To Become CA
Join WCA and become CHARTERED ACCOUNTANT and be a part of a community of leading global accountancy professionals. When you become a member, you will be awarded the highly-respected ACA designation, which is recognized globally. You will also gain access to world-leading information resources, technical guidance, advisory services and local member networks.
Chartered Accountancy is a rewarding career and there are excellent prospects for employment in audit firms as well as in local companies, multi-nationals, and local and foreign banks. The profession has stood the test of time, and career opportunities for Chartered Accountants are unfolding as corporations increasingly realize the importance of professional values, ethics and good governance.
Institute of Chartered Accountants of Pakistan (ICAP)
The Institute of Chartered Accountants of Pakistan (ICAP) was established in 1961 to regulate the profession of accountancy in the Country. It is a statutory autonomous body established under the Chartered Accountants Ordinance 1961. 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)
ELIGIBILITY
- Higher Secondary School Certificate with minimum 50% marks.
- ‘A’ Levels with minimum two passes, or equivalent qualification.
- Graduates with minimum 45% marks.
ASSESSMENT OF FUNDAMENTAL COMPETENCIES (AFC)
| AFC-1 | Functional English |
| AFC-2 | Business Communication |
| AFC-3 | Quantitative Techniques |
| AFC-4 | Introduction to Information Technology |
CERTIFICATE IN ACCOUNTING AND FINANCE (CAF)
| CAF-1 | Introduction to Accounting |
| CAF-2 | Introduction to Economics and Finance |
| CAF-3 | Business Law |
| CAF-4 | Business Management & Behavioral Studies |
| CAF-5 | Financial Accounting and Reporting – I |
| CAF-6 | Principles of Taxation |
| CAF-7 | Financial Accounting and Reporting – II |
| CAF-8 | Cost and Management Accounting |
| CAF-9 | Audit and Assurance |
Exemption from AFC
Bright and intelligent students are encouraged to pursue CA profession after claiming specific exemptions available to them. Exemptions are allowed from specific papers foundation level subject to matching of 70% course contents of relevant paper(s) in which exemption is claimed.
Exemptions from specific papers A1, A2 and B3
- HSSC/Intermediates with minimum 70% marks in aggregate and having not less than 60% marks in the relevant papers. If a candidate fulfills these two conditions, he/she can apply for exemption if at least 75% marks are scored in the relevant papers in which exemption is claimed.
- A’ levels candidates with minimum tow Bs on overall basis but not less than C grade in relevant papers can apply for exemption if minimum B grade is scored in the relevant subject in which exemption is claimed.
- Graduates (2/3 years) with minimum 70% marks in aggregate and having not less than 60% marks in the relevant papers can apply for exemptions if minimum 75% marks are scored in the relevant subject in which exemption is claimed.
- Graduates with honors and post graduates with minimum 70% marks in the relevant papers can apply for exemption.
Exemption from Coaching Classes of Papers A1, A2, B3
- HSSC/Intermediates with minimum 70% marks in aggregate and having scored at least 60% marks in the relevant papers need no to attend coaching classes.
- A’ Levels with minimum two Bs on overall basis and having scored minimum Cs in relevant papers needs not to attend coaching classes.