CA - CAF
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Certificate in Accounting & Finance (CAF)
The examinations at the CAF stage will primarily focus on competencies in the
application and analysis of technical knowledge. The CAF stage papers will be
bifurcated into two groups: Group A and Group B.
Papers of CAF
The papers forming part of each group are as follows:
Group A:
- CAF-01 Financial Accounting and Reporting
- CAF-02 Taxation Principles and Compliance
- CAF-03 Data, Systems and Risks - New
- CAF-04 Business Law Dynamics - Modified
Group B:
- CAF-05 Management Accounting
- CAF-06 Corporate Reporting
- CAF-07 Business Insights and Analysis
- CAF-08 Audit and Assurance Essentials
Delivery of courses and examinations of CAF
- Candidates registered for CAF are encouraged to register with an RAET to attend classes prior to their first attempt.
- Candidates can appear in a maximum of four papers.
- Candidates can appear in CAF Group B papers on passing two papers of CAF Group A.
- The examinations for these papers are currently conducted by ICAP on a sixmonthly basis. However, plans are in place to increase the frequency of these examinations in the future.
Time limit for clearing CAF examinations
Candidates registered for the CAF stage will have a maximum of five years from
the date of first attempt of CAF to pass the requisite examinations. However,
candidates with no more than two CAF papers remaining will be granted an
additional year to pass the remaining paper(s).
Exam Structure
Certificate in Accounting & Finance (CAF)
- CAF 1 - Financial Accounting & Reporting 1
- CAF 2 - Tax Practices
- CAF 3 - Cost and Management Accounting
- CAF 4 - Business Law
- CAF 5 - Financial Accounting & Reporting 2
- CAF 6 - Managerial and financial analysis
- CAF 7 - Company Law
- CAF 8 - Audit and Assurance
Department Contact
- 10 B & 11 Aibak Block,
- Garden Town, Lahore
- +(92) 300 788 1403
- info@cfecollege.edu.pk
- Mon - Fri : 08:00 - 18:00
