Established 1993 Students >25,000 | President Sajid Hussain Location Karachi, Pakistan | |
Type Professional Accountancy Institute Campus Karachi Head Office, Branch Offices at Lahore, Islamabad, and Faisalabad | ||
Pakistan Institute of Public Finance Accountants (PIPFA) is an autonomous body recognized mainly in the government sector and established under license from the Securities and Exchange Commission of Pakistan by the authority given under section 42 of the Companies Ordinance, 1984.
Contents
- Mission statement
- International recognition
- Administrative structure
- Educational requirements
- Global Affiliation
- References
The body is co-sponsored by the Institute of Chartered Accountants of Pakistan, the Institute of Cost and Management Accountants of Pakistan and the Auditor General of Pakistan.
PIPFA has more than 5,000 members and a number of them are members of ICAP and ICMAP.
The institute was established to produce a second tier of accounting professionals in Pakistan.
Mission statement
"identification, development and imparting knowledge to provide a structure for the training of accounting professionals in the specialized areas"[2]
International recognition
PIPFA is the associate member of International Federation of Accountants (IFAC).
Administrative structure
There are 12 Governors on the Board. Three governors are appointed by each of the three sponsoring bodies and the members of the Association elect three.
In addition to the Board of Governors, PIPFA has the following committees: Examination Committee, Executive Committee, Publication and Seminar Committee, Board of Studies, Regulation and Discipline Committee. These committees are established for the following purposes:
Educational requirements
The prerequisite entry requirement is Intermediate education from a recognized education board, university or institution or any other qualification considered equivalent by the Board of Governors or A Levels of General Certificate of Education.
Candidates who have passed CMA Program offered by ICMAP or CA Program by ICAP examinations are eligible for direct membership of the Institute. On July,2016 BOD announced Gateway entry test to membership for ICAP students and ICMAP students who has passed up to CAF and stage 4 respectively. The first gateway exams to be held on November 2016
Global Affiliation
Association of Chartered Certified Accountants (ACCA) grants exemptions in five papers (F2, F3, F4, F5 &F7) to PIPFA affiliate and members.
Chartered Institute of Public Finance and Accountancy (CIPFA) grants Direct route to CIPFA membership for members of the Pakistan Institute of Public Finance Accountants(PIPFA).
Chartered Institute of Management Accountants (CIMA) grants complete exemption from certificate level and operational level consisting of eight papers. (Operational level study case Excluded).