2. INSTITUTE OF CERTIFIED PUBLIC ACCOUTANTS OF PAKISTAN (ICPAP) Plot 03, Street 42, Sector F-8/1, Islamabad, Pakistan Ph: +92-333-2252863 Email: Iftikhar.baig@icpap.com.pk Iftikhar.baig@icpap.com.pk www.icpap.com.pk Certified Public Accountant

3. ICPAP History Established in 1992 License granted by Registrar Joint Stock of Companies, Islamabad. Registered Students 950 Associate Members 800 Fellow Members 350

4. WHAT IS CERTIFIED PUBLIC ACCOUNTANT (CPA)?

5. Why CPA? To Cater the requirements of the financial market as well as Manufacturing concerns by providing professional Accountants. To Promote professionalism in the fields of Accounting, Taxation and Auditing. To replace the khata/Munshi system with modern Accounting Systems and professional accountants. To promote and implement prevailing Accounting Standards set by IFRS & IASB. To Promote and to equip overseas Pakistanis by providing them Professional qualification at their door steps.

6. ROLE OF CPA Today, the role of CPA ranks among the most demanding in the Pakistan’s economic community. The CPA’s ability to provide the information necessary to determine and evaluate the past, present and future economic activities of organizations is vital in our changing business environment.

7. Financial Sector 46Banks (with 250 Branches of each bank) 8Investment Companies 59Insurance Companies 40Modaraba 10Fund Managers (approx.) 23Leasing Companies How Many Professional Accountants do we have to cater the requirements of these sectors? Who is replacing professional accountants in these sectors?

8. Industrial Sector Consumer Products & Services Educational Services Employment Services Home Furnishings Legal Services Professional Services Travel Services Energy & Power Alternative Energy Sources Oil & Gas Petrochemicals Pipelines Power Water & Waste Management Financials Alternative Financial Investments Asset Management Banks Brokerages Credit Institutions Diversified Financials Government Sponsored Entities Insurance Government Agencies City Agency City Government National Agency National Government Supranational Other Government & Agencies Public Administration Regional Agency Regional Government Healthcare Biotechnology Healthcare Equipment & Services (HMOs) Healthcare Equipment & Supplies Hospitals Pharmaceuticals High Technology Computer & Peripherals E-Commerce / B2B Electronics Internet Infrastructure Internet Software & Services IT Consulting Services Semiconductors Software Industrials Aerospace & Defense Automobiles & Components Building/Construction & Engineering Industrial Conglomerates Machinery Transportation & Infrastructure Materials Chemicals Construction Materials Metals & Mining Containers & Packaging Paper & Forest Products Media & Entertainment Advertising & Marketing Broadcasting Cable Casinos & Gambling Hotels & Lodging Recreation & Leisure Motion Pictures / Audio Visuals Publishing Real Estate Non Residential REITs Real Estate Management &Development Residential Retail Apparel Retailing Automotive Retailing Computers & Electronics Retailing Discount & Department Store Retailing Food & Beverage Retailing Home Improvement Retailing Internet & Catalog Retailing Consumer Staples Agriculture & Livestock Food & Beverage Household & Personal Products Textiles & Apparel Tobacco Telecommunications Space & Satellites Telecommunications Equipment Telecommunications Services Wireless How Many Professional Accountants do we have to cater the requirements of these sectors? Who is replacing professional accountants in these sectors? Manufacturing Automobile Electronics Garments

9. DIFFERENCE BETWEEN ICAP, ICMA & ICPAP ICAPICMAICPAP Establishment195119671992 Members4500 800 approx. No. of Courses2018 Eligibility CriteriaIntermediate Graduation Examination centersIn Pakistan & UAE onlyIn Pakistan onlyPakistan and Middle East SpecializationFinancial Accounting, Tax & Auditing Cost & Managerial Accounting Financial Accounting, Tax & Auditing. Cost & Managerial Accounting Forensic Accounting & Money Laundering Capital Market, Banking & Risk Management Human Resource Management & Accounting AcceptabilityUnderpaid 100% employed in middle and upper management

