The Institute of Chartered Accountants of Pakistan

HEAD OFFICE

Directive 1.14
I>eceDlber31,2010

NOTIFICATION ON EXEMPTIONS TO CAN1)II>ATES WHO HAVE PASSSEI> EXAMINATIONS OF ACCA, CIMAANI> ICMAP
11ris is to notify that the Council of the Institute of Chartered Accountants of Pakistan has reviewed the present exemption policy of the Institute in its meeting held on December 24, 2010 and has decided the following:

A Available exeDlptions
The exemptions from the following papers will be granted to the students who have passed all examinations of ACCA, CIMA and ICMAP:
Qualification ICAP Module lCAPPaper Additional Condition
i
: Pre-entry Proficiency Test Functional English Quantitative Methods Introduction to Financial Accounting i Financial Accounting Taxation Exemption will be granted to only i those candidates who have passed F6 Taxation (Pakistan variant) Cost Accounting Auditing Exemption win be granted to only those candidates who have passed F8 Audit and Assurance; and P7 Advanoed Audit and Assurance,

1.

ACCA

:
i

A A B C :C

i
D D

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i

2.

ClMA

A A B
B

Pre-entry Proficiency Test Functional English Quantitative Methods Introduction to Economics &
Finance

i
:

C D

Introduction to Financial Accounting Financial Accounting Cost Accounting

i
I

(Established under the Chartered Accountants Ordinance. 1961-X of 1961)

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Chartered AccounlantsAvenue, Clifton, Karachi-75600 (Pakistan) Ph: (92-21) 111 000422 Fax: 9251626

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Qualification
,

ICAP Module A A B B B C C C

lCAPPaper Pte-entry Proficiency Test Functional English Quantitative Methods : Introduction to Economics & Finance Introduction to Financial Accounting Mercantile Law Financial Accounting Taxation Business Communication & Behavioral Studies CompanvLaw Cost Accounting Information Technology

Additional Condition

3.
I

rCMAP

D D D

B. Effective date

This Directive will. become effective from April 1, 2011.

C. Repeal Effective April 1, 2011 this Directive supersedes the Council's Directive 2.02 to the extent that the said Directive relates to ACCA and eIMA.

(222nd meeting of the Council held on December 24, 2010)

Shoaib Ahmed
Secretary