Exemption Policy

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Your previous qualifications may entitle you to exemptions from certain CPA examinations. This will ensure that your point of entry is the most suitable for your level of knowledge and skills and will prevent you repeating areas with which you are already familiar. This database shows many of the qualifications which can be accepted for exemption. Students are advised to monitor the database regularly as CPA’s exemption policy is subject to change and assessments may be added or revised without prior notice.

Holders of recognized business and/or accounting diplomas/degrees will be considered for exemptions from some or all of the CPA exams. Student with non-relevant degrees will be dealt case to case basis.

Exemption is only considered on the basis of qualifications which contain relevant content to CPA papers.

1a Exemption Policy

PAC Exemption Policy

Subject Code Subject 12 Year
Education
14 Year
Education
Foundation Level I
F101 Functional English N.Exempt Exempt
F102 Business Finance N.Exempt Exempt
F103 Principles of Accounting N.Exempt Exempt
F104 Economics and Business Environment N.Exempt Exempt
F105 IT N.Exempt Exempt
Foundation Level II
F201 Business Mathematics and Statistics N.Exempt Exempt
F202 Financial Accounting N.Exempt Exempt
F203 Cost and Managerial Accounting N.Exempt Exempt
F204 Islamic and Pakistan Studies N.Exempt Exempt
F205 BC & Presentation Skills N.Exempt Exempt
Foundation Level III
F301 Business Law N.Exempt Exempt
F302 Income Tax N.Exempt Exempt
F303 Audit and Assurance N.Exempt Exempt
F304 Advanced Managerial Accounting N.Exempt Exempt
F305 Certificate in Data Analysis N.Exempt N.Exempt
Foundation Level IV
F401 Enterprise Management N.Exempt Exempt
F402 Financial Management N.Exempt N.Exempt
F403 MIS N.Exempt N.Exempt
F404 Company Law N.Exempt N. Exempt
F405 Fraud Audit and Forensic Accounting N.Exempt N.Exempt
Total Exemptions 0 15
  • No exemption is available for 12 Years of education
  • Just 5 Exams for 14 Year of Education applicants depending on their field of study
  • 14 Year education students can get 15 exemptions and go for the passing remaining subjects for PAC certificate but they cannot go for CPA after PAC. The route for them is to qualify PPA and then apply for new evaluation for CPA program.

CPA after PAC Exemption Policy

  • No exemption for PAC qualified in CPA subjects. They have to appear in all 9 subjects to complete the CPA.
  • No entry for 14 year Graduates/ 16 Year Education in CPA after PAC.

PPA Exemption Policy

Subject Code

Subject

14 Year Education

16 Year Education

Foundation Level I
D101 Foundations of Accounting Exempt Exempt
D102 Fundamentals of Business Law Exempt Exempt
D103 Business Environment Exempt Exempt
D104 BCRW Exempt Exempt
Foundation Level II
D201 Financial Accounting Exempt Exempt
D202 Income Tax N.Exempt Exempt
D203 Cost Accounting N.Exempt Exempt
D204 Information Systems N.Exempt Exempt
Foundation Level III
D301 Business and Managerial Finance N.Exempt Exempt
D302 Auditing N.Exempt Exempt
D303 Financial and Corporate Reporting N.Exempt N.Exempt
D304 Strategy and Leadership N.Exempt Exempt
D305 Management Accounting N.Exempt N.Exempt
Foundation Level IV
D401 Audit Practice and Assurance Services N.Exempt N.Exempt
D402 IT Audit and Control N.Exempt N.Exempt
D403 Company Law N.Exempt N.Exempt
D404 Advanced Taxation N.Exempt N. Exempt
D405 Fraud Audit and Forensic Accounting N.Exempt N.Exempt
Total Exemptions 5 11

5 Subjects are exempt for 14 Year Education Students in PPA.
11 Subjects are exempt for 16 Year Education students in PPA.
If anyone claims for more exemptions, then the subject course will be evaluated and exemption will be given only if 70% subject’s course material is identical.
Exemptions can be claimed on the basis of experience (if the experience in related field is less than 5 Years), because for professionals the entry route is CPA General Route.

CPA after PPA Exemption Policy

  • No exemption for PPA qualified in CPA subjects. They have to appear in all 6 subjects to complete the CPA.
  • No entry is possible without PPA in CPA after PPA.
  • Relevant experienced professionals between 1-5 years can claim for more exemptions
  • Professional certificate holders can claim for exemptions, the exemption criteria will vary from case to case.

CPA Professional Exemption Policy

Subject Code

Subject

14 Year Education

16 Year Education

Foundation Level I
PF101 Financial Accounting Exempt Exempt
PF102 Business Law Exempt Exempt
PF103 Economics and Business Environment Exempt Exempt
PF104 Business Mathematics and statistics Exempt Exempt
Foundation Level II
PF201 Income Tax Exempt Exempt
PF202 Cost and Managerial Accounting N.Exempt Exempt
PF203 BCRW N.Exempt Exempt
PF204 Audit and Assurance N.Exempt Exempt
Professional Level I
PP301 Financial and Corporate Reporting N.Exempt Exempt
PP302 Company Law N.Exempt Exempt
PP303 Business and Financial Strategy N.Exempt Exempt
Professional Level II
PP401 IT audit and Control N.Exempt N.Exempt
PP402 Advanced Taxation N.Exempt N.Exempt
PP403 Advanced Accounting N.Exempt N.Exempt
FP501 Fraud Audit and Forensic Accounting N.Exempt N.Exempt
FP502 Internal audit role in risk and control N.Exempt N.Exempt
FP503 Advanced Performance Management N.Exempt N.Exempt
FP504 Advanced Audit N.Exempt N.Exempt
Total Exemptions 5 11
  • Entrance is only for Experienced Professionals (Minimum 5 years Experience in related field)
  • PAC and PPA certified cannot enter in this route
  • Graduates with experience will have to appear in 13 Exams to qualify for CPA
  • 16 years Education with experience will have to appear in 7 Exams
  • More exemptions can be claimed depending on field of experience and professional certificate holders
  • Professional certificate holders can claim for exemptions, the exemption criteria will vary from case to case
  • The above subjects’ arrangement revised as per detail given under Curriculum Tab.