The Institute of Chartered Accountant of Pakistan (ICAP) was established on 01 July 1961 with the prime objective of regulating the profession of accounting in Pakistan. ICAP offers great services to the nation by fostering and nurturing the young talent for leadership through its robust education and examination system throughout the years producing high calibre professionals.
In addition to this, ICAP plays its role in strengthening the regulatory framework in Pakistan through working in cooperation with important policy making institutions and regulators including the State Bank of Pakistan, the Securities and Exchange Commission of Pakistan, the Federal Board of Revenue and other Ministries.
The Institute is governed under the leadership and guidance of the elected Office Bearers, which include the President and the Vice Presidents’ for North and South. The Officer Bearers along with the elected Council Members of ICAP provide the strategic direction for the institute. Management and day to day running of the Institute is the responsibility of the Secretary who is appointed by the Council of the Institute.
At ICAP various scholarships and financial assistance programs are available because we believe in widening access to the CA profession. Till date thousands of financially deserving and academically bright students from all corners of Pakistan have been bestowed with scholarships and assistance programs so that they keep pursing their CA Education without any financial worry.
The Government of Pakistan adopted the Auditors’ Certificate Rules, 1932 and the Companies Act of 1913 for regulating the profession of accountancy in the country.
CA qualification is recognized by other accountancy bodies of international repute paving way for all members as well as aspiring Chartered Accountants for their global reach.
At ICAP various scholarships and financial assistance programs are available because we believe in widening access to the CA profession. Till date thousands of financially deserving and academically bright students from all corners of Pakistan have been bestowed with scholarships and assistance programs so that they keep pursing their CA Education without any financial worry.
ICAP provides its students with detailed and robust studying material to help them in their learning and development. The course material includes syllabus, study packs with answers and other resources which can help students achieve their dream of being a CA.
This section will provide you all information that you need to know about examinations as an ICAP student, from exam schedule to announcement of your result.
At ICAP various scholarships and financial assistance programs are available because we believe in widening access to the CA profession. Till date thousands of financially deserving and academically bright students from all corners of Pakistan have been bestowed with scholarships and assistance programs so that they keep pursing their CA Education without any financial worry.
ICAP is proud to be associated with the best training organisations both inside and outside practice to provide an experience and learning opportunity to the future finance leaders. High quality learning and leadership development during the training years of a CA student have been the hallmark of ICAP’s reputation and the success of its members all over the world.
This section lets you know the details of examination fees along with list of authorized bank branches where fees can be deposited. It will also give you access for online submission of all types of fees and forms.
Chartered Accountancy is a prime finance and accountancy qualification which is a hallmark of professional excellence. ICAP’s Chartered Accountants are recognised locally as well as internationally for their knowledge, professional excellence and integrity.
All ICAP Members excepting Life Members are required to renew their membership every year. Annually members are also required to submit their CPD declaration online and update particulars.
The annual Membership fee is due on July 1 and payable by August 31, every year.
Members should ensure that their Membership fee is paid on time so that they continue to enjoy the membership benefits.
As a Member of the Institute you are required to maintain the highest professional standards by conscientiously adhering to the values of the Chartered Accountants Code of Ethics and following the requirements of the Chartered Accountants Ordinance, 1961, Byelaws 1983 and the Directives given in the ‘Members Handbook’ referred to as ‘the Red Book’.
As the accountancy profession is dynamically evolving with time, you as Members are required to keep abreast with change through your Continued Professional Development (CPD).
The ICAP membership opens up an avenue of opportunities for your professional growth, career development and progression. We tend to keep our members up-to-date with the global changes impacting the Profession which include updates, guidance and response to technical queries.
The ICAP membership gives you an esteemed professional designation, recognized internationally in various jurisdictions. So stay connected as a Member and enjoy the privileges.
A member will be removed due to non-payment of membership fee. Further, a member may be removed or suspended as a consequence of disciplinary proceedings against him / her.
