CA - PAK Solved Past Papers

Past Papers

 

Past Examination Papers are provided in PDF Format. Please click on the required attempt to download the ZIP file which contains all the papers of that particular attempt.
Final Examinations
Summer 2008
Summer 2007	Winter 2007	Summer 2006	Winter 2006
Summer 2005	Winter 2005	Summer 2004	Winter 2004
Summer 2003	Winter 2003	Winter 2002
Professional Examinations (Files Contain papers of Professional I and II)
Summer 2001	Winter 2001	Summer 2002	Winter 2002
Summer 2003	Winter 2003
Foundation Examinations
Autumn 2008	Spring 2008
Autumn 2007	Spring 2007	Autumn 2006	Spring 2006
Autumn 2005	Spring 2005	Autumn 2004	Spring 2004
Autumn 2003	Spring 2003	Autumn 2002	Spring 2002
Autumn 2001	Spring 2001
Intermediate Examinations
Autumn 2008	Spring 2008
Autumn 2007	Spring 2007	Autumn 2006	Spring 2006
Autumn 2005	Spring 2005	Autumn 2004	Spring 2004
Autumn 2003	Spring 2003	Autumn 2002	Spring 2002
Autumn 2001

 

The Institute of Chartered Accountants of Pakistan (ICAP)

The Institute of Chartered Accountants of Pakistan (ICAP)

The Institute of Chartered Accountants of Pakistan (ICAP) was established on July 1, 1961 to regulate the profession of accountancy in the country. It is a statutory autonomous body established under the Chartered Accountants Ordinance 1961. ICAP is a member of International Federation of Accountants (IFAC), International Accounting Standards Board (IASB), Confederation of a Asian & Pacific Accountants (CAPA) and South Asian Federation of Accountants (SAFA).

Mission

While the prime objective of ICAP is to regulate the Profession of Accountancy in Pakistan, the main objects of the Institute are: To advance the theory and practice of Accountancy in all its aspects including auditing, financial management, taxation and management consultancy To maintain high standards of professional conduct and ethics by all its members and students. To conduct examinations of candidates for enrolment of members. To induct and educate students and to provide continuing professional education to members in auditing, financial management, taxation and management consultancy skills.

Salient Features of Modular Scheme

Salient Features of Modular Scheme

 

There will be six modules namely A, B, C, D, E & F.

Foundation and Intermediate Level examinations are held in March and September each year and are called Spring and Autumn examinations respectively.

Professional Level examinations are held in June and December each year and are called Summer and Winter examinations respectively.

Each module will consist of three papers with the exception of Module D, E & F which will have four papers.

Papers passed will be retained as per rules of progression provided referral level marks have been achieved in all the remaining papers of the module.

Applicable Routes

Applicable Routes

 

The current applicable routes to become a chartered accountant are:

• Modular Foundation Course (MFC) Scheme
  Full time study of two years at a Registered Accounting Education Tutor (RAET) for Foundation and Intermediate examinations, followed by four years training with a chartered accountant firm. During training period, the students will be eligible to sit in the final examinations. Minimum education requirement to enrol for MFC is HSC / A levels.
• Direct Graduate Training Scheme
  University graduates will directly register with a chartered accountant firm for five years training period. Graduates with first division (or equivalent grade) will be exempted from PPT, while graduates with second division (or equivalent grade) will be required to pass PPT before starting training period. During the training period students will be eligible to sit in the Foundation, Intermediate and Final examinations.
• Post Graduate Trainee Scheme
  Available to students having masters degree (minimum 2nd division) only. They will directly register with a chartered accountant firm for four years training period. During the training period students will be eligible to sit in the Foundation, Intermediate and Final examinations
• Private Graduate Scheme
  Available to university graduates (minimum 2nd division) only. Graduates with first division (or equivalent grade) will be exempted from PPT, while graduates with second division (or equivalent grade) will be required to pass PPT to register as Private candidate (PFC).

On successful completion of the training period and passing all examinations, the students would be eligible to become members of ICAP.

Eligibility for CA

Eligibility

 

The entry stream to this course will be as follows:

• 'A' Level (at least two passes with minimum Grade "E")
• Higher Secondary School Certificate/Intermediate in Science, Commerce or Arts with a minimum of 45% marks
• Graduate of any discipline
• Candidate who has been unsuccessful in the direct Foundation Examination (taken privately as per scheme)
• Other candidates having equivalent qualifications recognised by the ICAP

Exemptions in CA

Exemptions

 

ICAP offers following exemptions to the International and Local Accountancy Bodies:

• Candidates who have successfully completed professional Stage of ICAEW (UK) are exempt from the Foundation & Intermediate Stages plus Advanced Auditing Paper of Module E.
• Members of the following bodies are exempt from all the papers of ICAP:

1. The Institute of Chartered Accountants in Australia
2. The Canadian Institute of Chartered Accountants
3. The Institute of Chartered Accountants in England & Wales
4. The Institute of Chartered Accountants in Ireland
5. The Institute of Chartered Accountants in Scotland

• Candidates who have successfully completed all examinations of ACCA, CIMA and AICPA will be exempt from the Pre-Entry Proficiency Test and Foundation and Intermediate Stages of ICAP.
• Candidates who have successfully completed all examinations of ICMA (Pakistan) will be exempt from the following:

