Exemptions for Exemptions for

Talented Students Professional Qualification

Stages Available exemption and conditions applicable
4 year Graduates 4 year Graduates
2 year Graduates HSSC A-Levels
Stages and papers ACCA CIMA ICMAP PIPFA
from SDAI from non-SDAI
AFC-1 Functional English Y Y Y Y
AFC Exemption from Exemption from Exemption from Exemption from Exemption from
all papers of AFC all papers of AFC all papers of AFC all papers of AFC all papers of AFC AFC-2 Business Communication Y Y Y

Without any Minimum 60% Minimum 60% Minimum 70% Minimum two B AFC-3 Quantitative Methods Y Y Y Y
other condition marks in marks in marks in grades;
aggregate; aggregate; aggregate;
AFC-4 Introduction to Information Technology Y Y Y
60% marks or 75% marks or 75% marks or B grade in the
equivalent grades equivalent grades equivalent grades relevant subject;
in relevant in relevant in relevant
subject; subject; subject;
and and and and Stages and papers ACCA CIMA ICMAP PIPFA
Syllabus matches Syllabus matches Syllabus matches Syllabus matches CAF-1 Introduction to Accounting Y Y Y Y
at least 70% with at least 70% with at least 70% with at least 70% with
the prescribed the prescribed the prescribed the prescribed
syllabus of syllabus of syllabus of syllabus of CAF-2 Introduction to Economics & Finance Y Y Y
relevant subject relevant subject relevant subject relevant subject
CAF-3 Business Law Y Y Y
CAF Exemption from Exemption from Exemption from No exemptions Exemption from
all subjects of CAF CAF-1 to 4 CAF-1 & 2 available CAF-1 & 2 CAF-4 Y Y
Business Management & Behavioural Studies
Minimum 60% Minimum 60% Minimum 60% Minimum two B
marks marks in marks in grades; CAF-5 Financial Accounting and Reporting - I Y Y Y
or equivalent aggregate; aggregate;
grades in relevant CAF-6 Principles of Taxation Y* Y
subject 60% marks or 75% marks or B grade in the
equivalent grades equivalent grades relevant subject; CAF-7 Financial Accounting and Reporting - II Y Y Y
in relevant in relevant subject;
subject;
CAF-8 Cost and Management Accounting Y Y Y
and and and and
CAF-9 Audit and Assurance Y* Y
Syllabus matches Syllabus matches Syllabus matches Syllabus matches
at least 70% with at least 70% with at least 70% with at least 70% with
the prescribed the prescribed the prescribed the prescribed *The exemption from ‘CAF-6 Principles of Taxation’ shall be granted to candidates who have passed
syllabus of syllabus of syllabus of syllabus of
relevant subject relevant subject relevant subject relevant subject TX Taxation-Pakistan variant and exemption from ‘CAF-9 Audit & Assurance’ shall be granted to
candidates who have passed AAA-Advanced Audit & Assurance.
PCSC Exempted Exempted No exemption No exemption No exemption
available available available

HEAD OFFICE REGIONAL OFFICE ISLAMABAD OFFICE

Chartered Accountants Avenue, 155-156, West Wood Colony, Sector G-10/4, Mauve Area,
Clifton, Karachi-75600. ThokarNiaz Baig, Raiwand Road, Lahore. Islamabad.
UAN: 111-000-422 UAN: 111-000-422 UAN: 111-000-422
Email: info@icap.org.pk Email: lahore@icap.org.pk Email: Islamabad@icap.org.pk

FAISALABAD OFFICE MULTAN OFFICE PESHAWAR OFFICE

P-3/33 East Canal Road, 3rd Floor, Parklane Tower, House # 30, Old Jamrud Road,
Muhammadi Colony, Near Govt. Officer’s Colony, Near Eid Gaah Chowk, University Town, Peshawar.
College of Commerce Abdullahpur, Khanewal Road, Multan. Phone: (091) 5851648
Faisalabad. Phone: (041) 8531028 Phone: (061) 6510511, 6510611 Email: peshawar@icap.org.pk
Fax: (041) 8712626 Email: multan@icap.org.pk
Email: faisalabad@icap.org.pk

SUKKUR OFFICE GUJRANWALA OFFICE QUETTA OFFICE

ICAP Sukkur Office, Admin Block, 2nd floor, Gujranwala Business Center, Civic Business Center, Hali Road,
Sukkur IBA, Airport Road Sukkur. Opposite Chamber of Commerce, Quetta Cantt.
Phone: (071) 5806109 – Ext: 138 Main G.T. Road, Gujranwala. Phone: (081) 2865533
Email: sukkur@icap.org.pk Phone: (055) 3252710-12 Email: quetta@icap.org.pk
Email: gujranwala@icap.org.pk

