The Institute of Chartered Accountants of Pakistan (ICAP) has started accepting the examination forms for its autumn 2020 examinations. Last date of form submission without late fee is July 24, 2020.
The autumn examinations shall include the courses of Assessment of Fundamental Competencies (AFC) and Certificate in Accounting and Finance (CAF) besides Writing Skills Test (WST). The examinations of Certified Finance and Accounting Professional (CFAP) and Multi Subject Assessment (MSA) will be held in December 2020.
Earlier, spring and summer attempts of AFC whereas summer 2020 examinations of CFAP/MSA were cancelled due to COVID-19.
The council has decided to allow 15% concession to all examinees appearing in autumn 2020 and winter 2020 examinations. Examinees who paid the fee for summer 2020 and spring 2020 examinations and had carried forward their fee to the autumn 2020 or winter 2020 attempts are also entitled to carry forward the 15% of the fee paid, to the next examinations.
ICAP notified that, AFC examinees who submitted their forms for spring 2020 and summer 2020 examinations and wish to appear in AFC as well as CAF examinations of autumn 2020, may do so by submitting their forms for AFC and CAF at the Institute’s website.
AFC examinations of all such examinees will be held from August 20 to September 10. The result of these examinees will be announced on or before September 15. Only those examinees who pass the AFC examinations will become eligible to appear in autumn 2020 CAF exams, the Institute informed.
AFC examines who do not wish to appear in CAF autumn 2020 examinations will appear in AFC examinations commencing from October 3.