ICAP allows exemptions on the basis of academic qualifications. Exemption from the ICAP with previous academic qualification could be received in the following categories.
- Four year Degree from specified Degree awarding Institute (SDAI).
- Four year degree from University other than SDAI.
- Two year degree from any University
- Higher Secondary School Certificate (HSSC) or equivalents
- A-levels
| Stages |
Available Exemptions and Conditions applicable
| ||||
| 4 years Graduate From SDAI | 4 years Graduate From none SDAI | 2 years Graduates | HSSC | A-Levels | |
| AFC | Exemption of all papers of AFC | Exemption of all papers of AFC | Exemption of all papers of AFC | Exemption of all papers of AFC | Exemption of all papers of AFC |
| Without another Condition | Minimum 60% marks in aggregate | Minimum 60% marks in aggregate | Minimum 70% marks in aggregate | Minimum two B grades | |
| Minimum 60% marks or equivalent grades in relevant subjects | Minimum 75% marks or equivalent grades in relevant subjects | Minimum 75% marks or equivalent grades in relevant subjects | B grades in relevant subjects | ||
| Syllabus matches at least 70% with the prescribed syllabus of relevant subjects | Syllabus matches at least 70% with the prescribed syllabus of relevant subjects | Syllabus matches at least 70% with the prescribed syllabus of relevant subjects | Syllabus matches at least 70% with the prescribed syllabus of relevant subjects | Syllabus matches at least 70% with the prescribed syllabus of relevant subjects | |
| CAF | Exemption from all CAF papers | Exemption from CAF-1 to CAF-4 | Exemption From CAF-1 and CAF-2 | Exemption From CAF-1 and CAF-2 | Exemption From CAF-1 and CAF-2 |
| Minimum 60% marks or equivalent grades in relevant subjects | Minimum 60% marks in aggregate | Minimum 60% marks in aggregate | Minimum 70% marks in aggregate | Minimum two B grades | |
| Minimum 60% marks or equivalent grades in relevant subjects | Minimum 75% marks or equivalent grades in relevant subjects | Minimum 75% marks or equivalent grades in relevant subjects | B grades in relevant subjects | ||
| Syllabus matches at least 70% with the prescribed syllabus of relevant subjects | Syllabus matches at least 70% with the prescribed syllabus of relevant subjects | Syllabus matches at least 70% with the prescribed syllabus of relevant subjects | Syllabus matches at least 70% with the prescribed syllabus of relevant subjects | Syllabus matches at least 70% with the prescribed syllabus of relevant subjects | |
Note: SDAI’s are degree awarding Institutes recognized by the institute on the basis of predefined criteria and evaluation by the institute. The Degree courses of SDAI’s are designed in close coordination with the institute.
| ACCA | CIMA | ICAMP | PIPA | ||
Assessment of Fundamental Competencies (AFC) | |||||
| AFC-1 | Functional English | Y | Y | Y | Y |
| AFC-2 | Business Communication | N | N | Y | Y |
| AFC-3 | Quantitative Techniques | Y | Y | Y | Y |
| AFC-4 | Information Technology | N | N | Y | Y |
Certificate in Accounting and Finance (CAF) | |||||
| CAF-1 | Introduction to Accounting | Y | Y | Y | Y |
| CAF-2 | Introduction to Economics and Finance | N | Y | Y | Y |
| CAF-3 | Bussiness Law | N | N | Y | Y |
| CAF-4 | Business Management and Bahevioral studies | N | N | Y | N |
| CAF-5 | Financial Accounting and Reporting-1 | Y | Y | Y | N |
| CAF-6 | Principle of Taxation | Y* | N | Y | N |
| CAF-7 | Financial Accounting and Resporting-2 | Y | Y | Y | N |
| CAF-8 | Cost and Management Accounting | Y | Y | Y | N |
| CAF-9 | Audit and Assurance | Y* | N | N | N |
Note: * Exemption from (CAF-6 Principles of Taxation) Would be granted to candidates who has passed (F-6 Taxation) – Pakistan variant, & Exemption from (CAF-9 Audit and Assurance) shall be granted to candidates who has passed (P7 Advance Auditing).
