ICAP's Winter 2026 papers run from 1 to 9 December 2026: MSA-1 on 1 Dec, SCS on 2 Dec, and the six CFAP papers from 3 to 9 Dec. The next CAF sitting is Spring 2027, from 1 to 10 February 2027. Autumn 2026 CAF (17–25 Aug) and CFAP (1–7 Sep) are finished, and results are expected on 19 October 2026.
Paper dates don't move often, but mistakes cost a full attempt. So here is the whole ICAP calendar in one place, taken straight from ICAP's published examination programs. Find your stage, find your paper, and check it against the official PDF in the downloads section before you plan anything.
Looking for India's CA (ICAI) instead? This page covers Pakistan's ICAP. ICAI runs a different calendar, and its September 2026 exams are held 1–12 September for Inter and 2–9 September for Foundation.
ICAP issued this program on 5 September 2026. The two case-study style papers start at 9:00 am and finish at 1:15 pm, reading time included. CFAP papers run 9:00 am to 12:30 pm, also including reading time.
SCS and MSA-1
|
Date |
Paper |
Subject |
|---|---|---|
|
Tue, 1 Dec 2026 |
MSA-1 |
Financial Reporting and Assurance Professional Competence |
|
Wed, 2 Dec 2026 |
SCS |
Strategic Case Study |
CFAP
|
Date |
Paper ID |
Subject |
|---|---|---|
|
Thu, 3 Dec 2026 |
CFAP-1 |
Advanced Corporate Reporting |
|
Fri, 4 Dec 2026 |
CFAP-3 |
Sustainability Reporting and Assurance |
|
Sat, 5 Dec 2026 |
CFAP-6 |
Audit, Assurance and Data |
|
Mon, 7 Dec 2026 |
CFAP-5 |
Tax Practices and Planning |
|
Tue, 8 Dec 2026 |
CFAP-4 |
Strategic Business Finance |
|
Wed, 9 Dec 2026 |
CFAP-2 |
Corporate Laws and Governance |
Notice the order: ICAP does not run CFAP papers in numerical sequence. CFAP-2 comes last, so don't plan your revision around the paper numbers.
CAF stands for Certificate in Accounting and Finance, the first professional stage after registration. Exams start at 9:00 am and last 3 hours 15 minutes, including 15 minutes of reading time.
|
Date |
Paper ID |
Subject |
|---|---|---|
|
Mon, 1 Feb 2027 |
CAF-1 |
Financial Accounting and Reporting |
|
Tue, 2 Feb 2027 |
CAF-8 / GCC-5 |
Audit and Assurance Essentials |
|
Wed, 3 Feb 2027 |
CAF-4 |
Business Law Dynamics |
|
Thu, 4 Feb 2027 |
CAF-5 / GCC-3 |
Management Accounting |
|
Sat, 6 Feb 2027 |
CAF-2 / GCC-2 |
Taxation Principles and Compliance |
|
Mon, 8 Feb 2027 |
CAF-7 |
Business Insights and Analysis |
|
Tue, 9 Feb 2027 |
CAF-3 |
Data, Systems and Risks |
|
Wed, 10 Feb 2027 |
CAF-6 / GCC-4 |
Corporate Reporting |
GCC students: GCC-1 is computer-based and is held right after the CAF/GCC papers; the exact date arrives on your admit card. There is no fixed calendar date to put in your diary yet.
Download from ICAP directly, and save a copy:
ICAP charges a 25% late fee in the first late window and 50% in the second. Pay on time if you can.
|
Session |
Forms open |
Last date, no late fee |
25% late fee |
50% late fee |
Result (expected) |
|---|---|---|---|---|---|
|
CAF Spring 2027 |
10 Nov 2026 |
7 Dec 2026 |
14 Dec 2026 |
21 Dec 2026 |
19 Apr 2027 |
|
Winter 2026 CFAP/SCS/MSA (new registrations) |
9 Sep 2026 |
30 Sep 2026 |
5 Oct 2026 |
7 Oct 2026 |
18 Jan 2027 |
|
Autumn 2026 CAF and CFAP |
Closed |
Closed |
Closed |
Closed |
19 Oct 2026 |
ICAP states that all dates are tentative and may change because of unforeseen circumstances.
CAF runs 1–10 February and 2–11 August 2027. CFAP sits in March (1–6), June (1–8), September (1–7) and December (1–8). That is a change from 2026, so check your attempt month twice.
CAF Spring 2026: 2–10 March 2026
CAF Autumn 2026: 17–25 August 2026
CFAP Autumn 2026: 1–7 September 2026
Reach the centre early and carry your admit card and ID. If a public holiday lands on a paper day, ICAP can shift that paper. The Autumn 2026 notice said that if Eid Milad-un-Nabi fell on Tuesday 25 August, that day's paper would move to Wednesday 26 August. Always watch ICAP's notices in the final week.
ICAP holds Winter 2026 from 1 to 9 December 2026, covering MSA-1, SCS and all six CFAP papers.
CAF Spring 2027 starts on 1 February 2027 and ends on 10 February 2027.
They start at 9:00 am and last 3 hours 15 minutes, including 15 minutes of reading time.
ICAP's 2026 schedule lists 19 October 2026 as the expected date for both CAF and CFAP. It is tentative.
CAF is Certificate in Accounting and Finance. CFAP is Certified Finance and Accounting Professional. SCS is Strategic Case Study. MSA is Multi-Subject Assessment.