institution
in addition to ensuring its progress and advancement both locally and
internationally. Remarkable and significant initiatives which not only
strengthened the roots of management accountancy but also helped to achieve
re-glorification of the institution have been taken in different areas, most of
which are for first time in half a century long history of the institute. Some of
these initiatives are summarized below:
Global and Regional Recognition
• Concluded MRAs with CIMA-UK, ICAE&W-UK, CPA Ireland and CPA Australia for exemptions to ICMAP members
• First-ever international event of ICMAP organized in Dubai – Global Management Accountants Conference (GMAC)
• Laid foundation of a ‘Global Forum of Management Accountants (GFOMA) with support of ICMASL, ICAI and ICMAB
• SAFA appointed as Chairman of its Committee on Governmental and Public Sector Enterprises Accounting (GPSEA)
• Member of CAPA Committee on Public Sector Financial Management Committee (PSFMC)
• SAFA Board approved my proposal on developing a ‘SAFA Index on Public Financial Management (PFM)
• Initiated Conference on Public Financial Reporting in Sri Lanka under SAFA Platform
• SAFA International Conference organized at Islamabad where the President of Pakistan was Chief Guest
Good Governance Initiatives
• Good Governance initiatives and Secretariat’s re-structuring and empowerment
• Delegation of President’s and NC powers to Executive Director, Directors and Regional Incharges
• Empowerment of Secretariat for independent and efficient working
• Executive Director given powers to make appointments upto the position of Deputy Directors
• Executive Directors given powers of transfers and postings of Staff without influence of Council
• Development of KPIs of Directorates for better accountability
• Performance-oriented culture and merit-based in-house promotions of staff and officers
• Transparent recruitment of Directors without the influence of office-bearers
• National Council restricted to focus and take decisions on policy matters only.
• Increase in frequency of meetings of National Council to take quick decisions for operational efficiency
PROFILE AND ACHIEVEMENTS OF
MOHAMMAD IQBAL GHORI, FCMA
PROFILE AND ACHIEVEMENTS OF
MOHAMMAD IQBAL GHORI, FCMA
Revamping Examination System –
Initiatives as Vice President & Chairman Examination Committee
• In-house marking of papers for ensuring integrity
• Double marking of answer scripts for quality assessment
• Web-based question-wise e-marks sheets
• Computer Based Examinations (CBE)
• Examinees provided access to review their answer scripts to ensure transparency
• Adoption of technology to curtail processing time in assessment and result announcement
• Announcement of exam results in record time of less than 30 days
Improving Education Quality – Initiatives as Chairman Education Committee
• New Syllabus 2016 launched in line with IFAC’s Education Guidelines and global benchmarks
• New Course on Cost accounting Records & Audit introduced in Syllabus
• Open Book Assessment (OBA) in two courses to ensure timely course completion
• Capstone project to provide industry exposure and develop research skills in students
• Mentorship and Role Model program for leadership development in students
• ICMAP’s Practical Training Scheme (IPTS) for long term learning of students
• CMA Business Challenges program for developing inter-personal skills in students
Revitalizing Research – Initiatives as Chairman Research &Publications Committee
• Improvement in Quality and Presentation of Management Accountant Journal and using it for branding ICMAP
• First International Research Symposium organized at Lahore with endorsement of leading Universities
• First issue of ‘ICMAP Rese arch Journal’ launched after getting ISSN from Geneva
• MoUs signed with 17 HEC-recognized Universities for Research, Development & Innovation (RDI)
• Online Surveys conducted on different professional and economic issues and reports published in MA Journal
• First time translation of MA Journal in Chinese in wake of ICMAP’s Role in CPEC
• Technical Session on ‘Research Paper Writing Skills and Techniques’ for members
• Pre-budget proposals developed and submitted to FBR and other stakeholders
