About CA

About CA Pakistan

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(Here is the complete information about CA Pakistan. Now you can be fully aware of what CA is, and what is the procedure to join CA. But if still you have any Question, Feel Free to Contact Us)

First of All we should know that:

WHAT IS CHARTERED ACCOUNTANCY

Chartered Accountancy is one of those fields that have evolved significantly over a period of short time and changed its scope from just accountancy to a lot more so as to offer jobs to individuals in diverse field like auditing, business advisory, managerial posts, key finance positions, risk managers, tax consultants, company secretaries etc. The field offers a lot of career opportunities and chances for further growth in other related fields.

It is highly probable that most of the company secretaries, CFOs, CEOs, managers, corporate tax consultants, company directors, internal auditors and bankers holding high positions that you see around you are Chartered Accountants. All external auditors (AUDITORS are individuals who inspect the annual or semi annual financial reports issued by companies, NGOs, etc. and certify to the correctness of information presented in them) are, by provision of law, Chartered Accountants in Pakistan. Auditors of government entities of Pakistan are not necessarily CAs. They are individuals who pass the competitive exams necessary for posting in a government institute and may just have a B.Com background. Government auditors work under the instructions of Auditor General of Pakistan (AGP) and Accountant General Pakistan Revenues (AGPR).

Course Details

FULL TIME COURSES  |  PROFESSIONAL CERTIFICATION COURSES

Duration:  5 Years Course  |  Intake: Dec, Mar, June & Sep  |  Eligibility: Intermediate & A levels

Chartered Accountants are recognized as the only professionals to be appointed as Auditor of limited companies & eligible to be appointed as Chief Financial Officer (CFO), Head of Internal Audit & Company Secretary etc.
About 25% of the Chartered Accountants are working in more than 40 Countries Globally at higher management position.
While the prime objective of ICAP is to regulate the Profession of Accountancy in Pakistan, the main objects of the Institute are:
To advance the theory and practice of Accountancy in all its aspects including auditing, financial management, taxation and management consultancy.
To maintain high standards of professional conduct and ethics by all its members and students.
To conduct examinations of candidates for enrollment of members.
To induct & educate students and to provide continuing professional education to members in auditing, financial management, taxation and management consultancy skills.
Salient Features of Level Scheme
Modular structure prevalent in the CA curriculum is being transformed into a package of 4 tiers of CA qualification.
All the stages of qualification are now stand-alone.
The successful students of any stage will be allowed to use the corresponding designation.
Each certification has its market recognition and will open the avenues for various employment ventures.
Considering the modern testing methodology computer based examination (CBEs) at AFC stage is introduced for students.
Study material is aligned with the examination structure and to the learning outcome that will ensure the development of professional knowledge, skills and competencies in the candidates.

  Paper Structure

There are 4 Tiers/Levels of CA Qualification
4 papers in Level 1 (AFC)
9 Papers in Level 2 (CAF)
6 Papers in Level 3 (CFAP)
2 Papers in Level 4 (MSA)
CBEs are held after every 6 months i.e. in March and September
Module A to D = Certificate in Accounting and Finance (CAF)
Module E & F = Certified Finance & Accounting professional (CFAP)
CFAP +2 multi paper assessments = CHARTERED ACCOUNTANT

Eligibility

The entry stream to this course will be as follows:
Candidates who have HSSC with minimum 50% marks, ‘A’ Level with minimum two passes, or equivalent qualification & graduates with minimum 45% marks.
Students meet the above criteria can enter the first level (AFC) after registration

Level of Accomplishment

MID-TIER QUALIFICATIONS
The Institute offers two standalone mid-tier qualifications. These qualifications reflect the logical progression from a comprehension level to decision making position.

ASSESSMENT OF FUNDAMENTAL COMPETENCIES (AFC)

AFC-1 Functional English
AFC-2 Business Communication
AFC-3 Quantitative Techniques
AFC-4 Introduction to Information Technology

CERTIFICATE IN ACCOUNTING AND FINANCE (CAF)

CAF-1 Introduction to Accounting
CAF-2 Introduction to Economics and Finance
CAF-3 Business Law
CAF-4 Business Management & Behavioral Studies
CAF-5 Financial Accounting and Reporting – I
CAF-6 Principles of Taxation
CAF-7 Financial Accounting and Reporting – II
CAF-8 Cost and Management Accounting
CAF-9 Audit and Assurance

CERTIFIED FINANCE AND ACCOUNTING PROFESSIONAL (CFAP)

CFAP-1 Advanced Accounting and Finance Reporting
CFAP-2 Corporate Laws
CFAP-3 Business Management and StrategyCFAP-4 Business Finance Decisions
CFAP-5 Advanced Taxation
CFAP-6 Audit, Assurance and Related Services

MULTI SUBJECT ASSESSMENTS (MSA)

MSA -1 Financial Reporting Professional Competence
MSA -2 Audit Professional Competence
After completing the above qualifications and fulfilling the practical training requirement the candidate becomes eligible for the membership of the Institute.
At ICAP we believe everyone has the competence to be a chartered accountant; we accommodate students from diverse educational backgrounds and help them actualize their potential.

To facilitate your desire for success the Institute has designed streams accordingly, keeping in view different levels of education, skills sets and learning ability.

Exemptions

S	For Brilliant and Talented Students
Stage	4 years Graduates  from SDAI	4 year graduate    from non-SDAI	2 years Graduates	HSSC	A-Levels

AFC	Exemption from all papers of AFC without any other condition	Exemptions from all papers of AFC Minimum 65% marks in aggregate 80% marks or equivalent grades in relevant subject Syllabus matches at least 70% with the prescribed syllabus of relevant subject.	Exemption from all papers of AFC Minimum 60% marks in aggregate 75% marks or equivalent grades in relevant subject Syllabus matches at least 70% with the prescribed syllabus of relevant subject	Exemption from all papers of AFC Minimum 70% marks in aggregate 75% marks or equivalent grades in relevant subject Syllabus matches at least 70% with the prescribed syllabus of relevant subject	Exemption from all papers of AFC Minimum two B grades B grade in relevant subject Syllabus matches at least 70% with the prescribed syllabus of relevant subject
CAF	Exeption from all subject of CAF Minimum 70% marks or equivalent grades in relevant subjects Syllabus matches at least 70% with the prescribed syllabus of relevant subject	Exemption from CAF – 1 to 4 Minimum 65% marks in aggregate 80 marks or equivalent grades in relevant subject Syllabus matches at least 70% with the prescribed syllabus of relevant subject	Exemption from CAF-1 introducation to accounting CAF-2 introduction economics and finance Minimum 60% marks in aggregate 70% marks or equivalent grades in relevant subject Syllabus matches at least 70% with the prescribed syllabus of relevant subject	Exemption from CAF-1 introduction to accounting CAF-2 introduction economics and finance Minimum 70% marks in aggregate 70% marks or equivalent grades in relevant subject Syllabus matches at least 70% with the prescribed syllabus of relevant subject	Exemption from CAF-1 introduction to accounting CAF-2 introduction economics and finance Minimum two B grades B grade in relevant subject Syllabus matches at least 70% with the prescribed syllabus of relevant subject

ACCA:   AFC-1, AFC-3, CAF-1, CAF-5, CAF-6, CAF-7, CAF-8

PIPFA:   AFC1, AFC-2, AFC-3, AFC-4, CAF-1, CAF2, CAF-3

CIMA: AFC-1, AFC-3, CAF-1, CAF-2, CAF-5, CAF-7, CAF-8

ICMAP: All papers of AFC and CAF