MBA and PhD holders in Accounting and Finance of the PHU shall be entitled and admitted to the Associate Membership (AFA) and Fellow Membership (FFA) of the Institute of Forensic Accountants of Pakistan (IFAP) respectively. Similarly, The AFAs & FFAs of the Institute are qualified and entitled to get MBA & PHD of the PHU on the basis of Mutual Recognition Arrangement subject to payment of requisite/transfer fee. Mutual Recognition