• Two Budget Seminars organized at Faisalabad where R&P Pre-budget booklets were launched
Members Professional Ethics & Development
• Adopted and implemented IFAC Code of Ethics
• Adopted and implemented NOCLAR issued by IESBA
• Ensured adoption of SMO Compliance Program of IFAC at the Institute
• Launched Certification Programs on Oracle, Financial Reporting, Cost Management, Taxation etc
• Launched IPSAS Certification in Pakistan
• CMA Job Portal to facilitate members in job placements
• Business Incubators and ICMAP Registered Entrepreneurship Centre Schemes for members
Branding and Promotion Initiatives
• Exclusive social media campaign for Institute’s branding
• Corporate Branding Advertisements published in newspapers and hosted on social media
• MoU signed with Shahid Afridi Foundation was a unique branding initiative given exclusive coverage in electronic media
• Management Accountant Journal used as a branding medium is sent complimentary to government & corporate sector
• MoUs with Corporate Sector and Top Universities in Pakistan
• Building and consolidating productive relationships with academia and industry
Advocacy for CMA Profession and ICMA Pakistan – Initiatives as Chief Spokesman of Institute
• Worked as ‘Brand Ambassador’ of the Institute at national and international level
• Strong advocacy for the rights of CMAs through continuous engagement of regulators
• Raised voice at different forums against the monopolistic audit rights of ICAP and the biasness of SECP
• Strongly advocated for forming an independent ‘Financial Reporting Council (FRC) in Pakistan
• Forcefully espoused the cause of CMAs in different meetings with government, including President of Pakistan
• Engaged the regulators in continued consultations on draft legislations to incorporate CMAs interests
• Productive meetings with the Senate Committee on Finance at Islamabad on Companies Bill and Audit Profession
• Milestone achievement in getting financial audit rights for CMAs included in Companies Act 2017
• Success in getting special audit rights for CMAs through Finance Act 2015
• Interaction with the World Bank team on the role of ICMAP and weaknesses in audit regulatory framework
• Roundtable Focus Group Session with the SECP on Companies Bill
• Challenging the foreign accounting bodies to award FCMA/ACMA degrees in Pakistan by issuing newspaper alert
• Strong stance on Draft Listed Companies CG Regulations 2017 whereby audit profession open to foreign qualification
• Stakeholders’ Conferences to engage members, industry and professionals on support for CMA rights in draft legislations
• CMA advocacy through government engagement in Institute’s programs and events
• Published articles in newspapers on regular basis on audit profession, role of CMAs and other professional topics
BRIEF PROFILE
Positions at ICMAP
• Vice President [2015]
• President [2016 & 2017]
• Chairman, Research and Publications Committee [2015-17]
• Chairman, Corporate Governance Advisory Board (CGAB)
• Chairman, Cost Accounting Standards Board (CASB)
• Chief Editor, Management Accountant Journal
• Chief Editor, ICMAP Research Journal
Positions at International Bodies
• Chairman, SAFA Committee on Government and Public Sector Enterprises Accounting
• Chief Editor of ICMAP Research Journal and Management Accountant Journal
• Member Policy Board of Auditor General of Pakistan (AGP)
Previous Positions held
• Director Strategic Planning Sadaqat Limited
• CFO /Financial Director FESCO
• Director General PEPCO
VISION AND FUTURE PROSPECTS
• Establishment of a Global forum for Management accountant while ensuring ICMAP remains at the leading role.
• Securing Equivalent Audit rights in Pakistan and foster the Cost Audit not only in Pakistan but world at large.
• Elevating accounting and auditing profession in Pakistan by pushing the current limits of it and challenging SECP on
feeble areas while at the same time being a proactive advocator for the establishment of Financial Reporting Council.
• Zero tolerance policy at maintaining high standards for the quality and transparency of the Examination
• Bringing purpose oriented and value adding smart solutions to the institution.

