Chartered Accountancy Jobs in Pakistan
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How to
Become a Chartered Accountant ?
Chartered Accountants work
for large and small firms that
offer fee
earning advisory and management services to a variety of clients and
businesses in the industrial, commercial and non profit sectors. They
audit the accounts of these clients and businesses
and can also be
involved in specialist areas of financial advice such as tax. Chartered
Accountants are also employed in commercial organizations, banks, and
the private and public sectors. The profession of Chartered Accounting
is the collection of education, training and experience. In this field
more importance is given to experience than any other profession.
Chartered Accountant jobs in Pakistan can be seen in Pakistan
national newspapers regularly.
To become a Chartered
Accountant you need to be motivated, possess analytical skills,
numerical ability, a keen sense of what is going on in the world of
business and finance, and personal qualities such as reliability and
discretion. You will be required to study business and corporate
finance, economics, auditing, taxation, management and information
systems.
Why Choose a Career in
Accounting in Pakistan
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.
Why Choose ICAP
The Institute of Chartered
Accountants of Pakistan (ICAP) is a professional body of Chartered
Accountants in Pakistan, and represents accountants employed in public
practice, business and industry, and the public and private sectors. The
Institute is a member of the International Federation of Accountants
(IFAC) which is the global organization for the accountancy profession.
“ICAP has approx. 4,000 members who are currently working in 35
countries worldwide. With thousands of students joining our prestigious
fraternity, we offered approx. 300 ambassadors to the local and
international market in the year 2006.” The transformation to global
financial reporting standards requires the internalization of new values
and attitudes. At ICAP we realize that education is critical and holds
together the centrifugal forces that continue to pull us towards
diversification, yet persuade us to retain our distinctive identity. The
head office of the Institute is housed in its own premises in Karachi at
Teen Talwar, Clifton with regional offices in Islamabad, Lahore, Multan
and Faisalabad.
Career
Opportunities in Chartered Accountancy?
Highly Rewarding
Chartered Accountancy is a
highly rewarding field. Not only are our ambassadors earning the highest
salaries in the market but also high level prestige and respect.
Salaries of other professionals generally end where the salaries of
Chartered Accountants start. Additionally as auditors you would be
expected to offer a number of accounting and audit solutions, implement
standards and practice business ethics that fuels your self-respect.
Top Management
Unlike yesteryears when
Chartered Accountants were considered as backroom clerks with their
heads buried in the books of accounts; today our professionals are
leading the market as frontline managers. The incorporation of the
technical and management skills in both our academic and training
curriculum has brought Chartered Accountancy out from behind the stage
to the front as CFOS, CEOs, Company Secretaries and Department Heads.
Mobility
Chartered Accountancy is
marking its own borders. You study here and practice your qualification
in any country of the world. Currently 24% of our Chartered Accountants
are setting examples of best professional practices in 35 countries of
the world. Even switching organizations is frictionless so you may start
in the public sector or business and later join any banks, financial
institutions or trade.
Training
The true essence of the
Chartered Accountancy qualification that sets us apart and adds value to
our qualification is its well regulated training program; that allows a
student to learn and implement his knowledge at the same time.
Equivalent to M.Com
The Higher Education
Commission has accepted the Chartered Accountancy qualification as
equivalent to the degree of Masters in Commerce. So all our candidates
with dreams of studying further in specializations may do so on such
basis.
Rapid Growth
The field of Chartered
Accountancy offers rapid growth to its professionals. With the increase
in economic activity, the demand for Chartered Accountants is increasing
in all market sectors may it be industry, trade, financial institutions
or banks; even in sectors like education and social welfare our
ambassadors are setting unique practices of integrity and
professionalism.
Business Qualification
Initially Chartered
Accountants were believed to be experts with knowledge of only
accountancy and audit but their scope in business has now been changed.
The Institute has tailored its syllabus to incorporate a combination of
technical and management skills, keeping in view the latest developments
in the accounting profession worldwide. Thus our professionals are not
just experts in the fields of Accounts and Audit but are also well-aware
of the latest business practices in the fields of information
technology, law, tax, marketing, human resource management etc.
