INSTITUTE OF CERTIFIED PUBLIC ACCOUTANTS OF PAKISTAN (ICPAP)

1. 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 www.icpap.com.pk Certified Public Accountant

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

3. WHAT IS CERTIFIED PUBLIC ACCOUNTANT (CPA)?

4. 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.

5. 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.

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

7. IndustrialSector • How Many Professional Accountants do we have to cater the requirements of these sectors? • Who is replacing professional accountants in these sectors? • 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 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 Manufacturing • Automobile • Electronics • Garments

8. DIFFERENCE BETWEEN ICAP, ICMA & ICPAP

9. 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.

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

11. 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)

12. 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 ICPAP COURSES MODUlE-6 • 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 MODUlE-5 MODUlE-4 MODUlE-4 MODUlE-3 MODUlE-3 • 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 MODUlE-2 MODUlE-2 MODUlE-2 MODUlE-1 MODUlE-1 MODUlE-1 Foundation Level Professional Level Operational Level

13. FEE STRUCTURE (from 1st Jan 2013)

14. FEE STRUCTURE (from 1st Jan 2013)

15. FEE STRUCTURE (from 1st Jan 2013)

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

17. GLOBAL AFFILIATIONS

18. FULL AUDIT RIGHTS IN UAE

19. Approved Coaching Centers Mas Education Centre M01, Rose Tower, Next ADNOC, Behind ADCB, Salam Street, Abu Dhabi, UAE Email: masclasses@yahoo.com info@maseducationuae.com Web: http://www.maseducationuae.com Luminary Management Consulting Dubai International CityP.O. Box: 234521 Dubai, United Arab Emirates Email: info@luminaryconsultings.com GLOBAL Education Center Block A, Dream Sea Shopping Centre, 4th Floor, Sheikh Rashid Bin Hameed Street, Ajman, United Arab Emirates Email: info@gec-uae.com Web: www.gec-uae.com Main Murree Road, BaharaKahu, Islamabad Phone: 051-2574877Email: info@al-wadood.edu.pkWeb: www.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.pk Web: www.lsa.edu.pk Kuwait St., Karama - Dubai – UAE Email: info@pacdubai.com Web: www.pacdubai.com

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