INTRODUCTION

The Institute of Certified Public Accountants of Pakistan (ICPAP) was established in August, 1992 with the objective of imparting world class training in Accounting, Finance

Finance

"Finance" is often defined simply as the management of money or “funds” management Modern finance, however, is a family of business activity that includes the origination, marketing, and management of cash and money surrogates through a variety of capital accounts, instruments, and markets created...

, Management

Management

Management in all business and organizational activities is the act of getting people together to accomplish desired goals and objectives using available resources efficiently and effectively...

, Corporate Laws

Corporate law

Corporate law is the study of how shareholders, directors, employees, creditors, and other stakeholders such as consumers, the community and the environment interact with one another. Corporate law is a part of a broader companies law...

, Tax Laws

Tax law

Tax law is the codified system of laws that describes government levies on economic transactions, commonly called taxes.-Major issues:Primary taxation issues facing the governments world over include;* taxes on income and wealth...

 and its allied areas to the student, working executives and professionals in Pakistan

Pakistan

Pakistan , officially the Islamic Republic of Pakistan is a sovereign state in South Asia. It has a coastline along the Arabian Sea and the Gulf of Oman in the south and is bordered by Afghanistan and Iran in the west, India in the east and China in the far northeast. In the north, Tajikistan...

. The Institute of Certified Public Accountants of Pakistan launched Certified Public Accountant

Certified Public Accountant

Certified Public Accountant is the statutory title of qualified accountants in the United States who have passed the Uniform Certified Public Accountant Examination and have met additional state education and experience requirements for certification as a CPA...

 (CPA) program in 1994 with a state of art course design and curriculum

Curriculum

See also Syllabus.In formal education, a curriculum is the set of courses, and their content, offered at a school or university. As an idea, curriculum stems from the Latin word for race course, referring to the course of deeds and experiences through which children grow to become mature adults...

.

PROGRAM OFFERED CERTIFIED PUBLIC ACCOUNTANT (CPA)
Professional Program in Accounting, Finance, Auditing, Management, Tax Laws, and Corporate Laws Practice, forensic accounting

Forensic accounting

Forensic accounting is the specialty practice area of accountancy that describes engagements that result from actual or anticipated disputes or litigation. "Forensic" means "suitable for use in a court of law", and it is to that standard and potential outcome that forensic accountants generally...

, HR accounting and banking and finance etc. leading to specialization in company management. Persons qualifying could be admitted as Associates (ACPA) and Fellows (FCPA) after five years of completion of their course.

ASSOCIATE & FELLOW MEMBERSHIP
A person may be admitted as an Associate Member if he passes all the papers of CPA program, and shall be entitled to use the designatory letters ACPA.

Fellowship in the above stream with designatory letters of “FCPA” could also be offered to persons presently engaged as Manager Finance, Finance & Cost Controller, Director Finance, Managing Director, Chief Executives Officer, Company Secretaries, Management, Finance and Corporate Consultants who meet the prescribed merit conditions.

The CPA membership is a professional certification

Professional certification

Professional certification, trade certification, or professional designation, often called simply certification or qualification, is a designation earned by a person to assure qualification to perform a job or task...

 accredited across the world specially in Australia

Australia

Australia , officially the Commonwealth of Australia, is a country in the Southern Hemisphere comprising the mainland of the Australian continent, the island of Tasmania, and numerous smaller islands in the Indian and Pacific Oceans. It is the world's sixth-largest country by total area...

, Canada

Canada

Canada is a North American country consisting of ten provinces and three territories. Located in the northern part of the continent, it extends from the Atlantic Ocean in the east to the Pacific Ocean in the west, and northward into the Arctic Ocean...

, UK

United Kingdom

The United Kingdom of Great Britain and Northern IrelandIn the United Kingdom and Dependencies, other languages have been officially recognised as legitimate autochthonous languages under the European Charter for Regional or Minority Languages...

 (Scotland

Scotland

Scotland is a country that is part of the United Kingdom. Occupying the northern third of the island of Great Britain, it shares a border with England to the south and is bounded by the North Sea to the east, the Atlantic Ocean to the north and west, and the North Channel and Irish Sea to the...

), Cambodia

Cambodia

Cambodia , officially known as the Kingdom of Cambodia, is a country located in the southern portion of the Indochina Peninsula in Southeast Asia...

, Saudi Arabia

Saudi Arabia

The Kingdom of Saudi Arabia , commonly known in British English as Saudi Arabia and in Arabic as as-Sa‘ūdiyyah , is the largest state in Western Asia by land area, constituting the bulk of the Arabian Peninsula, and the second-largest in the Arab World...

