Open Book Examination

Examinees shall be permitted to carry books in certain examinations as have been specified below:

PaperPermitted Book
CAF-7 Financial Accounting and Reporting – II Handbook of International Financial Reporting Standards
CFAP-1 Advanced Accounting and Financial Reporting Handbook of International Financial Reporting Standards
*CFAP-2 Corporate Laws
  • Anti-money Laundering Act, 2010
  • Anti-money Laundering Regulations, 2015
  • Central Depository Act, 1997
  • Listed Companies (Code of Corporate Governance) Regulations, 2019 and Public Sector Companies (Corporate Governance) Rules, 2013
  • Companies (Further Issue of Shares), Regulation 2018
  • Companies (Investment in Associated Companies or Associated Undertakings) Regulations, 2017
  • Companies (Postal Ballot) Regulations 2018
  • Companies Act, 2017
  • Companies Ordinance, 1984
  • Competition Act, 2010
  • Employees Contributory Fund (Investment in Listed Securities) Regulations 2018
  • Foreign Exchange Regulations Act, 1947 and Foreign Exchange Manual of State Bank of Pakistan
  • Insurance Ordinance, 2000
  • Listed Companies (Buy- Back of Shares) Regulations, 2019
  • Listed Companies (Prohibition of Insider Trading) Guidelines
  • Listed Companies (Substantial Acquisition of voting shares and Takeovers) Regulations, 2017
  • Modaraba Companies and Modaraba (Floatation and Control) Ordinance, 1980
  • Modaraba Companies and Modaraba Rules, 1981
  • NBFC (Establishment and Regulation) Rules 2003
  • Pakistan Stock Exchange Rule Book
  • Prudential Regulations for Corporate /Commercial Banking of SBP
  • Public Offering Regulations 2017
  • Securities Act 2015
  • The Banking Companies Ordinance, 1962
  • The Non-banking Finance Companies and Notified Entities Regulations, 2008

Explanation : Only the Original Bare Acts,  Rules and Regulations made thereunder shall be permitted
CFAP-4 Business Finance Decisions Any three books
* CFAP-5 Advanced Taxation
  • Income Tax Ordinance, 2001 and related rules
  • Sales Tax Act, 1990 and related rules
  • Federal Excise Act, 2005 and related rules
  • The Provincial Sales Tax Acts
  • The Islamabad Capital Territory (Tax on Services) Ordinance, 2001

Explanation : Only the Original Bare Acts and rules made thereunder shall be permitted
CFAP-6 Audit, Assurance and Related Services Handbook of International Auditing and Assurance Pronouncements and Code of Ethics for Chartered Accountants
MSA-1 Financial Reporting and Assurance Professional Any five books
MSA-2 Management Professional Competence Any five books
(ii) Only the original books duly bound shall be permitted.
(iii) Examinees shall be permitted to highlight or underline the text in the permitted books.
(iv) Any decision taken by the Institute regarding permission to carry a book in the examinations shall be final.
*297th meeting of the Council held on May 9,2018 and 221st Meeting of Examination Committee on October 26,2018