The Council is a supreme decision making body and being at the helm of affairs,
it is responsible for overall management of the Institute. The Council performs
its legitimate responsibility under the Act and Regulations which authorizes it
for managing resources of all kinds. the Council is of three years. The Council
is comprised of twelve members out of which eight members are elected by the members
of the Institute and four members are nominated by the Government of Pakistan through
Federal Ministry of Finance. Such nominations usually belonged to Ministry of Finance
(MoF), Securities and Exchange Commission of Pakistan (SECP), Auditor General of
Pakistan (AGP), Federal Board of Revenue (FBR), State Bank of Pakistan (SBP) and
any other government regulator.
The office bearers of National Council comprised of President, Vice President, Secretary
and Treasurer, which are being elected among the members of the Council. The President
acts as Chief Executive authority of the Council and chairs all standing committees
of the Council.