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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 in 1951 and was granted statutory status under the Cost and Management Accountants Act, 1966 [1] [2] for the regulation of the profession of Cost and ...
The ICAP Council governs the Institute under the provisions of the Chartered Accountant Ordinance, 1961 [31] and the CA by-laws. The Council has a four-year term, and consists of 19 members: 15 members elected by chartered accountants among themselves, and four nominated by the Federal government . [ 30 ]
The ICMAB qualification is recognised by many professional bodies nationally and internationally. The bodies that have granted exemption to ICMAB members or qualified students are: Chartered Institute of Management Accountants (CIMA), UK [9] Association of Chartered Certified Accountants (ACCA), UK; Institute of Management Accountants (IMA), US
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.
Candidates are given 3 hours to complete the multiple choice section and one hour to complete the essays. Candidates must show their work for the essay questions in order to receive credit. Parts 1 and 2 of the CMA exam are scored on a scale of 0–500 with a candidate's raw score converted to a uniform scaled score against all exam candidates.
ICAP Institute of Chartered Accountants of Pakistan: Pakistan: Member: ICMAP Institute of Cost and Management Accountants of Pakistan: Pakistan: Member: PIPFA Pakistan Institute of Public Finance Accountants: Panama: Member: CCPAP Colegio de Contadores Públicos Autorizados de Panamá Papua New Guinea: Associate: CPAPNG Certified Practising ...
ICAP has more than 7,000 active members and more than 25,000 students. Other national accountancy bodies include Institute of cost and management accountants of Pakistan (ICMAP), [21] PIPFA, etc. ICAP and ICMAP are full members of International federation of accountants and PIPFA is an associate member. Besides these national accountancy bodies ...
Candidates sit a two-hour competency based exam, and require a Bachelor's degree majoring in Risk Management together with a year's appropriate experience (or more with other qualifications); certificants are then required to uphold a Code of Ethics and meet continuing education requirements in order to maintain the certification.