06-25-2005, 07:09 PM
AOA Dear Members Please Commentquote
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Pakistanâs professional infrastructure which comprises three accountancy bodies.
1 â The Institute of Chartered Accountants of Pakistan
2 â Institute of Cost and Management Accountants
3 â The Pakistan Institute of Public Finance Accountants
Pakistan has three national accounting bodies
The Institute of Chartered Accountants of Pakistan (ICAP)
The Institute of Cost and Management Accountants of Pakistan(ICMA)
The Pakistan Institute of Public Finance Accountants (PIPFA)
ICAP and ICMA are full members of the International Federation of Accountants (IFAC) and PIPFA is an associate member.
Only the United Kingdom has more national accounting bodies belonging to IFAC with five members while Canada, France and the United States have three full members each.
The three Pakistani bodies have limited reciprocal rights with their counterpart bodies in the United Kingdom.
In addition, all the Pakistan bodies are members of the South Asian Federation of Accountants (SAFA).
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3. The Pakistan Institute of Public Finance Accountants
PIPFA is an autonomous body recognized mainly in the Government sector and established under license from the Securities and Exchange Commission by the authority given under section 42 of the Companies Ordinance, 1984.
The body is cosponsored by the Institute of Chartered Accountants of the Pakistan, the Institute of Cost and Management Accountants of Pakistan and the Auditor-General of Pakistan.
PIPFA has more than 1,950 members and a number of them are members
of ICAP and ICMA.
The Association was established to produce a second tier of professionals in Pakistan.
There are 12 governors on the Board. Three governors are appointed by each of the three sponsoring bodies and the members of the Association elect three.
In addition to the Board of Governors, PIPFA has the following committees
Examination Committee, Executive Committee, Publication and Seminar Committee,Board of Studies, Regulation and Discipline Committee
These committees are established for the following purposes
Education and training of students seeking professional qualification and membership of the Association.
Investigation of cases of unethical conduct by the members or students and initiate the necessary disciplinary action.
Provision of technical advice to the members on any accounting or auditing issues.
Regional committees are organized to promote the professional education activity at regional levels through seminars and workshops
Educational Requirements
The prerequisite entry requirement is Intermediate examination from a recognized education board, university or institution or
any other qualification considered equivalent by the Board of Governors or
âAâ levels of General Certificate of Education.
Candidates who have passed ICMA or ICAP examinations are
eligible for direct membership of the Association on completion of
experience and other documentary requirements.
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Pakistanâs professional infrastructure which comprises three accountancy bodies.
1 â The Institute of Chartered Accountants of Pakistan
2 â Institute of Cost and Management Accountants
3 â The Pakistan Institute of Public Finance Accountants
Pakistan has three national accounting bodies
The Institute of Chartered Accountants of Pakistan (ICAP)
The Institute of Cost and Management Accountants of Pakistan(ICMA)
The Pakistan Institute of Public Finance Accountants (PIPFA)
ICAP and ICMA are full members of the International Federation of Accountants (IFAC) and PIPFA is an associate member.
Only the United Kingdom has more national accounting bodies belonging to IFAC with five members while Canada, France and the United States have three full members each.
The three Pakistani bodies have limited reciprocal rights with their counterpart bodies in the United Kingdom.
In addition, all the Pakistan bodies are members of the South Asian Federation of Accountants (SAFA).
--------------------------------------------------------------------------------
Continuedquote
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3. The Pakistan Institute of Public Finance Accountants
PIPFA is an autonomous body recognized mainly in the Government sector and established under license from the Securities and Exchange Commission by the authority given under section 42 of the Companies Ordinance, 1984.
The body is cosponsored by the Institute of Chartered Accountants of the Pakistan, the Institute of Cost and Management Accountants of Pakistan and the Auditor-General of Pakistan.
PIPFA has more than 1,950 members and a number of them are members
of ICAP and ICMA.
The Association was established to produce a second tier of professionals in Pakistan.
There are 12 governors on the Board. Three governors are appointed by each of the three sponsoring bodies and the members of the Association elect three.
In addition to the Board of Governors, PIPFA has the following committees
Examination Committee, Executive Committee, Publication and Seminar Committee,Board of Studies, Regulation and Discipline Committee
These committees are established for the following purposes
Education and training of students seeking professional qualification and membership of the Association.
Investigation of cases of unethical conduct by the members or students and initiate the necessary disciplinary action.
Provision of technical advice to the members on any accounting or auditing issues.
Regional committees are organized to promote the professional education activity at regional levels through seminars and workshops
Educational Requirements
The prerequisite entry requirement is Intermediate examination from a recognized education board, university or institution or
any other qualification considered equivalent by the Board of Governors or
âAâ levels of General Certificate of Education.
Candidates who have passed ICMA or ICAP examinations are
eligible for direct membership of the Association on completion of
experience and other documentary requirements.
