Masoud Naqvi, Senior Partner
KPMG Taseer Hadi & CO
Chartered Accountants
24 November 2007
Masoud Naqvi, Senior Partner
KPMG Taseer Hadi & CO
Chartered Accountants
24 November 2007
GLOBAL SERVICE/ INDUSTRY
AUDIT / TAX / ADVISORY / LINE OF BUSINESS
Accountancy as a ProfessionAccountancy as a Profession
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ACCOUNTANCY AS A PROFESSIONACCOUNTANCY AS A PROFESSION
Chartered Accountant ( ACA and FCA )Chartered Accountant ( ACA and FCA )
Certified Accountant ( ACCA, CPA )Certified Accountant ( ACCA, CPA )
Cost and Management Accountant (ACMA and FCMA )Cost and Management Accountant (ACMA and FCMA )
Masters in AccountsMasters in Accounts
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ICAP is a monitoring and regulatory bodyICAP is a monitoring and regulatory body
Education & Training Education & Training
ExaminationsExaminations
MembershipMembership
INSTITUTE OF CHARTERED ACCOUNTANTS OF PAKISTANINSTITUTE OF CHARTERED
ACCOUNTANTS OF PAKISTAN
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WHAT IS WHAT IS CHARTERED ACCOUNTANCYCHARTERED ACCOUNTANCY
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A Financial market qualification in AccountingA Financial market qualification in Accounting
Study of how businesses track their income and assets Study of how businesses track their income and assets over timeover time
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INTERNATIONAL RECOGNITIONINTERNATIONAL RECOGNITION
ICAP’s scheme of study is ICAP’s scheme of study is fully compliant with the fully compliant with the Rules & Regulations of:Rules & Regulations of:
International International Accounting Standards Accounting Standards International Standards International Standards of Auditingof AuditingInternational International Educational Educational Standards(IES) of Standards(IES) of International Federation International Federation of Accountants(IFAC) of Accountants(IFAC)
ICAP is a member of:ICAP is a member of:
International Federation International Federation of Accountants (IFAC), of Accountants (IFAC), International Accounting International Accounting Standards Board (IASB), Standards Board (IASB), Confederation of a Asian Confederation of a Asian & Pacific Accountants & Pacific Accountants (CAPA) (CAPA) South Asian Federation of South Asian Federation of Accountants (SAFA).Accountants (SAFA).
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PAKISTANI CHARTERED ACCOUNTANTSPAKISTANI CHARTERED ACCOUNTANTS
16%
24%
3% 1%
55%
1%
Practice Overseas Industry Banks Education Governement
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• Rapid GrowthRapid Growth
• Business Business qualificationqualification
• Highly rewardingHighly rewarding
• Top managementTop management
• Private practicePrivate practice
BECOMING A CHARTERED ACCOUNTANTCAREER PROSPECTS
BECOMING A CHARTERED ACCOUNTANTCAREER PROSPECTS
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The ICAP Education Scheme currently The ICAP Education Scheme currently in operation is Modular in nature in operation is Modular in nature comprising of six modules known as:comprising of six modules known as:
•Module A and B (Foundation)Module A and B (Foundation)
•Module C and D (Intermediate) Module C and D (Intermediate)
•Module E and F (Final). Module E and F (Final).
PROFESSIONAL COURSE PROFESSIONAL COURSE
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FOUNDATION EXAMINATIONFOUNDATION EXAMINATION
Module - A MARKS
Paper A 1 Functional English 100Paper A 2 Quantitative Methods 100Paper A 3 Introduction to Economics and Finance 100
Module - B
Paper B 4 Introduction to Financial Accounting 100Paper B 5 Mercantile Law 100Paper B 6 Introduction to Information Technology 100
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INTERMEDIATE EXAMINATIONINTERMEDIATE EXAMINATION
Module - CModule - C MARKSMARKS
Paper C 7Paper C 7 Financial AccountingFinancial Accounting 100 100Paper C 8Paper C 8 TaxationTaxation 100 100Paper C 9Paper C 9 Business Com. & Behavioural Studies 100Business Com. & Behavioural Studies 100
Module - D Module - D
Paper D 10Paper D 10 Company LawCompany Law 100 100Paper D 11Paper D 11 AuditingAuditing 100 100Paper D 12Paper D 12 Cost AccountingCost Accounting 100 100Paper D 13Paper D 13 Information TechnologyInformation Technology 100 100
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FINAL EXAMINATIONSFINAL EXAMINATIONS
Module – EModule – E Marks Marks Paper E 14Paper E 14 IT Management, Audit and Control IT Management, Audit and Control 100 100
Paper E 15 Paper E 15 Ad. Accounting & Financial Reporting Ad. Accounting & Financial Reporting 100 100
Paper E 16 Paper E 16 Corporate Laws Corporate Laws 100 100
