To secure CMA Certification, all those
students who qualify all examinations of the Institute
upto Stage. 6 under 2005 Syllabus will be required
to attempt and succeed a "Comprehensive Examination"
which will be held one month after the announcement
of ICMAP result for May and November Examination,
as the case may be. The details and essential
requirements including application form, examination
fee, schedule of examination, nature and structure
of examination, result announcement etc. are circulated
and uploaded on Institute's website.
Need for Comprehensive Examination
The main objective of introducing this examination is to ensure whether or not a student has acquired a desired level of competency in the prescribed subjects of the syllabus. This is in accordance with the requirements of International Federation of Accountants (IFAC) and International Education Standards for Professional Accountants (IES-6). This standard requires qualified accountants to undergo an "Assessment of Professional Capabilities and Competence" to enable them to play their role effectively.
This competence includes not only coverage of
all subject areas of the syllabus but also in-depth
coverage of Financial Management, Management
Accounting, Business Taxation and Business Laws.
The comprehensive examination will upgrade the
professional skills and competency of the students
and they can better apply these skills in understanding
the business opportunities and threats as well
as meeting challenges faced by the management
accounting and finance professionals in the
fast changing business environment.
- Eligibility to sit for the Comprehensive Examination
The students, who have passed the examinations of all the Stages i.e., Stage 1 to 6, are eligible to appear in the comprehensive examination. The CMA designation will only be awarded to those students who have passed examinations of all the stages, the comprehensive examination and met the minimum one-year practical experience requirement.
- The students who fail to qualify First Comprehensive Examination, their second Comprehensive Examination is conducted after two months of declaration of the result of earlier Comprehensive Examination [with normal Examinations for Spring and Fall session respectively.
- The result of ICMAP qualified students under 2005 Syllabus is published in the Official Gazette of Pakistan only after they have passed the Comprehensive Examination. However, the issuance of Final Completion Certificate is subject to submission of one year relevant work experience