The Institute of Chartered Accountants of Pakistan (ICAP) established under The Chartered Accountants Ordinance, 1961 is a self-regulatory body of professional accountants in Pakistan. It represents accountants employed in public practice, business and industry, and the public and private sectors.
The functions of Institute include conducting examinations of the candidates aspiring to become Chartered Accountants, monitoring and developing the profession through its rigorous quality control mechanism and standard setting. Apart from its core functions, ICAP in public interest contributes significantly in promoting good corporate governance, formulating economic policies of federal and provincial governments including federal budget formulation with specific focus on taxation.
ICAP professionals are spread across the globe and are in high demand due to their integrity, updated knowledge through Continuous Professional Development programs and command over area of expertise. Initially on the Institutes’ establishment, there were a handful of accountants. However, today the number exceeds six thousand, and out of this number more than 80% are employed in the industry.
The Institute is fully cognizant of the obligation it carries towards the business and finance professionals and committed to provide a better platform for the financial leaders of the country to discuss the future scenarios and challenges.