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Mohammad Iqbal Ghori

  • 1. Mr. Mohammad Iqbal Ghori is a professionally authentic think-tank and a dynamic leader who has a tremendous working expertise based upon more than 25 years of diversified experience at various high-profile leading positions both at public and private sectors. Regarded as dynamic, visionary and mission oriented personality along with endless passion to take on innumerable challenges in his field, Mr. Mohammad Iqbal Ghori is dedicated to take the profession of management accountancy to greater heights globally by taking genuinely valid initiatives. INITIATIVES AND ACHIEVEMENTS IN ICMAP Being a dedicated professional Mr. Mohammad Iqbal Ghori introduced multiple applicable ideas and built strong links with the academia which elevated the areas of education, examination, research and governance of the institution in addition to ensuring its progress and advancement both locally and internationally. Remarkable and significant initiatives which not only strengthened the roots of management accountancy but also helped to achieve re-glorification of the institution have been taken in different areas, most of which are for first time in half a century long history of the institute. Some of these initiatives are summarized below: Global and Regional Recognition • Concluded MRAs with CIMA-UK, ICAE&W-UK, CPA Ireland and CPA Australia for exemptions to ICMAP members • First-ever international event of ICMAP organized in Dubai – Global Management Accountants Conference (GMAC) • Laid foundation of a ‘Global Forum of Management Accountants (GFOMA) with support of ICMASL, ICAI and ICMAB • SAFA appointed as Chairman of its Committee on Governmental and Public Sector Enterprises Accounting (GPSEA) • Member of CAPA Committee on Public Sector Financial Management Committee (PSFMC) • SAFA Board approved my proposal on developing a ‘SAFA Index on Public Financial Management (PFM) • Initiated Conference on Public Financial Reporting in Sri Lanka under SAFA Platform • SAFA International Conference organized at Islamabad where the President of Pakistan was Chief Guest Good Governance Initiatives • Good Governance initiatives and Secretariat’s re-structuring and empowerment • Delegation of President’s and NC powers to Executive Director, Directors and Regional Incharges • Empowerment of Secretariat for independent and efficient working • Executive Director given powers to make appointments upto the position of Deputy Directors • Executive Directors given powers of transfers and postings of Staff without influence of Council • Development of KPIs of Directorates for better accountability • Performance-oriented culture and merit-based in-house promotions of staff and officers • Transparent recruitment of Directors without the influence of office-bearers • National Council restricted to focus and take decisions on policy matters only. • Increase in frequency of meetings of National Council to take quick decisions for operational efficiency PROFILE AND ACHIEVEMENTS OF MOHAMMAD IQBAL GHORI, FCMA PROFILE AND ACHIEVEMENTS OF MOHAMMAD IQBAL GHORI, FCMA
  • 2. Revamping Examination System – Initiatives as Vice President & Chairman Examination Committee • In-house marking of papers for ensuring integrity • Double marking of answer scripts for quality assessment • Web-based question-wise e-marks sheets • Computer Based Examinations (CBE) • Examinees provided access to review their answer scripts to ensure transparency • Adoption of technology to curtail processing time in assessment and result announcement • Announcement of exam results in record time of less than 30 days Improving Education Quality – Initiatives as Chairman Education Committee • New Syllabus 2016 launched in line with IFAC’s Education Guidelines and global benchmarks • New Course on Cost accounting Records & Audit introduced in Syllabus • Open Book Assessment (OBA) in two courses to ensure timely course completion • Capstone project to provide industry exposure and develop research skills in students • Mentorship and Role Model program for leadership development in students • ICMAP’s Practical Training Scheme (IPTS) for long term learning of students • CMA Business Challenges program for developing inter-personal skills in students Revitalizing Research – Initiatives as Chairman Research &Publications Committee • Improvement in Quality and Presentation of Management Accountant Journal and using it for branding ICMAP • First International Research Symposium organized at Lahore with endorsement of leading Universities • First issue of ‘ICMAP Rese arch Journal’ launched after