The question papers are set in accordance with the laws and regulations effective
as at preceding 1st January for the August examinations, and effective as at preceding
1st July for the February examinations in Business Laws, Business Taxations and
Corporate Laws and Secretarial Practices;
The question papers of all accounting subjects are set in accordance with International
Financial Reporting Standards (IFRSs) and International Accounting Standards (IASs)
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 February Examination
and upto 30th June for the August Examination respectively;
Examination questions of any specific semester may be set from the syllabus of similar
subjects of a preceding semester. However, in order to maintain the professional
standards, it is not necessary that examination questions be confined to core readings
and additional readings only.
Hence, the examination function focuses on quality assessment of students and matters
arising from therein.