, Afghanistan

Afghanistan

Afghanistan , officially the Islamic Republic of Afghanistan, is a landlocked country located in the centre of Asia, forming South Asia, Central Asia and the Middle East. With a population of about 29 million, it has an area of , making it the 42nd most populous and 41st largest nation in the world...

, U.A.E.

United Arab Emirates

The United Arab Emirates, abbreviated as the UAE, or shortened to "the Emirates", is a state situated in the southeast of the Arabian Peninsula in Western Asia on the Persian Gulf, bordering Oman, and Saudi Arabia, and sharing sea borders with Iraq, Kuwait, Bahrain, Qatar, and Iran.The UAE is a...

, Qatar

Qatar

Qatar , also known as the State of Qatar or locally Dawlat Qaṭar, is a sovereign Arab state, located in the Middle East, occupying the small Qatar Peninsula on the northeasterly coast of the much larger Arabian Peninsula. Its sole land border is with Saudi Arabia to the south, with the rest of its...

 and Sri Lanka

Sri Lanka

Sri Lanka, officially the Democratic Socialist Republic of Sri Lanka is a country off the southern coast of the Indian subcontinent. Known until 1972 as Ceylon , Sri Lanka is an island surrounded by the Indian Ocean, the Gulf of Mannar and the Palk Strait, and lies in the vicinity of India and the...

. The CPA curriculum of six modules comprises twenty-seven subjects/papers including (9) optional courses and consisting of four specializations (each containing of three subjects/papers) in audit & accounts, forensic accounting & fraud

Fraud

In criminal law, a fraud is an intentional deception made for personal gain or to damage another individual; the related adjective is fraudulent. The specific legal definition varies by legal jurisdiction. Fraud is a crime, and also a civil law violation...

 investigation, capital market

Capital market

A capital market is a market for securities , where business enterprises and governments can raise long-term funds. It is defined as a market in which money is provided for periods longer than a year, as the raising of short-term funds takes place on other markets...

 & banking and human resource accounting

Human resource accounting

Human Resource Accounting is a method to measure the effectiveness of personnel management activities and the use of people in an organization....

 & development.

The ICPAP evaluates the credential

Credential

A credential is an attestation of qualification, competence, or authority issued to an individual by a third party with a relevant or de facto authority or assumed competence to do so....

 of candidates, administers the examination, grants certificate

Certificate

Certificate may refer to:* Public key certificate, an electronic document used in cryptography* Certificate of deposit, or CD, a financial product commonly offered to consumers by banks, thrift institutions, and credit unions...

s and ensures that CPAs continue to meet the professional development

Professional development

Professional development refers to skills and knowledge attained for both personal development and career advancement. Professional development encompasses all types of facilitated learning opportunities, ranging from college degrees to formal coursework, conferences and informal learning...

s necessary to retain their certificates in good standing. The ICPAP functions under the overall guidance of the Board of Governors composed of Certified Public Accountants/Chartered Accountants/Cost & Management Accountants, leading consultants, seniors officers, bankers and corporate executives. The ICPAP staff plans and implements the ICPAP activities within the framework of policies and procedures established by the Board of Governors. The Academic Council comprises practitioners and distinguished academicians and other leading educational institutions. The ICPAP is credited with a team of qualified and experienced professional staff and faculty members.

The CPA Program offered by ICPAP is different in design, structure, scope, content and examinations from the CPA Program offered by the American Institute of Certified Public Accountants

American Institute of Certified Public Accountants

Founded in 1887, the American Institute of Certified Public Accountants is the national professional organization of Certified Public Accountants in the United States, with more than 370,000 CPA members in 128 countries in business and industry, public practice, government, education, student...

 (AICPA), USA and others countries of the world. The ICPAP and AICPA are independent of each other, and there are no reciprocal arrangements. All reference to the CPA Program in this document pertains to the CPA Program offered by ICPAP only.

This document does not create a binding contract

Contract

A contract is an agreement entered into by two parties or more with the intention of creating a legal obligation, which may have elements in writing. Contracts can be made orally. The remedy for breach of contract can be "damages" or compensation of money. In equity, the remedy can be specific...

 between the Institute of Certified Public Accountants of Pakistan (ICPAP) and the students. The information given is an indication of ICPAPs plans on the date of publication of this document. Details may be modified from time to time for academic and operational reasons. The students will be governed by the latest regulations applicable to them during the relevant academic year.

This document is designed to provide the prospective students with information on educational program

Educational program

An educational program is a program written by the ministry of education which determines the learning progress of each subject in all the stages of formal education....

only. Neither the ICPAP nor any third party assumes any liability of any kind to any person from providing this information whether or not such persons rely on it and even inform the ICPAP of their reliance on it.