ICAP Exemption policy

ICAP allows exemptions on the basis of academic qualifications. Exemption from the ICAP with previous academic qualification could be received in the following categories.

  • Four year Degree from specified Degree awarding Institute (SDAI).
  • Four year degree from University other than SDAI.
  • Two year degree from any University
  • Higher Secondary School Certificate (HSSC) or equivalents
  • A-levels

Stages

Available Exemptions and Conditions applicable

4 years Graduate From SDAI4 years Graduate From none SDAI 2 years Graduates HSSC A-Levels
AFC Exemption of all papers of AFC Exemption of all papers of AFC Exemption of all papers of AFC Exemption of all papers of AFC Exemption of all papers of AFC
Without another Condition Minimum 60% marks in aggregateMinimum 60% marks in aggregate Minimum 70% marks in aggregate Minimum two B grades
Minimum 60% marks or equivalent grades in relevant subjects Minimum 75% marks or equivalent grades in relevant subjects Minimum 75% marks or equivalent grades in relevant subjectsB grades in relevant subjects
Syllabus matches at least 70% with the prescribed syllabus of relevant subjects Syllabus matches at least 70% with the prescribed syllabus of relevant subjects Syllabus matches at least 70% with the prescribed syllabus of relevant subjects Syllabus matches at least 70% with the prescribed syllabus of relevant subjects Syllabus matches at least 70% with the prescribed syllabus of relevant subjects
CAF Exemption from all CAF papers Exemption from CAF-1 to CAF-4 Exemption From CAF-1 and CAF-2 Exemption From CAF-1 and CAF-2 Exemption From CAF-1 and CAF-2
Minimum 60% marks or equivalent grades in relevant subjects Minimum 60% marks in aggregateMinimum 60% marks in aggregate Minimum 70% marks in aggregate Minimum two B grades
Minimum 60% marks or equivalent grades in relevant subjects Minimum 75% marks or equivalent grades in relevant subjects Minimum 75% marks or equivalent grades in relevant subjectsB grades in relevant subjects
Syllabus matches at least 70% with the prescribed syllabus of relevant subjects Syllabus matches at least 70% with the prescribed syllabus of relevant subjects Syllabus matches at least 70% with the prescribed syllabus of relevant subjects Syllabus matches at least 70% with the prescribed syllabus of relevant subjects Syllabus matches at least 70% with the prescribed syllabus of relevant subjects

Note: SDAI’s are degree awarding Institutes recognized by the institute on the basis of predefined criteria and evaluation by the institute. The Degree courses of SDAI’s are designed in close coordination with the institute.

ACCACIMAICAMPPIPA

Assessment of Fundamental Competencies (AFC)

AFC-1Functional EnglishYYYY
AFC-2Business CommunicationNNYY
AFC-3Quantitative TechniquesYYYY
AFC-4Information TechnologyNNYY

Certificate in Accounting and Finance (CAF)

CAF-1Introduction to AccountingYYYY
CAF-2Introduction to Economics and FinanceNYYY
CAF-3Bussiness LawNNYY
CAF-4Business Management and Bahevioral studiesNNYN
CAF-5Financial Accounting and Reporting-1YYYN
CAF-6Principle of TaxationY*NYN
CAF-7Financial Accounting and Resporting-2YYYN
CAF-8Cost and Management AccountingYYYN
CAF-9Audit and AssuranceY*NNN

Note: * Exemption from (CAF-6 Principles of Taxation) Would be granted to candidates who has passed (F-6 Taxation) – Pakistan variant, & Exemption from (CAF-9 Audit and Assurance) shall be granted to candidates who has passed (P7 Advance Auditing).