Islamabad September 11, 2020 – NUST Business
School (NBS) has been awarded Relevant Degree Awarding Institute (RDAI)
Certificate by the Institute of Chartered Accountants of Pakistan (ICAP).
President ICAP Mr Khalilullah Shaikh presented the Certificate to Lt Gen Naweed
Zaman, HI(M), (Retd), Rector NUST, at a ceremony held at the university’s main
campus here on Friday.
NUST’s BS ACF programme’s performance evaluated through independent
verification auditors, ICAP has upgraded the university’s status to RDAI. With
this elevation, NUST BS ACF students will now be required to appear for only 2 gateway
exams in pursuing Chartered Accountancy, instead of 5 papers prior to starting
professional training and appearing for third level papers. This milestone will
not only help NUST’s BS ACF final-year students to start professional training
immediately after graduation but will also benefit ICAP in terms of having
finest students of Chartered Accountancy.
Based on the previous
MoU between NUST and ICAP (2014), BS ACF graduates were given exemption from 8
papers and were required to appear for 5 more papers before starting
professional training and appearing for the third level papers. It merits
mention that NBS is one of only two Pakistani Business institutions and the
only one in the country’s North region to have been awarded the status of RDAI.
ICAP is a
premier accountancy body that is recognised internationally and regulates the
profession of Accountancy with world-class competencies. It has more than 10,000
members with global presence and has a list of collaborations and reciprocal
arrangements with a number of Accountancy bodies around the world.