{"id":200,"date":"2019-01-14T11:37:52","date_gmt":"2019-01-14T11:37:52","guid":{"rendered":"http:\/\/localhost\/icap2019\/?page_id=200"},"modified":"2026-05-20T10:50:54","modified_gmt":"2026-05-20T10:50:54","slug":"open-book-examination","status":"publish","type":"page","link":"https:\/\/staging.icap.org.pk\/icap\/students\/examination\/important-notices\/open-book-examination\/","title":{"rendered":"Open Book Examination"},"content":{"rendered":"

Examinees shall be permitted to carry\/access books in certain examinations as specified below:<\/p>\n\n\n\n\n\n\n\n\n\n\n\n
Paper<\/strong><\/td>\nPermitted Book<\/strong><\/td>\n<\/tr>\n
CFAP-1 Advanced Corporate Reporting<\/td>\n\n Handbook of International Financial Reporting Standards and ICAP Code of Ethics for Chartered Accountants (Revised 2024).\n <\/td>\n<\/tr>\n
CFAP-2 Corporate Laws and Governance<\/td>\n\n
    \n
  • Anti-Money Laundering Act, 2010<\/li>\n
  • Anti-Money Laundering and Countering Financing of Terrorism Regulations, 2020 issued by the Securities and Exchange Commission of Pakistan<\/li>\n
  • Companies (Distribution of Dividends) Regulations, 2017<\/li>\n
  • Companies (Further Issue of Shares) Regulations, 2020<\/li>\n
  • Companies Regulations, 2024<\/li>\n
  • Companies (Investment in Associated Companies or Associated Undertakings) Regulations, 2017<\/li>\n
  • Companies (Postal Ballot) Regulations, 2018<\/li>\n
  • Companies (Related Party Transactions & Maintenance of Related Records) Regulations, 2018<\/li>\n
  • Companies (Manner and Selection of Independent Directors) Regulations, 2018<\/li>\n
  • Companies Act, 2017<\/li>\n
  • Companies Ordinance, 1984<\/li>\n
  • Competition Act, 2010<\/li>\n
  • Corporate Restructuring Companies Act, 2016<\/li>\n
  • Corporate Restructuring Companies Rules, 2019<\/li>\n
  • Employees Contributory Fund (Investment in Listed Securities) Regulations, 2018<\/li>\n
  • Foreign Exchange Manual of State Bank of Pakistan<\/li>\n
  • Islamabad Capital Territory Trust Act, 2020<\/li>\n
  • ICAP Code of Ethics for Chartered Accountants (as prescribed from time to time with current version being Revised 2024)<\/li>\n
  • Insurance Ordinance, 2000<\/li>\n
  • Listed Companies (Buy-Back of Shares) Regulations, 2019<\/li>\n
  • Listed Companies (Code of Corporate Governance) Regulations, 2019<\/li>\n
  • Listed Companies (Substantial Acquisition of voting shares and Takeovers) Regulations, 2017<\/li>\n
  • NBFC (Establishment and Regulation) Rules 2003<\/li>\n
  • Pakistan Stock Exchange Rule Book<\/li>\n
  • Payment System and Electronic Fund Transfer Act, 2007<\/li>\n
  • Private Placement of Securities Rules, 2017<\/li>\n
  • Public Offering Regulations, 2017<\/li>\n
  • Public Sector Companies (Corporate Governance) Rules, 2013<\/li>\n
  • Securities Act, 2015<\/li>\n
  • State Owned Enterprises (Governance and Operations) Act, 2023<\/li>\n
  • The Banking Companies Ordinance, 1962<\/li>\n
  • The Non-Banking Finance Companies and Notified Entities Regulations, 2008<\/li>\n<\/ul>\n<\/td>\n<\/tr>\n
<\/td>\n\n **Note: Hard copies of the books will not be permitted in the examination hall. Link to digital versions of the Bare Acts will be provided in the examination software.\n <\/td>\n<\/tr>\n
CFAP-3 Sustainability Reporting and Assurance<\/td>\n\n

Digital access to the links of the following standards will be granted during the examination: <\/p>\n