10. COMPARISON BETWEEN CPA, CA AND CMA. CMA (Managerial Accountant) Produce Cost and Management Accountants Focus on Budgeting and Costing Mostly Common in Industrial and Manufacturing Sector Managerial Accountant may only prepare reports weekly, daily or monthly Managerial accountancy follows the rules made by individual companies or organizations CA and CPA both produce financial Accountants financial accountant works within and outside the organization focusing on financial matters like preparation of financial reports, analysis of ratio, dealing with bank handling taxation matters, conduct audit. Mostly common in financial and all other sectors except industrial & manufacturing concerns. Financial accountants submits a report periodically Financial accountancy follow the regulations of the standard setting body all over the world like IASB and IFRS. CA and CPAs Difference is CA is inherited from UK while CPA inherited from USA CA Syllabus only covers Financial Accounting, Taxation and Auditing. CPA syllabus covers four specialization F/A, Taxation, and Auditing, managerial accounting, forensic and fraud examination, Banking/Risk Management, and HR Accounting and Finance.

11. PROGRAMS OF ICPAP Cert.PA(Certificate in Public Accounting) PGDPA (Post Graduate Diploma in Public Accounting) CPA (Certified Public Accounts)

12. Admission Criteria The candidates who hold a bachelor degree (14 years of education) in any of the disciplines i.e. B.Com, B.A, BBA & BSc are eligible to apply in CPA program. The admissions are taken throughout the year as CPA is a distance learning program. The registered candidates are provided with monthly newsletters, assignments, past papers, Study Notes and course material during their semester. The exams are conducted twice a year in June and in December of every year in all major cities of Pakistan and Abroad. Student will furnish the following documents for assessment of exemptions at the following email ID: Iftikhar.baig@icpap.com.pk Latest CV Scanned copies of academic / professional qualifications Experience / Service certificates (if any)

13. ICPAP COURSES CERTIFICATE IN PUBLIC ACCOUNTING KNOWLEDGE Financial Accounting Cost and Management Accounting Financial Management FUNDAMENTALS Business English and Communication Economic Analysis and Business Environment Quantitative Methods and Techniques Foundation Level MODUlE-2 MODUlE-1 POST GRADUATE DIPLOMA IN PUBLIC ACCOUNTING SKILLS Taxation Laws Business Analysis and Decision Making Financial and Corporate Reporting ESSENTIALS Mercantile Law Audit and Assurance Information Technology Management, Audit & Control KNOWLEDGE Financial Accounting Cost and Management Accounting Financial Management FUNDAMENTALS Business English and Communication Economic Analysis and Business Environment Quantitative Methods and Techniques Operational Level MODUlE-4 MODUlE-3 MODUlE-2 MODUlE-1 CERTIFIED PUBLIC ACCOUNTING CPA SPECIALIZATION Advanced Taxation Advanced Auditing and Assurance Advanced Financial Management PROFESSIONAL Corporate Law and Governance Advanced Performance Management Advanced Management Accounting SKILLS Taxation Laws Business Analysis and Decision Making Financial and Corporate Reporting ESSENTIALS Mercantile Law Audit and Assurance Information Technology Management, Audit & Control KNOWLEDGE Financial Accounting Cost and Management Accounting Financial Management FUNDAMENTALS Business English and Communication Economic Analysis and Business Environment Quantitative Methods and Techniques Professional Level MODUlE-4 MODUlE-3 MODUlE-2 MODUlE-1 MODUlE-5 MODUlE-6

14. FEE STRUCTURE (from 1 st Jan 2013) Certificate in Public Accounting (Cert.PA) Particulars No. of Papers Pakistani Students No. of Papers Overseas Pakistani Students Non-Pakistani Students Rupees US $ Registration Fee19,500 21,500200 Total Registration Fee19,50021,500200 Module-1 1400 x 34,2001800 x 35,40090 Module-2 1400 x 34,2001800 x 35,40090 Total Exemption/ Examination Fee 8,400 10,800180 Membership Fee2,500 60 Annual Subscription for Member1,500 20 Total4,000 80 G. Total31,90036,300460

