{"id":10975,"date":"2021-10-08T11:40:10","date_gmt":"2021-10-08T11:40:10","guid":{"rendered":"https:\/\/cgaglobal.org\/new\/?page_id=10975"},"modified":"2021-10-08T12:41:40","modified_gmt":"2021-10-08T12:41:40","slug":"cgap","status":"publish","type":"page","link":"https:\/\/cgaglobal.org\/index.php\/cgap\/","title":{"rendered":"CGAP"},"content":{"rendered":"

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[vc_cta h2=\"CGAP\" h2_google_fonts=\"font_family:Arimo%3Aregular%2Citalic%2C700%2C700italic|font_style:700%20bold%20regular%3A700%3Anormal\" h4_google_fonts=\"font_family:Lato%3A100%2C100italic%2C300%2C300italic%2Cregular%2Citalic%2C700%2C700italic%2C900%2C900italic|font_style:300%20light%20regular%3A300%3Anormal\" txt_align=\"left\" heading_sep=\"yes\" i_css_animation=\"\" css_animation=\"\"][\/vc_cta]<\/div> [vc_column_text]WHAT IS THE CERTIFIED GENERAL ACCOUNTANT PAKISTAN (CGAP):<\/strong><\/p>\n

Certified General Accountant Pakistan<\/strong>\u00a0(CGAP<\/strong>) is a professional designation granted to the professional accountants. A person who meets the education, experience and examination requirements of the Institute of Certified General Accountants (CGA-PAKISTAN\u00ae) is entitled to use the professional designation and add the letters \u201cCGAP\u201d to their title.<\/p>\n

CGAPs work throughout the world in industry, commerce, finance, government, public practice and the not-for-profit sector.<\/p>\n

Education:<\/strong><\/p>\n

CGA-PAKISTAN\u00ae\u2019s professional education program is competency-based. Competency-based education requires candidates to perform tasks and roles to standards expected in the workplace.<\/p>\n

The knowledge, skills and professional values required of a CGAP are reflected in a list of competencies. These competencies extend over three areas: professionalism, leadership and professional knowledge. They are validated periodically through extensive survey analysis.<\/p>\n

The complete academic program consists of 18 courses, three business cases,\u00a0 professional qualification exams, spread over several modules: Module1 and 2 (Technician Studies), Module 3 and 4 (Practitioner \u00a0Studies), and Module 5 and 6 (Professional Studies). Module 5 is the mandatory module , while the Module 6 is the optional module with options of Audit Module, Finance Module, Management Module and Project Management Module.<\/p>\n

A CGA must have a graduate degree. Students normally require 36 months of supervised work experience, but in special cases they require a minimum of 24 months. They may meet the experience requirements in any business sector and in a variety of fields.<\/p>\n

Services provided:<\/strong><\/p>\n

CGAPs can also be employed by corporations\u2014termed \u201cthe private sector\u201d\u2014in finance functions such as Chief Financial Officer (CFO) or finance manager, or as CEOs subject to their full business knowledge and practice. These CGAPs do not provide services directly to the public.<\/p>\n

Although some CGAPs serve as business consultants, CGAPs also have a niche within the income tax preparation industry. Many small to mid-sized firms have both a tax and an auditing department. Along with attorneys and enrolled agents, CGAPs may represent taxpayers in matters before the Internal Revenue Service.<\/p>\n

Whether providing services directly to the public or employed by corporations or associations, CGAPs can operate in virtually any area of finance including:<\/p>\n

    \n
  • Assurance and attestation services<\/li>\n
  • Corporate finance (merger and acquisition, initial public offerings, share and debt issuing)<\/li>\n
  • Corporate governance<\/li>\n
  • Estate planning<\/li>\n
  • Financial accounting<\/li>\n
  • Governmental accounting<\/li>\n
  • Financial analysis<\/li>\n
  • Financial planning<\/li>\n
  • Forensic accounting (preventing, detecting, and investigating financial frauds)<\/li>\n
  • Income tax<\/li>\n
  • Information technology, especially as applied to accounting and auditing<\/li>\n
  • Management consulting and performance management<\/li>\n
  • Tax preparation and planning<\/li>\n
  • Venture Capital<\/li>\n
  • Financial reporting<\/li>\n
  • Regulatory reporting<\/li>\n<\/ul>\n

    Ethics:<\/h3>\n

    Institute of Certified General Accountant adopted the IESBA code of ethics for the professional Accountants as the other professional accountancy bodies of the world to maintain its standard of education and professional skills of its member.<\/p>\n

    Continuing Professional Education (CPE):<\/h3>\n

    CGAPs are required to take continuing education courses in order to improve their professional education and skills. \u00a0CGA-PAKISTAN\u00ae require an average of 40 hours of CPE every year with a minimum of 20 hours per calendar year. The requirement can be fulfilled through attending live seminars, webcast seminars, or through self-study (textbooks, videos, online courses, all of which require a test to receive credit).<\/p>\n

    CGAP Areas of Specialization:<\/strong><\/p>\n

    Becoming a CGAP means you\u2019ll have a wide variety of career choices, in two general areas: public accounting, or corporate and business accounting. From there, the options are many and include:<\/p>\n