Masoud Naqvi, Senior Partner

KPMG Taseer Hadi & CO

Chartered Accountants

24 November 2007

Masoud Naqvi, Senior Partner

KPMG Taseer Hadi & CO

Chartered Accountants

24 November 2007

GLOBAL SERVICE/ INDUSTRY

AUDIT / TAX / ADVISORY / LINE OF BUSINESS

Accountancy as a ProfessionAccountancy as a Profession

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ACCOUNTANCY AS A PROFESSIONACCOUNTANCY AS A PROFESSION

Chartered Accountant ( ACA and FCA )Chartered Accountant ( ACA and FCA )

Certified Accountant ( ACCA, CPA )Certified Accountant ( ACCA, CPA )

Cost and Management Accountant (ACMA and FCMA )Cost and Management Accountant (ACMA and FCMA )

Masters in AccountsMasters in Accounts

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ICAP is a monitoring and regulatory bodyICAP is a monitoring and regulatory body

Education & Training Education & Training

ExaminationsExaminations

MembershipMembership

INSTITUTE OF CHARTERED ACCOUNTANTS OF PAKISTANINSTITUTE OF CHARTERED

ACCOUNTANTS OF PAKISTAN

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WHAT IS WHAT IS CHARTERED ACCOUNTANCYCHARTERED ACCOUNTANCY

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A Financial market qualification in AccountingA Financial market qualification in Accounting

Study of how businesses track their income and assets Study of how businesses track their income and assets over timeover time

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INTERNATIONAL RECOGNITIONINTERNATIONAL RECOGNITION

ICAP’s scheme of study is ICAP’s scheme of study is fully compliant with the fully compliant with the Rules & Regulations of:Rules & Regulations of:

International International Accounting Standards Accounting Standards International Standards International Standards of Auditingof AuditingInternational International Educational Educational Standards(IES) of Standards(IES) of International Federation International Federation of Accountants(IFAC) of Accountants(IFAC)

ICAP is a member of:ICAP is a member of:

International Federation International Federation of Accountants (IFAC), of Accountants (IFAC), International Accounting International Accounting Standards Board (IASB), Standards Board (IASB), Confederation of a Asian Confederation of a Asian & Pacific Accountants & Pacific Accountants (CAPA) (CAPA) South Asian Federation of South Asian Federation of Accountants (SAFA).Accountants (SAFA).

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PAKISTANI CHARTERED ACCOUNTANTSPAKISTANI CHARTERED ACCOUNTANTS

16%

24%

3% 1%

55%

1%

Practice Overseas Industry Banks Education Governement

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• Rapid GrowthRapid Growth

• Business Business qualificationqualification

• Highly rewardingHighly rewarding

• Top managementTop management

• Private practicePrivate practice

BECOMING A CHARTERED ACCOUNTANTCAREER PROSPECTS

BECOMING A CHARTERED ACCOUNTANTCAREER PROSPECTS

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The ICAP Education Scheme currently The ICAP Education Scheme currently in operation is Modular in nature in operation is Modular in nature comprising of six modules known as:comprising of six modules known as:

•Module A and B (Foundation)Module A and B (Foundation)

•Module C and D (Intermediate) Module C and D (Intermediate)

•Module E and F (Final). Module E and F (Final).

PROFESSIONAL COURSE PROFESSIONAL COURSE

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FOUNDATION EXAMINATIONFOUNDATION EXAMINATION

Module - A MARKS

Paper A 1 Functional English 100Paper A 2 Quantitative Methods 100Paper A 3 Introduction to Economics and Finance 100

Module - B

Paper B 4 Introduction to Financial Accounting 100Paper B 5 Mercantile Law 100Paper B 6 Introduction to Information Technology 100

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INTERMEDIATE EXAMINATIONINTERMEDIATE EXAMINATION

Module - CModule - C MARKSMARKS

Paper C 7Paper C 7 Financial AccountingFinancial Accounting 100 100Paper C 8Paper C 8 TaxationTaxation 100 100Paper C 9Paper C 9 Business Com. & Behavioural Studies 100Business Com. & Behavioural Studies 100

Module - D Module - D

Paper D 10Paper D 10 Company LawCompany Law 100 100Paper D 11Paper D 11 AuditingAuditing 100 100Paper D 12Paper D 12 Cost AccountingCost Accounting 100 100Paper D 13Paper D 13 Information TechnologyInformation Technology 100 100

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FINAL EXAMINATIONSFINAL EXAMINATIONS

Module – EModule – E Marks Marks  Paper E 14Paper E 14 IT Management, Audit and Control IT Management, Audit and Control 100 100

Paper E 15 Paper E 15 Ad. Accounting & Financial Reporting Ad. Accounting & Financial Reporting 100 100

Paper E 16 Paper E 16 Corporate Laws Corporate Laws 100 100

Paper E 17Paper E 17 Business Management Business Management 100 100

  