getting ISSN from Geneva • MoUs signed with 17 HEC-recognized Universities for Research, Development & Innovation (RDI) • Online Surveys conducted on different professional and economic issues and reports published in MA Journal • First time translation of MA Journal in Chinese in wake of ICMAP’s Role in CPEC • Technical Session on ‘Research Paper Writing Skills and Techniques’ for members • Pre-budget proposals developed and submitted to FBR and other stakeholders • Two Budget Seminars organized at Faisalabad where R&P Pre-budget booklets were launched Members Professional Ethics & Development • Adopted and implemented IFAC Code of Ethics • Adopted and implemented NOCLAR issued by IESBA • Ensured adoption of SMO Compliance Program of IFAC at the Institute • Launched Certification Programs on Oracle, Financial Reporting, Cost Management, Taxation etc • Launched IPSAS Certification in Pakistan • CMA Job Portal to facilitate members in job placements • Business Incubators and ICMAP Registered Entrepreneurship Centre Schemes for members Branding and Promotion Initiatives • Exclusive social media campaign for Institute’s branding • Corporate Branding Advertisements published in newspapers and hosted on social media • MoU signed with Shahid Afridi Foundation was a unique branding initiative given exclusive coverage in electronic media • Management Accountant Journal used as a branding medium is sent complimentary to government & corporate sector • MoUs with Corporate Sector and Top Universities in Pakistan • Building and consolidating productive relationships with academia and industry
  • 3. Advocacy for CMA Profession and ICMA Pakistan – Initiatives as Chief Spokesman of Institute • Worked as ‘Brand Ambassador’ of the Institute at national and international level • Strong advocacy for the rights of CMAs through continuous engagement of regulators • Raised voice at different forums against the monopolistic audit rights of ICAP and the biasness of SECP • Strongly advocated for forming an independent ‘Financial Reporting Council (FRC) in Pakistan • Forcefully espoused the cause of CMAs in different meetings with government, including President of Pakistan • Engaged the regulators in continued consultations on draft legislations to incorporate CMAs interests • Productive meetings with the Senate Committee on Finance at Islamabad on Companies Bill and Audit Profession • Milestone achievement in getting financial audit rights for CMAs included in Companies Act 2017 • Success in getting special audit rights for CMAs through Finance Act 2015 • Interaction with the World Bank team on the role of ICMAP and weaknesses in audit regulatory framework • Roundtable Focus Group Session with the SECP on Companies Bill • Challenging the foreign accounting bodies to award FCMA/ACMA degrees in Pakistan by issuing newspaper alert • Strong stance on Draft Listed Companies CG Regulations 2017 whereby audit profession open to foreign qualification • Stakeholders’ Conferences to engage members, industry and professionals on support for CMA rights in draft legislations • CMA advocacy through government engagement in Institute’s programs and events • Published articles in newspapers on regular basis on audit profession, role of CMAs and other professional topics BRIEF PROFILE Positions at ICMAP • Vice President [2015] • President [2016 & 2017] • Chairman, Research and Publications Committee [2015-17] • Chairman, Corporate Governance Advisory Board (CGAB) • Chairman, Cost Accounting Standards Board (CASB) • Chief Editor, Management Accountant Journal • Chief Editor, ICMAP Research Journal Positions at International Bodies • Chairman, SAFA Committee on Government and Public Sector Enterprises Accounting • Chief Editor of ICMAP Research Journal and Management Accountant Journal • Member Policy Board of Auditor General of Pakistan (AGP) Previous Positions held • Director Strategic Planning Sadaqat Limited • CFO /Financial Director FESCO • Director General PEPCO VISION AND FUTURE PROSPECTS • Establishment of a Global forum for Management accountant while ensuring ICMAP remains at the leading role. • Securing Equivalent Audit rights in Pakistan and foster the Cost Audit not only in Pakistan but world at large. • Elevating accounting and auditing profession in Pakistan by pushing the current limits of it and challenging SECP on feeble areas while at the same time being a proactive advocator for the establishment of Financial Reporting Council. • Zero tolerance policy at maintaining high standards for the quality and transparency of the Examination • Bringing purpose oriented and value adding smart solutions to the institution.