September 7, 2017
CIRCULAR ON USAGE OF DESIGNATIONS BY STUDENTS
It has come to the notice of the Institute that some students are using certain designations with their names such as ‘Chartered Accountancy’, ‘CA’, etc. The use of such designations is not only misleading but also unlawful. In this regard, your attention is drawn to the provisions of Section 21 of the Chartered Accountants Ordinance, 1961 and the Directive 1.01 (Education and Training Scheme 2013).
“21. Penalty for falsely claiming to be a member, etc.– Any person who-
(i) not being a member of the Institute,-
(a) represents that he is a member of the Institute; or
(b) uses the designation Chartered Accountant; or
(ii) being a member of the Institute, but not having a certificate of practice, represents that he is in practice or practices as a chartered accountant,
shall be punishable on first conviction with fine which may extend to one thousand rupees, and on any subsequent conviction with imprisonment which may extend to six months or with fine which may extend to five thousand rupees, or with both.”
Paragraph 9 of Directive 1.01
“9. PROHIBITION FOR USE OF CERTAIN DESIGNATION
Any person who has completed his training, or passed CA Intermediate Examination or part of Final Examination is prohibited from using the designation such as CA (Inter) or CA (CC) or CA (Group I, II) or Articles (Institute of Chartered Accountants of Pakistan) or any other designation purporting to convey a qualification of any sort on the letterhead, forms, business cards or on any other stationery or form of communication, other than those allowed under this regulation.”
Therefore, students are advised to refrain from using designation which is misleading and unlawful in order to avoid penal provisions under the CA Ordinance 1961. However, the students are allowed to use the following designations after passing the relevant examinations and fulfilling the required conditions as prescribed under Directive 1.01 and Directive 1.06 issued by the Institute:
- Certified Finance and Accounting Professional or CFAP;
- Certified in Accounting and Finance or CAF; and
- Professional Accounting Affiliate.
Students are advised to ensure compliance with the above.
Institute of Chartered Accountants of Pakistan