ICAP is a professional body of Chartered Accountants in Pakistan. The mission of ICAP is to achieve excellence in professional competence, add value to business and economy, safeguard public interest, ensure ethical practices and good corporate governance while recognizing the needs of glottalization.
To become a Chartered Accountant you must be committed, motivated and possess analytical skills, numerical ability, as well as global awareness of business and finance and personal qualities such as reliability and discretion.
Chartered Accountancy is a rewarding career and there are excellence prospects for employment within Pakistan and abroad. ICAP has worldwide contribution, with thousands of students joining every year, this prestigious national body (ICAP) feeds an average 300 qualified young professionals of yearly basis to the local and international markets.
Career Path way
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 and graduates with minimum 45% marks.
The current applicable routes to become a chartered accountant are:
Full Time Studies Scheme
- Candidates who have HSSC with minimum 50% marks, ‘A’ Levels with minimum two passes or equivalent qualification and graduates with minimum 45% marks. Students meet the above criteria can enter the first level (AFC) after registration
- Before entering into the professional exam candidates pass or obtain exemption from entrance test; Assessment of fundamental Competencies (AFC). A candidate may be provisionally registered for AFC exams as full-time student if result is awaited
- On successful completion of CAF, it is mandatory for the students to join an authorized training organization of the Institute for a prescribed period.
- The scheme is designed for university graduates who want to pursue CA qualification.
- Candidates who possess graduation or post-graduation degree with minimum 45% marks may directly register as a trainee after passing or obtaining exemption from AFC
- Candidates also have an option to commence training before passing AFC, but their training will be terminated if they do not pass AFC within one and a half year of training or within the maximum available attempts whichever comes earlier.
- During the training the candidate qualifies for the following stages:
- Certificate in Accounting and Finance (CAF)
- Certified Finance and Accounting Professional (CFAP)
- Multi Subject Assessments (MSA)
- Financial Reporting Professional Competence; and
- Audit professional competence.