Accountancy Forum

I appeared in Final Stage of PIPFA in July 2007 and am seeking advice from the members that what should I do after clearing PIPFA (CA or ICMA).

I have done PIPFA on the basis of B. COM. and have heard that exemption in CA is only available to those who have passed all three levels of PIPFA.

Thanks and regards

Haroon

Mera khiyaal hai ke ab Shadi kar lain [D]

<blockquote id="quote">quote<hr height="1" noshade id="quote">Professional Exemption Scheme
All candidates seeking exemptions are required to apply on the prescribed Exemption Form along with the fee and supporting documents/ certificates as mentioned on the Form to the Directorate of Examinations before the prescribed date of submission of Examination forms.

No exemptions shall be given from any ICAP examination or paper(s) thereof to any individual, Professional Accountancy Institution or body or University unless such request (a) is received from the Certificate awarding body; (b) the said body is making the request on a reciprocal basis; and © the request is subjected to a detailed evaluation procedure to be laid down by ICAP and made transparent.

As per conditions mentioned in para above, the under-mentioned specific exemptions as approved by the Council of ICAP are presently available

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

Pre-entry Proficiency Test (PPT)

Foundation Examinations All Papers of Module A and B

Eligibility for Examinations and Training Period for PIPFA qualified who obtain Exemptions from Foundation stage

i. 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;

ii. 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;

iii. PIPFA qualified (who are graduates with minimum 2nd Division or equivalent grade) may join training at CA Firms / Training Organizations 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)

iv. PIPFA candidates will take Final Examinations for Modules E and F during and after their training as per rules.<hr height="1" noshade id="quote"></blockquote id="quote">

The above quote is from ICAP's Website where is the condition?

<blockquote id="quote">quote<hr height="1" noshade id="quote">I have done PIPFA on the basis of B. COM. and have heard that exemption in CA is only available to those who have passed all three levels of PIPFA.<hr height="1" noshade id="quote"></blockquote id="quote">

after clearing PIPFA the better choice is CA

Thank you Mr. Mehtab for your kind reply.

<blockquote id="quote">quote<hr height="1" noshade id="quote">Pakistan Institute of Public Finance Accountants (PIPFA)
Eligibility Criteria Successful completion of all examinations of PIPFA under the Private Sector Scheme and Syllabi.

Exemptions

Such candidates who have completed all examinations of PIPFA will be exempted from the under mentioned

* Pre-entry Proficiency Test (PPT)
* Foundation Examinations All Papers of Module A and B

Eligibility for Examinations and Training Period for PIPFA Candidates who obtain Exemptions from Modules A and B

a. Will attempt and pass Module C without attending any classes four months after qualifying PIPFA, only upon Registration as Private candidates. Upon passing Module C followed by Module D, such candidates will undergo a continuous training period of four years in CA firms;

b. PIPFA candidates 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;

c. PIPFA candidates (who are graduates with minimum 2nd Division or equivalent grade) may contract training arrangements with Principals at CA firms upon obtaining exemptions from PPT and Modules A and B of Foundation stage. Such candidates will undergo a continuous training period of 05 years in CA firms and will attempt further Modular Examinations successively after completing the prescribed eligibility period for Trainee Students.

d. PIPFA candidates will take Final Examinations for Modules E and F during and after their training as per rules.

<hr height="1" noshade id="quote"></blockquote id="quote">

Quoted from ICAP website http//www.icap.org.pk/Examination/EXMP_CAnew.htm

Any comments.

haroonattari

Cool Lioness

Mahtab

haroonattari