Institute of Chartered Accountants of Pakistan

Infobox_University
name =Institute of Chartered Accountants of Pakistan
native_name =
latin_name =


motto =
established =1961
type =Chartered accountancy body, Professional institute
endowment =
staff =
faculty =
president =Imran Afzal
students =>35,000
members =>4,000
postgrad =
doctoral =
profess =
city =Karachi
province =
country =Pakistanflagicon|Pakistan
campus =Karachi Head Office, Lahore, Islamabad, Multan and Faisalabad
affiliations =International Federation of Accountants and International Accounting Standards Board
website = [http://www.icap.org.pk/ www.icap.org.pk] The Institute of Chartered Accountants of Pakistan is a professional accountancy body in Pakistan. By 5th May, 2008, it has total 4393 members working in and outside Pakistan. [http://www.icap.org.pk/web/links/134/memberstatistics.php] 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 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 course of ICAP 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.

The head office of the institute is in Karachi in its own premises. The institute also has regional offices at Lahore and Islamabad.

Mission Statement

"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."

International Association

The ICAP is a member of International Federation of Accountants (IFAC), International Accounting Standards Board (IASB), Confederation of Asian and Pacific Accountants (CAPA) and South Asian Federation of Accountants (SAFA).

ee also

*IFACnet
*Institute of Cost and Management Accountants of Pakistan
*Pakistan Institute of Public Finance Accountants

External links

* [http://www.icap.org.pk/ Official homepage]
* [http://www.icap.org.pk/web/links/0/listoffirmshavingsatisfactoryqcrrating.php Firms having satisfactory QCR Rating in Pakistan]
* [http://www.accountancy.com.pk Pakistan Accountancy Forum Official Website]
* [http://www.ifacnet.com/ IFACnet - A KnowledgeNet for Accountants in Business]