Yes, it is true that the people in Pakistan believe that CA is hard, which is not wrong, but it depends on how much time and effort you are willing to invest. CA degree is recognized both nationally and internationally, and the best part? It pays pretty well.
If a degree helps you build respect and pays well, then putting in hard work on it is not a bad trade. Here we have highlighted all the steps you have to go through to become a Chartered Accountant in Pakistan. But before that, let’s start by explaining who is a Chartered Accountant.
Who Is a Chartered Accountant?
A chartered accountant is a person who focuses on the area of audit, financial accounting, and economics. If your interests revolve around audit and finances, then CA is the best career option for you. A chartered accountant can work solely or provide their services to anyone who needs it.
A chartered accountant is qualified to work in audit firms, foreign banks, and multinational companies. A Chartered accountant can also provide their in-depth expertise to the people who need it. They are experts in the area of law and regulations governing businesses. Companies demand someone who can keep track of their expenses and revenue. A chartered accountant is certified to help businesses remain profitable according to the laws of different countries; they can help companies grow accordingly.
CA Institutes in Pakistan
Below we have mentioned a few of the best institutes for CA in Pakistan.
1- ICAP (Institute of Chartered Accountancy Pakistan)
2- PAC (Professional Academy of Commerce)
3- SKANS School of Accountancy
4- CAP (College of Accounting and Professional Studies)
5- CFE (College of Financial Education)
ICAP is the only institute for CA in Pakistan with the legal authority to offer CA certification. It is a regulatory body in Pakistan in CA that conducts examinations and sets out a course outline.
If you are looking for quality education as well as affordability, then PAC is the best institute for CA in Lahore. With its professional quality of teaching and affordable fee structure, it is the best institute for CA in Pakistan.
Eligibility Criteria For CA
Like any other degree program, there are eligibility criteria for CA as well.
An intermediate student needs to have a minimum of 50% marks in FSc or FA. For A-level students, there is a demand for two passes. A graduate student should have at least 45% marks in bachelors. ACCA, CIMA, ICMAP degree holders can also apply.
Quality Assessment Test (QAT)
To join the CA program, you first have to appear for an entry test exam, known as Quality Assessment Test. It is a computer-based test. It is conducted in three parts, English, Mathematics, and Analytical Reasoning. You only have three tries to pass the exam, or else you will be disqualified from joining.
The usual amount of time to clear CA in Pakistan is about 5 to 6 years if you are doing it from a good institute. The total number of exams is 21, which are divided into two parts. First, you have to clear 13 papers, which students ordinarily complete in 2 years. After that, you have to do an internship at an audit firm. After this period, you are required to clear the rest of the exams.
Becoming a Chartered Accountant requires a lot of effort and hard work. But it is one of the most well-reputed courses and promises professionalism. There is a need by businesses for a brilliant and professional person who can handle their audit and finances well. And help them grow as a brand. For this reason, firms are ready to offer jobs with good salaries even to fresh CA graduates. For these reasons, CA has a high scope here in Pakistan, making it the best career option for students here in Pakistan.