Institute of Chartered Accountants of Pakistan
Member | Established: 1961 | Member since 1977
ICAP was established in 1961 to regulate Chartered Accountants (CAs) in Pakistan and its functions are established under the Chartered Accountants Ordinance of 1961 and ICAP Bye-Laws of 1983. ICAP’s responsibilities include i) establishing initial professional development (IPD) and continuing professional development (CPD) requirements for CAs; (ii) the operation of a quality assurance (QA) and investigative and disciplinary (I&D) systems; (iii) setting ethical requirements for its members; (iv) setting accounting standards as delegated and notified by the SECP; and (v) adopting and issuing auditing standards. The institute also awards the Associate Chartered Accountant and Fellow Chartered Accountant designations to members. CA’s are issued a Certificate of Practice by ICAP to conduct work as CAs. In addition to being a member of IFAC, ICAP is also a member of the Confederation of Asian and Pacific Accountants (CAPA) and South Asian Federation of Accountants (SAFA).
Statements of Membership Obligation (SMO)
The Statements of Membership Obligations form the basis of the IFAC Member Compliance Program. They serve as a framework for credible and high-quality professional accountancy organizations focused on serving the public interest by adopting, or otherwise incorporating, and supporting implementation of international standards and maintaining adequate enforcement mechanisms to ensure the professional behavior of their individual members.
Methodology
Last
updated: 10/2020
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Status of Fulfillment by SMO
Disclaimer
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Contact
Chartered Accountants Avenue
Clifton, Karachi-75600-11
Pakistan
Tel: (9221) 111-000-422
Fax: (9221) 99251626
secretary.office@icap.org.pk
http://www.icap.org.pk