Institute of Chartered Accountants of Pakistan
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The Institute of Chartered Accountants of Pakistan is a professional accountancy body in Pakistan. It is the sole organization in Pakistan with the right to award the Chartered Accountant designation.
Institute of Chartered Accountants of Pakistan (ICAP) was established on July 1, 1961 to regulate the profession of accountancy in the Country. It is a statutory autonomous body established under the Chartered Accountants Ordinance 1961.With the significant growth in the profession, the CA Ordinance and Bye-Laws were revised in 1983.
In view of globalization of the accountancy profession, the Institute is in the process of updating the Ordinance and Bye-Laws once again.
The head office of the Institute is in Clifton, Karachi in its own premises. The Institute also has regional offices at Lahore and Islamabad. The ICAP is a member of International Federation of Accountants (IFAC), International Accounting Standards Board (IASB), Confederation of an Asian & Pacific Accountants (CAPA) and South Asian Federation of Accountants (SAFA).
The course involves a blend of theoretical education and practical training which run concurrently for a period of three years and equips a student with knowledge, ability, skills and other qualities required of a professional accountant.
Membership of ICAP reached the 5,221 mark.[1]
