To secure CMA Certification, all those students who qualify all examinations of the Institute upto Stage-6 under 2005 Syllabus or upto Semester-6 under 2012 Syllabus will be required to attempt and succeed a "Comprehensive Examination" which will be held one (1) month after the announcement of ICMA Pakistan result for Spring and Fall 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.
Note: The Comprehensive Examination is applicable only for those students who have been merged from earlier syllabuses and
will be conducted upto August 2014 only.
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 Commercial 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 accountants 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/ Semesters i.e., Stage-1 to 6/ Semester-1 to 6.
The students, who fail to qualify First Comprehensive Examination, their second Comprehensive Examination is conducted after two (2) months of declaration of the result of earlier Comprehensive Examination i.e., with normal Examinations for Spring and Fall session respectively.