1. Pre-Entry Proficiency Test
2. Foundation & Intermediate Stages
3. ICMAP 3 Parts (Pre Jan 1995 Syllabus) or ICMAP Intermediate/Part II (Pre December 1998 Syllabus) or Professional I (Post Dec 1998 Syllabus) passed students will also be exempt from PPT

• Candidates who have successfully completed all examinations of PIPFA will be exempt from the following:

1. Pre-Entry Proficiency Test
2. Foundation Examination except requirement for satisfactory completion of course of Computer Practical Training of 90 Hours

Special Exemptions to New Students

Special Exemptions to New Students   Exemptions to HSC

Students who have passed their HSC (Intermediate with Commerce, Pre-Engineering, Pre-Medical or Arts) would have the option not to attend Module "A" classes provided they have obtained minimum 70% marks in aggregate and a minimum of 60% marks in the relevant subject(s). Further benefit of exemption from specific paper(s) of Module "A" examination will also be available to a student provided he/she has obtained a minimum of 75% marks in a particular subject(s) of Module "A".

Exemptions to A' Level

Similarly students who have passed their 'A' Levels examination with minimum two B's and have minimum of C in relevant subject may opt not to attend the classes of Module "A". For these students exemption from Module "A" relevant paper is also available, provided they have obtained a minimum 'B' Grade in that subject.

Exemptions to Graduates

For Graduates (with four years study program from Pakistan or three years study program from foreign accredited university) and Post Graduates, there is a similar provision whereby they can benefit in Modules "A" and "B". These Graduates / Post Graduates can avail exemption from specific papers of both modules if they have minimum of 70% marks in relevant subject.

Note

All the above mentioned exemptions from classes or examination paper(s) will be approved by the Institute after receiving an application in this regard and examining each case. While granting exemption from specific paper the Institute will also evaluate whether the course content of the subject for which exemption is sought covers at least 70% of the syllabus as prescribed by the Institute from time to time.

Pre-entry Proficiency Test (PPT)

Pre-entry Proficiency Test (PPT) Pre-entry Proficiency test is a common test for both graduates and non-graduates wishing to enter CA stream in Pakistan. SKANS is a popular institution for the students who wish to pass the PPT. One month classes are scheduled quarterly and each session starts just one month before the test date. The test is conducted quarterly by ICAP and consists of two parts. The duration of the test is 2 hours and it comprises the following sections:

Section I English (Vocabulary & Grammar) 20 Marks Essay Writing 20 Marks Letter Writing 10 Marks Section II Arithmetic & Logic 20 Marks Section III General Knowledge 20 Marks

Eligibility

Graduates (2nd Division and Below) and Postgraduates (2nd Division and Below) from universities recognised by UGC Non Graduates (with at least 45% marks in Intermediate or 2 Passes at A Level in grades A to E) Candidates are allowed to appear in PPT on awaiting result basis

Exemptions

The graduates and candidates holding HSC Certificate (At least 60 % Marks) A Levels candidates with two C grades The candidates holding recognised professional or master degree

Eligibility Period for Examination during Training

Eligibility Period for Examination during Training

 

Stream of Entry			ICAP Test / Examinations Passed Before Commencement of Training	Period of Training		Eligibility Period for Examination during Training
1	HSC / A level Certificate Holders (MFC Scheme)		PPT Foundation and Intermediate examinations	4 Years		Module E	18 Months after Registration
						Module F	In the last Year of Training
2	Graduates		PPT Foundation and Intermediate Examinations	4 Years		Module E	18 Months after Registration
						Module F	In the last Year of Training
3	Graduates * 2nd Division(Direct Graduate Trainee Scheme)		PPT	5 Years		Module A	6 Months after Registration
						Module B	12 Months after registration
						Module C	18 Months after registration
						Module D	24 Months after registration
						Module E	36 Months after registration
						Module F	In the Last Year of Training
4	Graduates 1st Division (Direct Graduate Trainee Scheme)		-	5 Years		Module A	6 Months after Registration
						Module B	12 Months after registration
						Module C	18 Months after registration
						Module D	24 Months after registration
						Module E	36 Months after registration
						Module F	In the Last Year of Training
5	Masters Minimum 2nd Division (Post Graduate Trainee Scheme)		-	4 Years		Module A & B (together)	6 Months after Registration
						Module C	12 Months after registration
						Module D	18 Months after registration
						Module E	30 Months after registration
						Module F	In the Last Year of Training
Module		Paper			Examination Session
Foundation
A		Functional English			March & September
		Quantitative Methods
B		Introduction to Economics and Finance			March & September
		Introduction to Financial Accounting
		Mercantile Law
Intermediate
C		Financial Accounting			March & September
		Taxation
		Business Communication and Behavioural Studies
		Presentation Skills Training Course			RAET Certification (100 Hours)
D		Company Law			March & September
		Cost Accounting
		Auditing
		Information Technology
		Course Of Computer Practical Training			RAET Certification (90 Hours)
Final
E		Information Technology Management, Audit & Control			June & December
		Advanced Accounting & Financial Reporting
		Corporate Law & Secretarial Practices
		Business Management
F		Management Accounting			June & December
		Business Financial Decisions
		Advanced Taxation
		Advanced Auditing