As a member of the Institute of Chartered Accountants of Pakistan you need to comply with the requirements of the Chartered Accountants Ordinance 1961, Bye laws 1983, the Council Directives and the ICAP Code of Ethics for Chartered Accountants. In case of non- compliance disciplinary proceedings will be initiated under the provisions of the Chartered Accountants Ordinance 1961.
ICAP with its growing membership has members all over the world working as professional accountants in business and practice. We connect with them through the Overseas Chapters, the ‘Professional Accountants in Business (PAIB) Committee’ and the ‘CA Women Committee (CAWC)’.
ICAP wants to see its Members placed in the best positions, creating value for the economy and attaining self-satisfaction. The Institute provides Career Support in the form mentoring and listing latest job openings on the website and other platforms.
Membership – ICAP members enjoy a prominent and highly respected place among professionals. This is due to excellence in academia, rigorous on job training and their diversified presence in various economic sectors.
The Instiute has decided to recognize its capable students who have completed the required practical training and passed a significant part of advanced stage of CA qualification by awarding them the ‘Professional Accounting Affiliate’ status.
QCR Program is an essential part of the Institute’s regulatory framework, established to develop and maintain compliance of professional standards amongst the firms engaged in the audit of limited companies particularly listed entities, as the Code of Corporate Governance requires that a satisfactory QCR rating is mandatory for CA firms to conduct audit of listed and economically significant companies.
The primary objective of the QCR process is to monitor the compliance by audit firms with appropriate levels of professional standards in the performance of the audit function. The secondary objective is to provide guidance to practitioners to assist them to improve their standards.
QCR Program is a key part of the Institute’s regulatory framework, established to develop and maintain compliance of professional standards amongst the firms engaged in the audit of limited companies particularly listed entities.
RAETs - The network of Registered Accounting Education Tutors (RAETs) across the country provide a strong base to Chartered Accountancy education. At ICAP we ensure that students who chose to join any RAET get first class standards to succeed in their examinations and other conquests as CA professionals.
RASSs – Registered Accounting School Systems. ICAP have leveraged on the outreach of school systems by partnering with institutions that provide quality education from initial stages to CA education.
Presentation and Communication Skills course is designed to enrich the quality of Chartered Accountants as professionals and equip them with the necessary soft skills that would set them apart from other professionals.
Higher Education Institutions (HEIs) all over Pakistan are collaborating with ICAP to bridge the gap between university education and CA qualification. The graduate scheme of entry provides students with flexibility who aim to become Chartered Accountants after their degrees. ICAP also collaborates with HEIs in many other ways to create synergies in learning and share knowledge with expertise.
ICAP is cognizant of the support that Learning Providers extend to students in helping them through their studies as a tuition provider. Under the platform, Learning Providers which include Registered Accounting Education Tutors and Registered Accounting School Systems offer learning guidance and examination preparation support at all levels of the CA qualification.
The ICAP publishes two publications to keep members up to date with all the developments happening in the Institute. Read the bi-monthly Newsletters, share articles written by subject matter experts and members by downloading our quarterly magazine The Pakistan Accountant or browse through the Institute’s Annual Reports.
The Institute of Chartered Accountants of Pakistan maintains a robust resource library to assist those who visit our site with learning more about the happenings at the Institute, review the CPD Calendar, be informed about upcoming events, read blogs shared by other members or download ICAP Publications
Note: The syllabus and related guidelines for Autumn 2020 exams are being updated as per the decisions of the Institute stand today. We all understand that since the situation is evolving on a daily basis, it requires immediate decisions and actions on the part of the Institute. Therefore, the teachers and students are advised to remain connected with the Institute’s official Facebook page and website to get reliable information about the examinations and scope of studies.
SCOPE OF STUDIES
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Syllabi of CAF New
CAF Examinable Editions New
Specific Guidance of CAF Examination and Study Material New
CAF General Examination Guidance
Location Wise Study Material Hardbound Availability
Guidelines for Distribution of CAF, CFAP and MSA Study Material New
