While it's regional offices include: Lahore, Islamabad, Peshawar, Multan, Gujranwala, Sukkur, Quetta, Mirpur, Faisalabad, Abbottabad and Hyderabad.
[3] In the Indian subcontinent there were a few British firms of accountants, but they were so busy that their services were not available to the general public.
An Accountancy Board was set up by the Government and was attached to the Sydenham College of Commerce and Economics, Bombay.
The objectives of the rules, broadly, were to register apprenticeships, to conduct examinations, and to control and regulate the profession of auditing.
A person who passed the Registered Accountants first and final examinations and who satisfied the Ministry of Commerce, Central Government of Pakistan that he had completed the prescribed practical training could have his name placed on the register maintained by the said Ministry and was entitled to use the designation 'Registered Accountant' (RA).
The Government accepted the recommendations and the Department of Accountancy assisted by the officials of the Institute and a number of its members prepared the Draft Ordinance to be passed.
The amended version called the Chartered Accountants By-Laws, 1961 was published in Part 1 of the Extraordinary Gazette of Pakistan on July 1, 1961 and was enforced on that date.
Keeping in view the convergence, undergone by the major economies of the world such as United States of America, China and Canada, of the International Financial Reporting Standards with respective local GAAP, the demand for IFRS specialists is increasing.
The Institute of Chartered Accountants of Pakistan (ICAP) has introduced a diploma in IFRS to prepare the candidates to avail such opportunities.
Once you pass all 8 CAF exams, you must undergo an articleship at an accounting firm or in a specific industry, with an average duration of 3 years, depending on your prior qualification.
During this articleship period, you will be required to complete the remaining two levels of the program, in order for you to fully qualify.
It is intended to serve as a forum for disseminating information on auditing and accounting practices, business and finance, and topics of current national and international interest.
These publications form the body of literature that fosters the Institute's policy of promoting education and research.