Most Economical
Qualification
The Institute offers the
lowest admission costs. Not only this, but during Chartered Accountancy
students join training and are paid stipend that serves as a decent
pocket money so that at the end of the day the student may incur his own
expenses.
Private Practice
So one fine morning it
suddenly dawns upon you that being an employee is not your cup of tea.
Well, your route is very simple! You can open your own practice and be
your own boss!
HOW TO GET A
CHARTERED ACCOUNTANCY DEGREE
All the matters related to
chartered accountant and their firms are deal with through Institute of
Chartered Accountant of Pakistan (ICAP). This body was established in
Pakistan in the year 1961 through an ordinance and is responsible to
regulate matter related to the education, training, and examination of
CA profession. Chartered accountancy firm are mandatory to be registered
with the ICAP. A CA firm actually is a financial entity providing
services of accounting. A CA firm provides auditing services and gives
professional guidance and advices to the companies and firms.
Candidates who want to
enter into this lucrative profession have two routs to start this career
namely Module Scheme and Training Scheme. In Module Scheme students
having 45 % marks in the Intermediate examination have to pass PPT
(Pre-entry Proficiency Test) and then start studying privately or in
RAETs. During this period he has to pass Module A to D and after
completing of 3 years of training he has to pass module E and F to
become a Chartered Accounted (CA).
In Training Scheme, students
having 2nd division in graduation or professional qualification like
ACCA, ICMA, and CMA have to pass PPT after which module A to F must be
passed during training. Subsequently students have to complete 3 years
training period after which CA degree is offered.
Pre-entry Proficiency Test
(PPT)
Pre-Entry Proficiency Test
(PPT) is compulsory for acquiring CA qualification except those who are
exempt from PPT.
Eligibility for PPT
-
HSSC with at least
45% marks;
-
A-Level with minimum two
passes;
-
Graduation with 2nd Division
Exemptions from PPT
-
HSC with at least
60% marks;
-
A-Level with minimum two Cs;
-
Graduation with 1st Division
;
-
Post graduation.
For Quality Students
Brilliant and intelligent
students are encouraged to pursue Chartered Accountancy as a profession
and exemptions are allowed to Quality Students at entry level.
Details of Exemptions for
HSSC Candidates:
a. Exemption from classes of
A1, A2 and B3
Eligibility Criteria:
Minimum 70% marks in aggregate; and
Minimum 60% marks in
relevant papers (A1, A2 and B3) in which the candidate has appeared.
b. Exemption from specific
paper(s) - A1, A2 and B3
Eligibility Criteria:
Minimum 70% marks in aggregate;
Minimum 60% marks in
relevant papers in which the candidate has appeared;
Minimum 75% marks in
relevant paper(s) from which the candidate is seeking exemption; and
70% match of course content
of relevant paper(s).
Exemptions for 'A' Levels
candidates:
a. Exemption from Classes of
A1, A2 and B3
Eligibility
Criteria:
Minimum two Bs on an overall
basis; and
Minimum C in relevant papers
in which the candidate has appeared
b. Exemption from specific
paper(s) - A1, A2 and B3
Eligibility
Criteria:
Minimum two Bs on an overall
basis;
Minimum C in relevant paper
in which the candidate has appeared;
Minimum B in relevant
paper(s) from which the candidate is seeking exemption; and
70% match of course content
of relevant paper(s).
Exemptions for Graduates
(with 2 - 3 year graduate degree) from HEC recognized universities
Exemption from specific
paper(s) - A1, A2 and B3
Eligibility Criteria Minimum
70% marks in aggregate;
Minimum 60% marks in
relevant subjects in which the candidate has appeared;
Minimum 75% marks in
relevant subject(s) from which the candidate is seeking exemption; and
70% match of course content
of relevant paper(s).
Exemptions for Graduates/
Post Graduates
Exemption from specific
paper(s) of Module A & B
Eligibility Criteria:
Graduates (with 4 years degree or foreign Graduates with 3 years
degree)/Post-Graduates from recognized universities:
Minimum of 70% marks in
relevant paper(s) of Module A and B from which the candidate is seeking
exemption; and
70% match of course content
of relevant paper(s).
