Institute of Chartered Accountants of Pakistan

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Institute of Chartered Accountants of Pakistan

ادارہَ محاسبانِ منشوری ، پاکستان
Abbreviation	ICAP
Predecessor	Ministry of Commerce
Formation	July 1, 1961; 63 years ago (1961-07-01)
Legal status	Body corporate established under The Chartered Accountants Ordinance, 1961 that was promulgated by the President of Pakistan
Headquarters	Chartered Accountants Avenue, Clifton, Karachi -75600
Coordinates	24°59′03.0″N 67°02′07.6″E / 24.984167°N 67.035444°E / 24.984167; 67.035444
Membership	10,096 (2024)
Official language	English, Urdu
President	Mr. Farrukh Rehman
Vice President 1	Ms. Khursheed Kotwal
Vice President 2	Mr. Zeeshan Ijaz
Affiliations	International Federation of Accountants (IFAC), South Asian Federation of Accountants (SAFA)
Students	>approx. 75,000
Website	www.icap.org.pk

The Institute of Chartered Accountants of Pakistan (Urdu: ادارہَ محاسبانِ منشوری ، پاکستان, ICAP) is a professional accountancy body in Pakistan. It has over 10,096 members working locally and globally.^[1][2] The institute was established on July 1, 1961 to regulate the profession of accountancy in Pakistan. It is a statutory autonomous body established under the Chartered Accountants Ordinance, 1961. With the significant growth in the profession, the CA Ordinance and By-Laws were revised in 1983.

The course of ICAP involves a blend of theoretical education and practical training which runs for a period of approximately 6 years and equips a student with knowledge, ability, skills and other qualities required of a professional accountant.

The course of CA by ICAP involves 4 stages named PRC, CAF, CFAP and MSA. PRC stage has 5 papers, CAF stage has 2 groups (group A and group B) 4 papers in group A and 4 papers in group B, CFAP stage has 6 papers and MSA stage has 2 papers but in-between after CAF stage there is a period of mandatory training.

The head office of the institute is in Clifton, Karachi where it has its own premises. The institute also has regional offices at Lahore, Islamabad, Peshawar, Multan, Gujranwala, Sukkur, Quetta, Mirpur, Faisalabad, Abbottabad and Hyderabad.^[3]