Exemption Policy

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. 

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

 

ü  No exemption is available for 12 Years of education

ü  Just 5 Exams for 14 Year of Education applicants depending on their field of study

ü  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

ü  No exemption for PAC qualified in CPA subjects. They have to appear in all 9 subjects to complete the CPA.

ü  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

ü  No exemption for PPA qualified in CPA subjects. They have to appear in all 6 subjects to complete the CPA.

ü  No entry is possible without PPA in CPA after PPA.

ü  Relevant experienced professionals between 1-5 years can claim for more exemptions 

ü  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

 

ü  Entrance is only for Experienced Professionals (Minimum 5 years Experience in related field)

ü  PAC and PPA certified cannot enter in this route

ü  Graduates with experience will have to appear in 13 Exams to qualify for CPA

ü  16 years Education with experience will have to appear in 7 Exams

ü  More exemptions can be claimed depending on field of experience and professional certificate holders

ü  Professional certificate holders can claim for exemptions, the exemption criteria will vary from case to case

ü  The above subjects’ arrangement revised as per detail given under Curriculum Tab.