Seminar: ACCA, SECP promote corporatization

SECP Chairman stresses need for facilitating corporatisation as only 2% of total businesses are registered in Pakistan

LAHORE: The Association of Chartered Certified Accountants (ACCA) has launched a campaign ‘Accountants for Small Business’ globally that emphasises the importance of business formalisation in emerging and frontier markets as a driver of economic development.

In this connection, ACCA Pakistan and the Securities and Exchange Commission of Pakistan (SECP) held a seminar on ‘Promoting Corporatisation’.

Head of ACCA Lahore Haroon A Jan said ACCA and SECP are natural allies on the agenda of corporatisation and formalisation helps governments achieve predictable revenues and the accounting profession is the natural route to it.

“We believe that it is our responsibility to safeguard the interest of accountants that become entrepreneurs and run or join SMEs.

Communicating the benefits of corporatisation to SMEs will do exactly that,” he said.

SECP Chairman Muhammad Ali stressed the need for facilitating corporatisation as only 2% of total businesses are registered in Pakistan.

Published in The Express Tribune, March 27^th, 2013.

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