Institute of Chartered Accountants of Pakistan

Practicing requirements

Certificate of Practice

Members of the Institute may obtain Certificate of practice to practice as a Chartered Accountant or Management Consultant as sole proprietor OR as a partner as full time occupation. Under Section 23 of the CA Ordinance 1961, formation of limited liability is however permissible solely to practice as management consultants and if necessary may associate with non-members.

Persons who have obtained membership of the Institute by affiliation are required to pass the papers of Advanced Taxation and Corporate Laws of the CA Professional examination before becoming eligible to apply for Certificate of Practice same in the case of such member whose training commenced on or before 01 November 1983, where the condition of passing examinations in the aforesaid two papers shall not apply.

Professional Practice - Requirements

In order to ensure the professional interest of members, the following should be kept in view:

Trade names for practicing members shall be after the name of the members in practice in the case of a sole proprietor or in the name or names of the partners in the case of a firm. (This restriction shall not apply in the case of a succession in which case the continuation of the name of the previous firm is permissible).
Adoption of foreign names (See Section Index 4.06 - Members Handbook Vol-I).
Inanimate or abstract names partaking of the designative character of services to be rendered are not allowed in order to avoid disguised attempts of publicity.
Members should not represent to the public at large that their firm has partners who in fact are not Chartered Accountants in practice within the meaning of Chartered Accountants Ordinance, 1961.
Same partners of a firm of chartered accountants/management Consultancy firm are not permitted to constitute another firm under a different name.
A member in practice intending to join a partnership may associate with two firms only. However, a sole proprietor can join only one partnership.
Arrangement by a member with another member for looking after his branch office is not allowed. Such an arrangement, if it has to take place, should be only through a regular partnership deed (under the Partnership Act), a copy of which should be filed with the Institute. Any other arrangement will not be accepted.
No person other than a member of the Institute shall sign any document on behalf of a chartered accountant in practice or a firm of such chartered accountants in his or its professional Capacity. In this connection provision of ATR 19 should be kept in view.
Where a chartered accountant in practice or a firm of such chartered accountants has more than one office each one of such offices shall be in the separate charge of a member of the Institute who ordinarily resides in the area served by such offices.
Every chartered accountant in practice or a firm of such chartered accountants maintaining more than one office shall send to the Institute a list of offices and the persons in charge thereof and shall keep the Institute informed of any change in relation thereto.
The members in practice are required to follow the provisions regarding professional ethics contained in Schedules I & II of the CA Ordinance, 1961 and Code of Ethics of Chartered Accountants (6.04).

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