The Council is responsible for formulation of strategic direction of the Institute and approving key policies, in the interest of the profession and the public. The Council carries out its executive functions with the support of a management team headed by the Executive Director and comprising the Secretary and Directors of respective departments.

The Council consists of sixteen members. Twelve members are elected from amongst the members for a period of four years. Four Council members are nominated by the Government of Pakistan.

Council Members

Asad Ali Shah, FCA - President

Rashid Rahman Mir, FCA - Vice President (North)
Farrukh Viqaruddin Junaidy, FCA - Vice President (South)

Imran Afzal, FCA
Rafaqat Ullah Babar, FCA
Shahzad Hussain, FCA
Nasimuddin Hyder, FCA
Syed Shahid Husain Jafri, FCA
Razi-ur-Rahman Khan
Shaikh Saqib Masood, FCA
Dr. Waqar Masood
Ahmad Saeed, FCA
Abdul Rahim Suriya, FCA
Mohammad Abdullah Yusuf, FCA
Syed, Mohammad Shabbar Zaidi, FCA

The Council has the following Boards and Committees:

Standing Committees are:

• Executive Committee
• Examination Committee
• Investigation Committee

The other Boards and Committees are:

• Education and Training Committee
• Professional Standards and Technical Advisory Committee
• Technical Advisory Committee
• Committee on Accounting and Auditing Standards for Interest Free Mode of Financing and Investments
• Committee on Taxation and Economics Policies
• Committee on Financial Sectors
• Publications Committee
• Public Sector Accounting Committee
• Quality Assurance Board
• Committee on Professional Accountants in Business
• Accounting and Auditing Standards Committee
• Continuing Professional Development Committee
• ICAP Benevolent Fund Management Committee
• Coordination Committee of ICAP and CBR
• Audit Committee
• Joint Committee of ICAP and SBP
• Joint Committee of ICAP and ICMAP
• Coordination Committee of ICAP and SECP