Welcome to the information about Institute of Chartered Accountants of Pakistan
The Institute of Chartered Accountants of Pakistan is a professional body of Chartered Accountants in Pakistan, and represents accountants employed in public practice, business and industry, and the public and private sectors.
At ICAP we realize that education, professional values and ethics are critical, and hold together the forces that continue to pull us towards globalization, yet persuade us to retain our distinctive identity.
About ICAP
The Institute of Chartered Accountants of Pakistan was established under The Chartered Accountants Ordinance, 1961 as a self regulatory body and it operates under the CA Bye Laws 1983.
ICAP is an examining body for the candidates aspiring to become Chartered Accountants. It regulates the accounting and auditing profession in Pakistan, which inter alia include:
Standard setting
Quality Control
Investigation
Affairs of ICAP are governed by a Council comprising of 19 members. 15 members of the Council are elected by ICAP members and 4 council members are nominated by the Federal Government. Current nominees of the Government are Chairman SECP, Deputy Auditor General of Pakistan, Secretary Planning and Development (formerly Chairman FBR) and Secretary Finance.
Apart from its core functions, ICAP contributes in promoting corporate governance, formulating economic policies of Federal and Provincial Governments including federal budget making with specific focus on taxation.
ICAP is also a prominent participant of professional activities and development at international level. Presently, ICAP nominees are working in the following capacities on various international bodies:
Member of the IFAC Board
Member of the International Auditing and Assurance Standards Board
Member of the IFAC Developing Nations Committee
Member of the IFAC Professional Accountants in Business Committee
Chairman of International Standards of Accounting & Reporting of UNCTAD
Member of the Board of Confederation of Asia and Pacific Accountants
Member of the Board of South Asian Federation of Accountants
Member of Asian-Oceanian Standard-Setters Group
ICAP'S Vision
'The profession of Chartered Accountants in Pakistan should be the benchmark of professional excellence upholding the principles of integrity, transparency and accountability'.
ICAP'S mission
'Our mission is to achieve excellence in professional competence, add value to businesses and economy, safeguard public interest; ensure ethical practices and good corporate governance while recognizing the needs of globalization.'
Council & President > Council
Name View Profile
Shaikh Saqib Masood President
Hafiz Mohammad Yousaf Vice President (North)
Zahid Iqbal Bhatti Vice President (South)
Abdul Rahim Suriya
Adnan Zaman
Ahmad Saeed
Nazir Ahmad Chaudhri
Khalid Rahman
Mohammad Abdullah Yusuf
Nadeem Yousuf Adil
Naeem Akhtar Sheikh
Pervez Muslim
Rafaqat Ullah Babar
Rashid Rahman Mir
Yacoob Suttar
Government Nominees :
Salman Siddique - Chairman Federal Board of Revenue Government of Pakistan FBR House, Constitution Avenue Islamabad
Dr Waqar Masood Khan - Secretary Finance
Muhammad Ali - Chairman Security & Exchange Commission of Pakistan NIC Building, Jinnah Avenue
Blue Area Islamabad
Muhammad Ayub Khan Tarin - Additional Auditor General of Pakistan
Brief CV of Mr. Saqib Masood
PRESIDENT
Current placement & Past experience
Senior Partner Taxation ‐ Head of Taxation and Corporate Advisory services of KPMG Taseer Hadi &i Co. Chartered Accountants.
Head of Tax ‐ KPMG Middle East & South Asia [MESA]..
Possessed 25 years experience of Auditing and Practicing in Tax laws including 15 years as Partner in
KPMG Taseer Hadi & Co.
Also been the President of Income Tax Bar Association and remained member of Board of Governors
of PIPFA for the term (2005‐2009).
Education
Bachelor of Commerce (Pakistan)
Professional association
Fellow member - Institute of Chartered Accountants of Pakistan (ICAP)
Association with ICAP
Chairman of Committee on Financial Sector, Committee on Taxation and Task force for
acquisition of land.
member of Executive Committee, Examination Committee, Professional Standards and
Technical Advisory Committee, Committee On Taxation, Joint Committee Of ICAP and FBR,
Joint Committee Of ICAP and SBP, Committee For Quality Control On Tax Audit and a number
of other task forces.
Also been a Member of the past Council of ICAP and also served as its Vice President.
Also contributed as a Chairman Examination Committee, Chairman Taxation Committee,
Chairman Technical Advisory Committee and Chairman Financial Sector Committee.
