Chartered Accountancy CA in Pakistan is the qualification of accountancy having bright prospects. It is one of the most prestigious career options and it has gained remarkable popularity. Scope of CA in Pakistan offers a wide range of employment opportunities in the field of taxation, business, finance, general management, banking, and audit. Institute of Chartered Accountant of Pakistan (ICAP) is responsible to conduct the CA examination in Pakistan. This institute is authorized to arrange and check the CA papers. The CA course can be certified only by this institute, no other regulatory body is eligible to provide the legal certification. The course includes theoretical and practical education to train the students as per CA scope in pakistan 2022. The duration of the course varies depending upon your previous education. The students can apply in CA after doing the intermediate or bachelors.
CA Scope In Pakistan/Abroad
Due to an increase of interest in entrepreneurship, the demand for the CA has considerably been enhanced. Now, most people like to pursue their career as a chartered accountant to excel in life. It is a rewarding career both for the public and the private sector. The CA is recognized worldwide and the candidates that have completed CA are eligible to get the job in any other country as well. Their basic job is to maintain the accounts and provide advisory services on financial issues. There is almost zero unemployment rate for the CA.
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Main Routes To Enter In CA
There are two main ways from which you can take admission in CA which is as per according to The Institute of Chartered Accountants of Pakistan. These are as follows:
Full Time Scheme
In this scheme, students can apply for CA as a profession after doing their 12 years of education (which is a Higher School Certificate), Students can also apply for CA after their A levels or other equivalent qualifications.
- Minimum 50% marks with Higher Secondary School Certificate.
- ‘A’ Levels with minimum two passes, or equivalent qualification.
- A Graduate degree with minimum 45% marks.
Assessment of Fundamental Competencies (AFC)
Before taking admission into the professional exams, all the candidates have to pass or get the exemption from Assessment of Fundamental Competencies (AFC). A candidate may be registered for AFC exams as Full-time student even if their result of pre-requisite qualification is awaited. The students are needed to pass or obtain exemption from the papers of Certificate in Accounting and Finance (CAF) before training.
Training And Education
After completion of CAF, it is compulsory for the student to join an authorized organization of the Institute for training for specific time period. There are specific learning hours that the training includes. The number of hours are menioned in detail in the guidelines of the institute.
It is an opportunity for those students who wish to start practical training directly after completing:
- Minimum 45% marks or equivalent with graduation and post-graduation qualification
- Minimum 16 Years of age.
CA Frequently Asked Questions:
What does CA stands for?
CA stands for Chartered Accountancy in Pakistan.
Does CA have any bright prospects in Pakistan?
Yes CA have bright prospects in Pakistan.
What are the 2 main routes to enter in CA?
There are 2 main routes to enter in CA, Full-time scheme and trainee scheme.
What is the admission criteria for Full time scheme?
The admission criteria for Full time scheme is, 50 percent mark with Higher Secondary School Certificate or A level with minimum 2 passes or a Graduate degree with minimum 45 percent marks.
What is the admission criteria for Trainee scheme?
The admission criteria for Trainee scheme is, Minimum 45 percent marks with graduation and post-graduation qualification. Minimum 16 years of age.