Pakistan Institute of Public Finance Accountants

In today's world, Pakistan Institute of Public Finance Accountants has become a topic of great relevance and interest to a wide spectrum of society. Since its emergence, it has aroused the curiosity and attention of experts, researchers, academics and the general public. Its importance lies in its impact on various aspects of daily life, as well as its influence on the development of different fields of study and professions. In this article, we explore in detail the different aspects related to Pakistan Institute of Public Finance Accountants, from its historical origin to its impact on the present, analyzing its implications and projecting its possible evolution in the future.

Pakistan Institute of Public Finance Accountants
PIPFA
TypeProfessional Accountancy Institute
Established1993
PresidentMr. Muhammad Yaseen
Students>34,000
Location
Karachi
,
Pakistan
CampusKarachi Head Office, Branch Offices at Lahore, Islamabad, and Faisalabad
AffiliationsInternational Federation of Accountants
WebsiteOfficial Website

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.

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

"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 (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 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

  • 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]

See also

References

  1. ^ "Accredited Programmes". portal.accaglobal.com.
  2. ^ "PIPFA Pakistan | CIPFA". Archived from the original on 2016-01-30. Retrieved 2016-01-23.