Module - FModule - F  Paper F 18Paper F 18 Management Accounting Management Accounting 100 100

Paper F 19Paper F 19 Business Finance Decisions Business Finance Decisions 100 100

Paper F 20Paper F 20 Advanced Taxation Advanced Taxation 100 100

Paper F 21 Paper F 21 Advanced Auditing Advanced Auditing 100 100

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PROSPECTIVE FOUNDATION COURSE (PFC) SCHEME

PROSPECTIVE FOUNDATION COURSE (PFC) SCHEME

Bachelor Degree Holders Bachelor Degree Holders

Study Privately for Study Privately for Intermediate ExaminationsIntermediate Examinations

CHARTERED ACCOUNTANTCHARTERED ACCOUNTANT

Training for 3 ½ yrsTraining for 3 ½ yrs+ Final Exams+ Final Exams

Appear in PPTAppear in PPT* Min Second Division* Min Second Division

PPT ExemptPPT Exempt* For First Division Holders* For First Division Holders

Financial helpFinancial help

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Chartered AccountantChartered Accountant

Training for 5 yrs + Modules A-F

Bachelor Degree Holders2-3 years Graduates

Pass PPT/ PPT Exempt

DIRECT GRADUATE SCHEMEDIRECT GRADUATE SCHEME

Bachelor Degree Holders4 years Graduates

Pass PPT/ PPT Exempt

Training for 4 yrs + Modules A-F

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POST GRADUATE TRAINEE SCHEMEPOST GRADUATE TRAINEE SCHEME

Masters Degree HoldersMasters Degree Holders (Min Second Div)(Min Second Div)

PPT ExemptPPT Exempt

4 yrs Training 4 yrs Training + remaining papers not exempted+ remaining papers not exempted

Chartered AccountantChartered Accountant

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HSC with minimum Grade B (60% Mark) HSC with minimum Grade B (60% Mark)

A Levels with minimum two Cs A Levels with minimum two Cs

Bachelor Degree holders (1st division)Bachelor Degree holders (1st division)

Post Graduates ( minimum 2nd division)Post Graduates ( minimum 2nd division)

EXEMPTIONS FROM PPTEXEMPTIONS FROM PPT

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ELIGIBILITY FOR PPTELIGIBILITY FOR PPT

Minimum 45% marks in HSC Minimum 45% marks in HSC

Minimum two passes in A Levels Minimum two passes in A Levels

Graduates with 2Graduates with 2ndnd Division or less Division or less

Post Graduates with less than 2Post Graduates with less than 2ndnd Division Division

*Candidates are allowed to appear in PPT on *Candidates are allowed to appear in PPT on awaiting result basis.awaiting result basis.

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OPPORTUNITIES FOR QUALITY STUDENTS OPPORTUNITIES FOR QUALITY STUDENTS

2-3 years Graduates :2-3 years Graduates :

Exemptions from papers A1, A2 and B3Exemptions from papers A1, A2 and B3

• Obtain 70% marks overall Obtain 70% marks overall • Minimum 60% marks in relevant paper (s)Minimum 60% marks in relevant paper (s)• Obtain 75% in relevant subjects of Module A Obtain 75% in relevant subjects of Module A paper ( s) paper ( s)

* Subject to at least 70% match of course content* Subject to at least 70% match of course content

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OPPORTUNITIES FOR QUALITY STUDENTS OPPORTUNITIES FOR QUALITY STUDENTS

4 years Graduates / Post Graduates4 years Graduates / Post Graduates

Candidates with minimum of 70% marks in relevant Candidates with minimum of 70% marks in relevant papers will be granted exemption for that specific papers will be granted exemption for that specific paper(s) subject to 70% match of course contents of paper(s) subject to 70% match of course contents of relevant paper(s) relevant paper(s)

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• Permanent Credit Permanent Credit retentionretention

• 50% Pass Percentage50% Pass Percentage

UPDATESUPDATES

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The information contained herein is of a general nature and is not intended to address the circumstances of any particular individual or entity. Although we endeavor to provide accurate and timely information, there can be no guarantee that such information is accurate as of the date it is received or that it will continue to be accurate in the future. No one should act on such information without appropriate professional advice after a thorough examination of the particular situation.

© 2006 KPMG Taseer Hadi & Co., a partnership firm registered in Pakistan and a member firm of the KPMG network of independent member firms affiliated with KPMG International, a Swiss cooperative. All rights reserved. Printed in Pakistan.

The KPMG logo and name are trademarks of KPMG International.

PRESENTER:PRESENTER:

SYED MASOUD ALI NAQVISYED MASOUD ALI NAQVI

KPMG Taseer Hadi & Co.KPMG Taseer Hadi & Co.

+92-21 568 1054+92-21 568 1054

mnaqvi@kpmg.commnaqvi@kpmg.com

www.kpmg.com.www.kpmg.com.