Paper E 17Paper E 17 Business Management Business Management 100 100
Module - FModule - F Paper F 18Paper F 18 Management Accounting Management Accounting 100 100
Paper F 19Paper F 19 Business Finance Decisions Business Finance Decisions 100 100
Paper F 20Paper F 20 Advanced Taxation Advanced Taxation 100 100
Paper F 21 Paper F 21 Advanced Auditing Advanced Auditing 100 100
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PROSPECTIVE FOUNDATION COURSE (PFC) SCHEME
PROSPECTIVE FOUNDATION COURSE (PFC) SCHEME
Bachelor Degree Holders Bachelor Degree Holders
Study Privately for Study Privately for Intermediate ExaminationsIntermediate Examinations
CHARTERED ACCOUNTANTCHARTERED ACCOUNTANT
Training for 3 ½ yrsTraining for 3 ½ yrs+ Final Exams+ Final Exams
Appear in PPTAppear in PPT* Min Second Division* Min Second Division
PPT ExemptPPT Exempt* For First Division Holders* For First Division Holders
Financial helpFinancial help
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Chartered AccountantChartered Accountant
Training for 5 yrs + Modules A-F
Bachelor Degree Holders2-3 years Graduates
Pass PPT/ PPT Exempt
DIRECT GRADUATE SCHEMEDIRECT GRADUATE SCHEME
Bachelor Degree Holders4 years Graduates
Pass PPT/ PPT Exempt
Training for 4 yrs + Modules A-F
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POST GRADUATE TRAINEE SCHEMEPOST GRADUATE TRAINEE SCHEME
Masters Degree HoldersMasters Degree Holders (Min Second Div)(Min Second Div)
PPT ExemptPPT Exempt
4 yrs Training 4 yrs Training + remaining papers not exempted+ remaining papers not exempted
Chartered AccountantChartered Accountant
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HSC with minimum Grade B (60% Mark) HSC with minimum Grade B (60% Mark)
A Levels with minimum two Cs A Levels with minimum two Cs
Bachelor Degree holders (1st division)Bachelor Degree holders (1st division)
Post Graduates ( minimum 2nd division)Post Graduates ( minimum 2nd division)
EXEMPTIONS FROM PPTEXEMPTIONS FROM PPT
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ELIGIBILITY FOR PPTELIGIBILITY FOR PPT
Minimum 45% marks in HSC Minimum 45% marks in HSC
Minimum two passes in A Levels Minimum two passes in A Levels
Graduates with 2Graduates with 2ndnd Division or less Division or less
Post Graduates with less than 2Post Graduates with less than 2ndnd Division Division
*Candidates are allowed to appear in PPT on *Candidates are allowed to appear in PPT on awaiting result basis.awaiting result basis.
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OPPORTUNITIES FOR QUALITY STUDENTS OPPORTUNITIES FOR QUALITY STUDENTS
2-3 years Graduates :2-3 years Graduates :
Exemptions from papers A1, A2 and B3Exemptions from papers A1, A2 and B3
• Obtain 70% marks overall Obtain 70% marks overall • Minimum 60% marks in relevant paper (s)Minimum 60% marks in relevant paper (s)• Obtain 75% in relevant subjects of Module A Obtain 75% in relevant subjects of Module A paper ( s) paper ( s)
* Subject to at least 70% match of course content* Subject to at least 70% match of course content
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OPPORTUNITIES FOR QUALITY STUDENTS OPPORTUNITIES FOR QUALITY STUDENTS
4 years Graduates / Post Graduates4 years Graduates / Post Graduates
Candidates with minimum of 70% marks in relevant Candidates with minimum of 70% marks in relevant papers will be granted exemption for that specific papers will be granted exemption for that specific paper(s) subject to 70% match of course contents of paper(s) subject to 70% match of course contents of relevant paper(s) relevant paper(s)
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• Permanent Credit Permanent Credit retentionretention
• 50% Pass Percentage50% Pass Percentage
UPDATESUPDATES
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The information contained herein is of a general nature and is not intended to address the circumstances of any particular individual or entity. Although we endeavor to provide accurate and timely information, there can be no guarantee that such information is accurate as of the date it is received or that it will continue to be accurate in the future. No one should act on such information without appropriate professional advice after a thorough examination of the particular situation.
© 2006 KPMG Taseer Hadi & Co., a partnership firm registered in Pakistan and a member firm of the KPMG network of independent member firms affiliated with KPMG International, a Swiss cooperative. All rights reserved. Printed in Pakistan.
The KPMG logo and name are trademarks of KPMG International.
PRESENTER:PRESENTER:
SYED MASOUD ALI NAQVISYED MASOUD ALI NAQVI
KPMG Taseer Hadi & Co.KPMG Taseer Hadi & Co.
+92-21 568 1054+92-21 568 1054
[email protected]@kpmg.com
www.kpmg.com.www.kpmg.com.