15. FEE STRUCTURE (from 1 st Jan 2013) Post Graduate Diploma in Public Accounting (PGDPA) Particulars No. of Papers Pakistani Students No. of Papers Overseas Pakistani Students Non Pakistani Students Rupees US $ Registration Fee19,500 21,500200 Total Registration Fee19,50021,500200 Module-1 1400 x 34,2001800 x 35,40090 Module-2 1400 x 34,2001800 x 35,40090 Module-3 1400 x 34,2001800 x 35,40090 Module-4 1400 x 34,2001800 x 35,40090 Total Exemption/ Examination Fee 16,800 21,600360 Membership Fee2,500 60 Annual Subscription for Member1,500 20 Total4,000 80 G. Total40,30047,100640

16. FEE STRUCTURE (from 1 st Jan 2013) Certified Public Accountant (CPA) Particulars No. of Papers Pakistani Students No. of Papers Overseas Pakistani Students Non-Pakistani Students Rupees US $ Registration Fee19,500 21,500200 Total Registration Fee19,50021,500200 Module-1 1,400 x 34,2001,800 x 35,40090 Module-2 1,400 x 34,2001,800 x 35,40090 Module-3 1,400 x 34,2001,800 x 35,40090 Module-4 1,400 x 34,2001,800 x 35,40090 Module-5 1,400 x 34,2001,800 x 35,40090 Module-6 1,400 x 34,2001,800 x 35,40090 Total Exemption/ Examination Fee 25,200 32,400540 Membership Fee2,500 60 Annual Subscription for Member1,500 20 Total4,000 80 G. Total48,70057,900820

17. BECOME A CERTIFIED PUBLIC ACCOUNTANT Internationally Recognized WWW.ICPAP.COM.PK CERT.PA CPA PGDPA PROGRAMS CA – CMA – CIMA – ACCA ACSP – APA MBA – M.Com – M.A.Eco BBA – B.COM EXEMPTIONS AVAILABLE TO SEND YOUR CV & EDU. / PROFESSIONAL DOCUMENTS FOR FREE EVALUATION Iftikhar.baig@icpap.com.pk

18. GLOBAL AFFILIATIONS

19. FULL AUDIT RIGHTS IN UAE Ministry of Economy and Commerce, UAE has granted the Audit Rights to the members of Institute of Certified Public Accountants of Pakistan (ICPAP). UNITED ARAB EMIRATES full Auditor status recognition has been granted under Ministerial Decree No. 148 of 2012 by the Ministry of Economy - U.A.E.

20. Approved Coaching Centers Mas Education Centre M01, Rose Tower, Next ADNOC, Behind ADCB, Salam Street, Abu Dhabi, UAE Email: masclasses@yahoo.commasclasses@yahoo.com info@maseducationuae.com Web: http://www.maseducationuae.comhttp://www.maseducationuae.com Luminary Management Consulting Dubai International City P.O. Box: 234521 Dubai, United Arab Emirates Email: info@luminaryconsultings.cominfo@luminaryconsultings.com GLOBAL Education Center Block A, Dream Sea Shopping Centre, 4 th Floor, Sheikh Rashid Bin Hameed Street, Ajman, United Arab Emirates Email: info@gec-uae.cominfo@gec-uae.com Web: www.gec-uae.comwww.gec-uae.com Main Murree Road, Bahara Kahu, Islamabad Phone: 051-2574877 Email: info@al-wadood.edu.pk Web: www.al-wadood.edu.pkinfo@al-wadood.edu.pkwww.al-wadood.edu.pk LEGEND SCHOOL OF ACCOUNTANCY 50 Babar Block Garden Town (Near Barket Market) Lahore. Phone: +92-42-35882253-4 Email: info@lsa.edu.pkinfo@lsa.edu.pk Web: www.lsa.edu.pkwww.lsa.edu.pk Kuwait St., Karama - Dubai – UAE Email: info@pacdubai.cominfo@pacdubai.com Web: www.pacdubai.com

21. Institute of Certified Public Accountants of Pakistan (ICPAP) BECOME A CERTIFIED PUBLIC ACCOUNTANT (CPA) BECOME A CERTIFIED PUBLIC ACCOUNTANT (CPA) STEPS TO GET AHEAD IN YOUR CAREER STEPS TO GET AHEAD IN YOUR CAREER www.icpap.com.pk facebook.com/ICPAP SEND YOUR CV & EDU. / PROFESSIONAL DOCUMENTS FOR FREE EVALUATION Iftikhar.baig@icpap.com.pk