This article includes a list of general references, but it lacks sufficient corresponding inline citations. (August 2009) |
The Pakistan Institute of Public Finance Accountants (PIPFA) (Urdu: ادارہَ محاسبانِ حساباتِ عامّہ ، پاکستان) 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.
PIPFA | |
 | |
| Type | Professional Accountancy Institute |
|---|---|
| Established | 1993 |
| President | Mr. Muhammad Yaseen |
| Students | >34,000 |
| Location | , |
| Campus | Karachi Head Office, Branch Offices at Lahore, Islamabad, and Faisalabad |
| Affiliations | International Federation of Accountants |
| Website | Official Website |
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 8,500 members and a number of them are members of ICAP, ICMAP and ACCA.
The institute was established to produce a second tier of accounting professionals in Pakistan.
Mission statement
edit"Identification, development and imparting knowledge to provide a structure for the training of accounting professionals in the specialized areas"[1]
International recognition
editPIPFA is the full member body of International Federation of Accountants (IFAC).
Administrative structure
editThere 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:
- Education and training of students seeking professional qualification and membership of the Association.
- Investigation of cases of unethical conduct by the members or students and initiate the necessary disciplinary action.
- Provision of technical advice to the members on any accounting or auditing issues.
- Regional committees are organized to promote the professional education activity at regional levels through seminars and workshops
Educational requirements
editThe 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. In 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 in November 2016.
Global Affiliation
edit- Association of Chartered Certified Accountants (ACCA) grants exemptions in five papers (F2, F3, F4, F5 &F7) to PIPFA affiliate and members.[1]
- 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).[2]
- Chartered Institute of Management Accountants (CIMA) grants complete exemption from certificate level and operational level consisting of seven papers. (Operational level study case Excluded)
See also
editReferences
edit- ^ "Accredited Programmes". portal.accaglobal.com.
- ^ "PIPFA Pakistan | CIPFA". Archived from the original on 2016-01-30. Retrieved 2016-01-23.