What is CA in Pakistan? – Complete 2026 Guide
Chartered Accountancy (CA) in Pakistan is one of the most prestigious and respected professional qualifications. It is regulated by ICAP (The Institute of Chartered Accountants of Pakistan) and prepares students to become experts in accounting, finance, auditing, taxation, and corporate management.
CA is a step-by-step, concept-based, and exam-oriented program, making it ideal for beginners who want a structured path to a professional career.
Why Choose CA in Pakistan?
-
CA professionals are highly respected and in demand in corporate and financial sectors.
-
You will develop skills in financial reporting, auditing, taxation, risk management, and business analysis.
-
Career opportunities are wide: audit firms, banks, multinational companies, financial advisory, and corporate management.
-
The program offers flexible study pace, suitable for both beginners and working professionals.
CA Levels in Pakistan (2026 Updates)
The CA program in Pakistan is divided into 4 main levels, each building on the previous one:
1. PRC (Foundation Level – formerly AFC)
⚠️ Update: In 2024, ICAP renamed AFC to PRC.
PRC is the beginner level, covering fundamentals of:
-
Accounting
-
Business and Economics
-
Finance basics
2. CAF (Certificate in Accounting & Finance)
The intermediate level focuses on:
-
Core Accounting
-
Business Law
-
Taxation and Audit
-
Cost Accounting
-
Economics
3. CFAP (Certified Finance and Accounting Professional)
The advanced level develops professional skills:
-
Advanced Finance and Management Accounting
-
Corporate Reporting
-
Strategic Planning and Risk Management
4. MSA (Multi-Subject Assessment – Final Stage)
The final level tests integrated knowledge and prepares students for professional practice.
Key 2026 Updates You Should Know
-
PRC replaced AFC: PRC is now the first step for beginners, making the foundation level more structured and easy to follow.
-
Syllabus updates: ICAP regularly updates the syllabus and exam patterns to match current professional standards.
-
Step-by-step progression: The four levels guide students from beginner to professional stage efficiently.
-
How to do CA in Pakistan: Students should start with PRC, then progress to CAF, CFAP, and MSA, following updated ICAP guidelines.
-
AFC to PRC update Pakistan: If you studied AFC before 2025, your transition to PRC will follow updated course structure and syllabus alignment.
Start Your CA Journey in Pakistan
Starting CA requires the right preparation and guidance. If you want to start your CA journey smartly and access the latest 2026 CA resources, visit:
