The question papers are set in accordance with the laws and regulations effective as at preceding 1st January for the Spring/ August and Winter/ November Examinations, and effective as at preceding 1st July for the Fall/ February and Summer/ May Examinations in Commercial Laws, Business Taxation, Corporate Governance, Business Laws & Ethics and Local Laws Gateway Examination [LLG], subject to the confirmation of Education Department.
The question papers of all accounting subjects are set in accordance with International Financial Reporting Standards (IFRS) and International Accounting Standards (IAS) as well as the Accounting and Auditing Practices and Guidelines, issued by the professional bodies of Pakistan upto 31st December of the preceding year for Fall/ February and Summer/ May Examinations and upto 30th June of the preceding year for the Spring/ August and Winter/ November Examinations respectively, subject to the confirmation of Education Department.
Examination questions of any specific level may be set from the syllabus contents of similar subjects of a preceding level. However, in order to maintain the professional standard, it is not necessary that examination questions be confined to the past examination papers/ recommended book(s) only.
Hence, the examination function focuses on quality assessment of students and matters arising from therein.