IBA grads get a shortcut to chartered accountancy

MoU signed with ICAP exempting grads from four modules of the CA programme.


Our Correspondent February 12, 2013
Graduates of IBA’s BS programme will complete only two modules – E and F – and complete the chartered accountancy programme in just three years.

KARACHI: The Institute of Business Administration (IBA) signed a memorandum of understanding (MoU) with the Institute of Chartered Accountants of Pakistan (ICAP) on Tuesday, which will give graduates of IBA’s BS (accounting and finance) programme the opportunity to become chartered accountants while exempting them from taking the first four modules (12 papers) of the CA curriculum.

IBA Dean and Director Dr Ishrat Husain and ICAP President Ahmad Saeed signed the MoU at IBA’s main campus.

It is the first time that ICAP has allowed graduates of a business school the opportunity to avail a fast-track chartered accountancy programme, Saeed said while speaking on the occasion. Under the MoU, graduates of IBA’s BS programme will complete only two modules – E and F – and complete the chartered accountancy programme in just three years.

Addressing the audience, Husain said “I was told that the ICAP management was rigid and would not agree to such a proposal. I am happy I proved my detractors wrong by bringing ICAP on board,” he said.

Published in The Express Tribune, February 13th, 2013.

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COMMENTS (18)

mustafa | 11 years ago | Reply

the trainig period should be of 3.5 years for iba grads.why 3 years?

Rehan | 11 years ago | Reply

I have experience with internees of LUMS at Ernst & Young. Although they are smart, they lack knowledge in corporate laws, auditing standards, IFRS requirements and Taxation which are the core concepts for CA Profession.

The successful grads need too much to read and learn about module E syllabus as the normal stream CA students fail a lot in this module due to extremely large syllabus.

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