EFFECTIVE FROM SUMMER 2019

MIRPUR OFFICE ABBOTTABAD OFFICE HYDERABAD OFFICE
Basic Health Unit (BHU) Building, Office# 10&11, 1ST Floor 3rd floor, Salman Icon Tower,
Sector D, New City Mirpur, Yusef Jammal Plaza, Mansehra Road, Main Auto Bhan Road,
Azad Jammu and Kashmir. Abbottabad Near RT Restaurant, Opp. Faysal
Phone: (05827) 487170 Phone: (0992) 405515 Bank, Latifabad, Hyderabad.
Email: mirpur@icap.org.pk Email: abbottabad@icap.org.pk Phone: (022) 3821227
Email: hyderabad@icap.org.pk
GATEWAY TO SUCCESS Levels of Capitalize on
Chartered Accountancy is a leading business qualification in highly Accomplishment Your Potential
technical fields of accounting, auditing and finance. Structured
professional Education and rigorous Training are hallmarks of this
profession.
Assessment of Fundamental Competencies (AFC)
CA learning methodology gives you an edge over other qualifications AFC-1 Functional English
and opens up a wide array of possibilities providing you with greater
opportunities to succeed. AFC-2 Business Communication
AFC-3 Quantitative Methods
The Institute of Chartered Accountants of Pakistan (ICAP) is proud to
be a part of highly prestigious Institutes of Chartered Accountants AFC-4 Introduction to Information Technology
around the globe. FULLTIME SCHEME TRAINEE SCHEME
Certificate in Accounting and Finance (CAF)
CAF-1 Introduction to Accounting 4 year degree holders
CAF-2 Introduction to Economics & Finance (from Specific Degree
All other
Awarding Institutes Graduates
SKY’S NOT THE LIMIT CAF-3 Business Law HSSC/A Level and from any recognized
Degree Awarding Institute
including associate
degree holders
CAF-4 Business Management & Behavioural Studies with major in accounting
Professional Chartered Accountants have numerous opportunities
after they graduate and they are gainfully employed all over the or finance)
CAF-5 Financial Accounting and Reporting - I
world. Our professionals are making us proud in large multinationals
CAF-6 Principles of Taxation
and conquering new business arenas. Commencement of Training Commencement of Training
CAF-7 Financial Accounting and Reporting - II
Over 20% of our Chartered Accountants working abroad have 3 years 4 years
CAF-8 Cost and Management Accounting
exhibited great expertise and leadership skills which make them front
runners in modern day businesses. This passion and zeal in handling CAF-9 Audit and Assurance
Assessment of Fundamental
trade challenges is being appreciated globally. Assessment of Fundamental Assessment of Fundamental
Certified Finance and Accounting Professional (CFAP) Competencies (AFC) Competencies (AFC) Competencies (AFC)
(4 papers) (4 papers) (4 papers)
CFAP-1 Advanced Accounting and Financial Reporting
Exemptions available subject
YOU ARE OUR TOP PRIORITY CFAP-2 Corporate Laws Exemptions available subject
to certain conditions
to certain conditions
No conditions for SDAI
Exemptions available subject
to certain conditions
CFAP-3 Business Management and Strategy
You may be provisionally registered as fulltime student or trainee
students in following circumstances: CFAP-4 Business Finance Decisions Certificate in Accounting Certificate in Accounting and Certificate in Accounting
and Finance (CAF) Finance (CAF) and Finance (CAF)
CFAP-5 Advanced Taxation
a Where result of pre-requisite qualification is awaited (9 papers & PCSC) (9 papers & PCSC) (9 papers & PCSC)
CFAP-6 Audit, Assurance and Related Services
Exemptions available for Exemptions available
Exemptions available subject
b Where certificate or degree of pre-requisite qualification is Multi Subject Assessments (MSA) A Level students, subject
to certain conditions
subject to certain
awaited in normal course. to certain conditions conditions
MSA-1 Financial Reporting and Assurance – Professional Competence
MSA-2 Management – Professional Competence Commencement of Training
ELIGIBILITY CRITERIA 3.5 years

The eligibility criteria to apply for the CA program is as below:

a 50% marks in HSSC Examinations; or Certified Finance and Accounting Professional (CFAP)
(6 papers)

b Minimum 2 passes in A-levels; or

Multi Subject Assessments (2 Papers)
c 45% marks in 2 year or 4 year degree programs
CHARTERED ACCOUNTANT
*Graduates have an option to either opt for Full Time Scheme or the Trainee Scheme