Institute of Chartered Accountants of Pakistan information
Pakistani professional accountancy organization
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Institute of Chartered Accountants of Pakistan
ادارہَ محاسبانِ منشوری ، پاکستان
Abbreviation
ICAP
Predecessor
Ministry of Commerce
Formation
July 1, 1961; 62 years ago (1961-07-01)
Legal status
Body corporate established under The Chartered Accountants Ordinance, 1961 that was promulgated by the President of Pakistan
International Federation of Accountants (IFAC), South Asian Federation of Accountants (SAFA)
Students
>approx. 75,000
Website
www.icap.org.pk
The Institute of Chartered Accountants of Pakistan (Urdu: ادارہَ محاسبانِ منشوری ، پاکستان, ICAP) is a professional accountancy body in Pakistan. It has over 10,000 members working locally and globally.[1][2] The institute was established on July 1, 1961 to regulate the profession of accountancy in Pakistan. It is a statutory autonomous body established under the Chartered Accountants Ordinance, 1961. With the significant growth in the profession, the CA Ordinance and By-Laws were revised in 1983.
The course of ICAP involves a blend of theoretical education and practical training which runs for a period of approximately 6 years and equips a student with knowledge, ability, skills and other qualities required of a professional accountant.
The course of CA by ICAP involves 4 stages named PRC, CAF, CFAP and MSA. PRC stage has 5 papers, CAF stage has 2 groups (group A and group B) 4 papers in group A and 4 papers in group B, CFAP stage has 6 papers and MSA stage has 2 papers but in-between after CAF stage there is a period of mandatory training.
The head office of the institute is in Clifton, Karachi where it has its own premises. The institute also has regional offices at Lahore, Islamabad, Peshawar, Multan, Gujranwala, Sukkur, Quetta, Mirpur, Faisalabad, Abbottabad and Hyderabad.[3]
^"Institute of Chartered Accountants of Pakistan". 2008-06-21. Archived from the original on 2008-06-21. Retrieved 2022-04-23.
^"Members – The Institute of Chartered Accountants of Pakistan". icap.org.pk. Retrieved 2022-02-28.
^"The Institute of Chartered Accountants of Pakistan » Communication with Institute". www.icap.org.pk. Retrieved 2016-03-17.
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