International representation
Represented the Institute at SAFA meetings in 2010.
Past Presidents
Year:Name
1961-1962
S. Osman Ali
1962-1963
M. Ahmad
1963-1966
M. Aslam
1966-1969
Vaqar Ahmed
1969-1970
A. Rab
1970-1972
V. A. Jafarey
1972-1973
M. Yakub
1973-1975
Ejaz Ahmed Naik
1975-1978
Abdur Raouf Shaikh
1979
Aftab Ahmed Khan
1979-1983
H. U. Beg
1983-1986
Irtiza Husain
1986-1988
Ebrahim S. H. Dahodwala
1988-1989
M. Afzal Munif
1989-1991
Ebrahim Sidat
1991-1992
Abdul Hameed Chaudhri
1992-1993
Khalid Rafi
1993-1994
Muhammad Yousuf Adil
1994-1996
Syed Masoud Ali Naqvi
1996-1997
Sajjad Ahmad
1997-1998
Ahmad Dawood Patel
1998-1999
Najam I. Chaudhri
1999-2000
Shaukat Amin Shah
2000-2001
Pir Mohammad A. Kaliya
2001-2002
A. Husain A. Basrai
2002-2003
Khaliq-ur-Rahman
2003-2004
Mujahid Eshai
2004-2005
Zafar Iqbal Sobani`
2005-2006
Syed Mohammad Shabbar Zaidi
2006-2007
Nasimuddin Hyder
2007-2008
Imran Afzal
2008-2009
Syed Asad Ali Shah
2009-2010
Abdul Rahim Suriya
BECOME C.A
What is Chartered Accountancy
Chartered Accountants work for big and small firms that offer fee earning advisory and management services to a variety of clients and businesses in the industrial, commercial and non profit sectors. They audit the accounts of these clients and businesses and can also be involved in specialist areas of financial advice such as tax. Chartered Accountants are also employed in commercial organizations, banks, and the private and public sectors.
To become a Chartered Accountant you need to be motivated, possess analytical skills, numerical ability, a keen sense of what is going on in the world of business and finance, and personal qualities such as reliability and discretion. You will be required to study business and corporate finance, economics, auditing, taxation, management and information systems.
Visit… for all your questions about Entry Requirements and Examinations
Why Choose a Career in Accounting
Chartered Accountancy is a rewarding career and there are excellent prospects for employment in audit firms as well as in local companies, multi-nationals, and local and foreign banks. The profession has stood the test of time, and career opportunities for Chartered Accountants are unfolding as corporations increasingly realize the importance of professional values, ethics and good governance.
Why Choose ICAP
The Institute of Chartered Accountants of Pakistan (ICAP)
is a professional body of Chartered Accountants in Pakistan, and represents accountants employed in public practice, business and industry, and the public and private sectors. The Institute is a member of the International Federation of Accountants (IFAC) which is the global organization for the accountancy profession.
“ICAP has approx. 4,000 members who are currently working in 35 countries worldwide. With thousands of students joining our prestigious fraternity, we offered approx. 300 ambassadors to the local and international market in the year 2006.”
The transformation to global financial reporting standards requires the internalization of new values and attitudes. At ICAP we realize that education is critical and holds together the centrifugal forces that continue to pull us towards diversification, yet persuade us to retain our distinctive identity.
The head office of the Institute is housed in its own premises in Karachi at Teen Talwar, Clifton with regional offices in Islamabad, Lahore, Multan and Faisalabad.
STUDENTS:
The Institute is committed to regulate the education, training and examination of its students in order to ensure that a newly qualified Chartered Accountant can continue to be confidently regarded as:
* Having a sound grounding in the major subject of accountancy, business, finance and management which can be further developed by continuing education and which can be drawn on for a professional lifetime;
* Being fully equipped with the professional attitudes expected of a member of the Institute;
* Being ready to undertake work, demanding qualities and skills expected of a chartered accountant and being able, with suitable induction, speedily to acquire any additional accountancy skills required for particular task in public practice, industry, commerce or else where.
To achieve the above objectives the Institute continues to review and update its prescribed syllabus and education and training schemes. The present syllabus was recently updated and restructured to meet the challenges of the fast changing global and national economic scenarios.
From 1994 a Pre-entry Proficiency Test (PPT) was introduced to determine the suitability of candidates before being registered as Trainee Students. PPT is mandatory for all entrants except those who are exempt from PPT.