For other Professional
Qualifications
a. The examination and the
training prescribed by the following Chartered Accountancy institutes
will be treated as equivalent to the examinations and training
prescribed under the Chartered Accountants Bye-Laws 1983 for the purpose
of membership of ICAP:
-
The Institute of Chartered
Accountants in England & Wales (ICAEW);
-
he Institute of
Chartered Accountants in Ireland (ICA Ireland);
-
The Institute of
Chartered Accountants in Scotland (ICAS);
-
The Institute of
Chartered Accountants in Australia (ICAA);
-
The Canadian
Institute of Chartered Accountants (CICA).
Provided that if such
members desire to start practice as Chartered Accountants, they will
have to pass the papers of "Advanced Taxation" and "Corporate Laws" of
the Final examination and also undergo training with a firm in practice
in Pakistan for one year if their training did not involved at least 50%
training with a firm / in practice.
b. Candidates who have
successfully completed all examinations of following accountancy bodies
will be exempt from the PPT, Foundation and Intermediate examinations
(Modules A to D) of ICAP.
-
Association of
Chartered Certified Accountants (ACCA);
-
Chartered Institute
of Management Accountants (CIMA);
-
Institute of Cost and
Management Accountants of Pakistan (ICMAP)
Such candidates shall apply
for exemption from PPT, Foundation and Intermediate examinations of ICAP
and join CA Firm / Training Organisation for a training period of three
years.
Moreover, these candidates
shall be eligible to appear for Module E examination eighteen months
after entering the training arrangements and shall be eligible for
Module F examination during the last year of training.
ICMAP 3 parts (pre Jan 1995
Syllabus) or ICMAP Intermediate / Part II (pre December 1998 Syllabus)
or Professional I (Post Dec 1998 Syllabus) Passed students are exempted
from PPT.
c. Candidates who have
successfully completed all examinations of American Institute of
Certified Public Accountants (AICPA) will be dealt with on case to case
basis. Such candidates are advised to complete the prescribed Exemption
form and submit it along with copies of certificates, copies of syllabus
certified by AICPA and other details for evaluation. After obtaining
exemptions such candidates are required to undergo three years training
with the Principal at CA Firm/ Training Organisation.
d. Candidates who have
successfully completed all examinations of Pakistan Institute of Public
Finance Accountants (PIPFA) under the Private Sector Scheme and Syllabi
will be exempted from the under mentioned entrance test and examinations
of ICAP:
Eligibility for Examinations
and Training Period for PIPFA qualified who obtain Exemptions from
Foundation stage:
Will attempt and
pass Module C soon after the registration as PFC candidates subject to
compliance with the dates of submission of examination forms. Upon
passing Intermediate stage examinations, such candidates will undergo a
continuous training period of four years in CA firms / Training
Organisation;
PIPFA qualified
will be required to undergo Presentation Skills Training Course (PSTC)
of 100 hours duration from RAETs and submit Certificate of Completion as
an eligibility requirement to take Module D Examination;
PIPFA
qualified (who are graduates with minimum 2nd Division or equivalent
grade) may join training at chartered accountant firms in Pakistan upon obtaining
exemptions from PPT and Modules A and B of Foundation stage. Such
candidates will undergo a training period of five years and will attempt
further Modular Examinations after completing the prescribed eligibility
period for Trainee Students. (in case the candidates hold 4 years
Graduation degree or 3 years foreign graduation degree, the required
training period of such candidate would be 4 years)
PIPFA candidates
will take Final Examinations for Modules E and F during and after their
training as per rules.
more accountancy related
bodies...
-
institute of Chartered
Accountants of Pakistan
-
professional associations
for accountants
-
Consultative Committee of
Accountancy Bodies
-
International Federation of
Accountants
-
The Chartered Institute of
Management Accountants (CIMA) UK
-
British chartered
accountancy body
-
Chartered Certified
Accountant
-
Consultative Committee of
Accountancy Bodies (CCAB)
-
International Federation of
Accountants (IFAC).
-
Chartered Certified
Accountant
-
Association of Authorised
Public Accountants (AAPA)
-
British professional bodies
for public accountants
-
(Institute of Chartered
Accountants of Pakistan)
-
CFE
-
PAC
-
SKANS
-
CAMS
-
Aureole Training
-
Al-Hamd
-
TSA
