Pakistan Institute of Public Finance Accountants (PIPFA) ( ur, ) is an autonomous body recognized mainly in the government sector and established under license from the

Securities and Exchange Commission of Pakistan The Securities and Exchange Commission of Pakistan (SECP) ( ur, ) is the financial regulatory agency in Pakistan whose objective is to develop a modern and efficient corporate sector and a capital market based on sound authority principles, in ...

by the authority given under section 42 of the Companies Ordinance, 1984. The body is co-sponsored by the Institute of Chartered Accountants of Pakistan, the

Institute of Cost and Management Accountants of Pakistan The ''Institute of Cost and Management Accountants of Pakistan'' (ICMAP) is a professional accounting body offering qualification and training in management accountancy. The Institute of Cost and Management Accountants of Pakistan was established ...

and the

Auditor General of Pakistan An auditor is a person or a firm appointed by a company to execute an audit.Practical Auditing, Kul Narsingh Shrestha, 2012, Nabin Prakashan, Nepal To act as an auditor, a person should be certified by the regulatory authority of accounting and a ...

. PIPFA has more than 8,500 members and a number of them are members of ICAP,

ICMAP The ''Institute of Cost and Management Accountants of Pakistan'' (ICMAP) is a professional accounting body offering qualification and training in management accountancy. The Institute of Cost and Management Accountants of Pakistan was established ...

and ACCA. The institute was established to produce a second tier of accounting professionals in

Pakistan Pakistan ( ur, ), officially the Islamic Republic of Pakistan ( ur, , label=none), is a country in South Asia. It is the world's fifth-most populous country, with a population of almost 243 million people, and has the world's second-lar ...

Mission statement

''"identification, development and imparting knowledge to provide a structure for the training of accounting professionals in the specialized areas"

International recognition

PIPFA is the full member body of

International Federation of Accountants The International Federation of Accountants (IFAC) is the global advocacy organization for the accountancy profession; mainly for the financial accounting and auditing professions. Founded in 1977, IFAC has more than 175 members and associates i ...

(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: * 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

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

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 in 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 The Chartered Institute of Management Accountants (CIMA) is the global professional management accounting body based out of the UK. CIMA offers training and qualification in management accountancy and related subjects. It is focused on accountan ...

(CIMA) grants complete exemption from certificate level and operational level consisting of seven papers. (Operational level study case Excluded).

References

External links

*
IFACnet - A KnowledgeNet for Accountants in Business

Accountancy Forum

The Society of Accounting Education (SOAE Pakistan)

The Institute of Certified General Accountants Pakistan (CGA-Pakistan)

The Institute of Certified Internal Auditors Pakistan (CIA-Pakistan)
{{DEFAULTSORT:Pakistan Institute Of Public Finance Accountants Professional accounting bodies Professional associations based in Pakistan Accounting in Pakistan Organizations established in 1993 Pakistan federal departments and agencies 1993 establishments in Pakistan Government agencies established in 1993