    \n
  • IFRS S1 \u2013 General Requirements for Disclosure of Sustainability-related Financial Information<\/li>\n
  • IFRS S2 \u2013 Climate-related Disclosures<\/li>\n
  • International Standard on Sustainability Assurance (ISSA) 5000 \u2013 General Requirements for Sustainability Assurance Engagements<\/li>\n
  • The examinable Sustainability Accounting Standards Board (SASB) Standards<\/li>\n
  • International Ethics Standards for Sustainability Assurance<\/li>\n<\/ul>\n<\/td>\n<\/tr>\n
CFAP-4 Strategic Business Finance<\/td>\nFormula sheets will be provided by the Institute.<\/td>\n<\/tr>\n
CFAP-5 Tax Practices and Planning<\/td>\n\n
    \n
  • Income Tax Ordinance, 2001 and related rules<\/li>\n
  • Sales Tax Act, 1990 and related rules<\/li>\n
  • The Provincial Sales Tax Acts<\/li>\n
  • The Islamabad Capital Territory (Tax on Services) Ordinance, 2001<\/li>\n
  • Federal Excise Act, 2005 and related rules<\/li>\n
  • ICAP Code of Ethics for Chartered Accountants (as prescribed from time to time with the current version being the Revised 2024 edition)<\/li>\n<\/ul>\n<\/td>\n<\/tr>\n
<\/td>\n\n **Note: Hard copies of the books will not be permitted in the examination hall. Link to digital versions of the Bare Acts will be provided in the examination software.\n <\/td>\n<\/tr>\n
CFAP-6 Audit, Assurance and Data<\/td>\n\n Handbook of International Auditing and Assurance Pronouncements and ICAP Code of Ethics for Chartered Accountants (as prescribed from time to time with the current version being the Revised 2024 edition).\n <\/td>\n<\/tr>\n
Strategic Case Study<\/td>\n\n Pre \u2013 Seen material, any written or printed notes, printed annotated documents, and any three books, subject to space limitations in the exam hall.\n <\/td>\n<\/tr>\n<\/table>\n\n\n\n\n\n
(ii)<\/strong><\/td>\nOnly original books duly bound shall be permitted, where applicable.<\/td>\n<\/tr>\n
(iii)<\/strong><\/td>\nExaminees shall be permitted to highlight or underline the text in the permitted books.<\/td>\n<\/tr>\n
(iv)<\/strong><\/td>\nAny decision taken by the Institute regarding permission to carry a book in the examinations shall be final.<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n","protected":false},"excerpt":{"rendered":"

Examinees shall be permitted to carry\/access books in certain examinations as specified below: Paper Permitted Book CFAP-1 Advanced Corporate Reporting Handbook of International Financial Reporting Standards and ICAP Code of Ethics for Chartered Accountants (Revised 2024). CFAP-2 Corporate Laws and Governance Anti-Money Laundering Act, 2010 Anti-Money Laundering and Countering Financing of Terrorism Regulations, 2020 issued […]<\/p>\n","protected":false},"author":1,"featured_media":0,"parent":548,"menu_order":3,"comment_status":"closed","ping_status":"closed","template":"","meta":{"footnotes":"","_links_to":"","_links_to_target":""},"class_list":["post-200","page","type-page","status-publish","hentry","entry"],"_links":{"self":[{"href":"https:\/\/staging.icap.org.pk\/icap\/wp-json\/wp\/v2\/pages\/200","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/staging.icap.org.pk\/icap\/wp-json\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/staging.icap.org.pk\/icap\/wp-json\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/staging.icap.org.pk\/icap\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/staging.icap.org.pk\/icap\/wp-json\/wp\/v2\/comments?post=200"}],"version-history":[{"count":19,"href":"https:\/\/staging.icap.org.pk\/icap\/wp-json\/wp\/v2\/pages\/200\/revisions"}],"predecessor-version":[{"id":12289,"href":"https:\/\/staging.icap.org.pk\/icap\/wp-json\/wp\/v2\/pages\/200\/revisions\/12289"}],"up":[{"embeddable":true,"href":"https:\/\/staging.icap.org.pk\/icap\/wp-json\/wp\/v2\/pages\/548"}],"wp:attachment":[{"href":"https:\/\/staging.icap.org.pk\/icap\/wp-json\/wp\/v2\/media?parent=200"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}