1. Accountancy as a Profession
GLOBAL SERVICE/ INDUSTRY
Accountancy as a Profession
AUDIT / TAX / ADVISORY / LINE OF BUSINESS
Masoud Naqvi, Senior Partner
KPMG Taseer Hadi & CO
Chartered Accountants
24 November 2007

2. ACCOUNTANCY AS A PROFESSION
Chartered Accountant ( ACA and FCA )
Certified Accountant ( ACCA, CPA )
Cost and Management Accountant (ACMA and FCMA )
Masters in Accounts

3. INSTITUTE OF CHARTERED ACCOUNTANTS OF PAKISTAN
ICAP is a monitoring and regulatory body
Education & Training
Examinations
Membership

4. WHAT IS CHARTERED ACCOUNTANCY

5. A Financial market qualification in Accounting
Study of how businesses track their income and assets over time

6. INTERNATIONAL RECOGNITION
ICAP is a member of:
International Federation of Accountants (IFAC),
International Accounting Standards Board (IASB),
Confederation of a Asian & Pacific Accountants (CAPA)
South Asian Federation of Accountants (SAFA).
ICAP’s scheme of study is fully compliant with the Rules & Regulations of:
International Accounting Standards
International Standards of Auditing
International Educational Standards(IES) of International Federation of Accountants(IFAC)

7. PAKISTANI CHARTERED ACCOUNTANTS

8. Y

9. BECOMING A CHARTERED ACCOUNTANT CAREER PROSPECTS
Rapid Growth
Business qualification
Highly rewarding
Top management
Private practice

10. HOW

11. PROFESSIONAL COURSE
The ICAP Education Scheme currently in operation is Modular in nature comprising of six modules known as:
Module A and B (Foundation)
Module C and D (Intermediate)
Module E and F (Final).

12. FOUNDATION EXAMINATION
Module - A MARKS
Paper A 1 Functional English
Paper A 2 Quantitative Methods
Paper A 3 Introduction to Economics and Finance 100
Module - B
Paper B 4 Introduction to Financial Accounting 100
Paper B 5 Mercantile Law
Paper B 6 Introduction to Information Technology 100

13. INTERMEDIATE EXAMINATION
Module - C MARKS
Paper C 7 Financial Accounting
Paper C 8 Taxation
Paper C 9 Business Com. & Behavioural Studies
Module - D
Paper D 10 Company Law
Paper D 11 Auditing
Paper D 12 Cost Accounting
Paper D 13 Information Technology

14. FINAL EXAMINATIONS Module – E Marks
Paper E 14 IT Management, Audit and Control
Paper E Ad. Accounting & Financial Reporting
Paper E Corporate Laws
Paper E 17 Business Management
Module - F
Paper F 18 Management Accounting
Paper F 19 Business Finance Decisions
Paper F 20 Advanced Taxation
Paper F Advanced Auditing

15. PROSPECTIVE FOUNDATION COURSE (PFC) SCHEME
Bachelor Degree Holders
Appear in PPT
* Min Second Division
PPT Exempt
* For First Division Holders
Study Privately for
Intermediate Examinations
Financial help
Training for 3 ½ yrs
+ Final Exams
CHARTERED ACCOUNTANT

16. DIRECT GRADUATE SCHEME Bachelor Degree Holders Bachelor Degree Holders
4 years Graduates
Bachelor Degree Holders
2-3 years Graduates
Pass PPT/ PPT Exempt
Pass PPT/ PPT Exempt
Training for 4 yrs +
Modules A-F
Training for 5 yrs +
Modules A-F
Chartered Accountant

17. POST GRADUATE TRAINEE SCHEME
Masters Degree Holders
(Min Second Div)
PPT Exempt
4 yrs Training
+ remaining papers not exempted
Chartered Accountant

18. EXEMPTIONS FROM PPT HSC with minimum Grade B (60% Mark)
A Levels with minimum two Cs
Bachelor Degree holders (1st division)
Post Graduates ( minimum 2nd division)

19. ELIGIBILITY FOR PPT Minimum 45% marks in HSC
Minimum two passes in A Levels
Graduates with 2nd Division or less
Post Graduates with less than 2nd Division
*Candidates are allowed to appear in PPT on awaiting result basis.

20. OPPORTUNITIES FOR QUALITY STUDENTS
2-3 years Graduates :
Exemptions from papers A1, A2 and B3
Obtain 70% marks overall
Minimum 60% marks in relevant paper (s)
Obtain 75% in relevant subjects of Module A
paper ( s)
* Subject to at least 70% match of course content

21. OPPORTUNITIES FOR QUALITY STUDENTS
4 years Graduates / Post Graduates
Candidates with minimum of 70% marks in relevant papers will be granted exemption for that specific paper(s) subject to 70% match of course contents of relevant paper(s)

22. Permanent Credit retention 50% Pass Percentage
UPDATES
Permanent Credit retention
50% Pass Percentage

23. PRESENTER: SYED MASOUD ALI NAQVI KPMG Taseer Hadi & Co.
The information contained herein is of a general nature and is not intended to address the circumstances of any particular individual or entity. Although we endeavor to provide accurate and timely information, there can be no guarantee that such information is accurate as of the date it is received or that it will continue to be accurate in the future. No one should act on such information without appropriate professional advice after a thorough examination of the particular situation.
© 2006 KPMG Taseer Hadi & Co., a partnership firm registered in Pakistan and a member firm of the KPMG network of independent member firms affiliated with KPMG International, a Swiss cooperative. All rights reserved. Printed in Pakistan. The KPMG logo and name are trademarks of KPMG International.