What Are The Features Of Auditing Profession?

In Pakistan auditing profession is allied with the Institute of Chartered Accountants of Pakistan (ICAP). It is an autonomous body incorporated under the Chartered Accountants Ordinance 1961.
ICAP is a regulatory body that enjoys a self regulatory status. Its affairs are run by a council which is elected by its member (Chartered Accountants).
Only those members of the ICAP are eligible of doing audit who have obtained license for the purpose, these are known are practicing members.

Management of ICAP

The President is the Chief Executive of the Institute. The administrative head of the Institute is the
Executive Director/Secretary who functions under the directions of the Council, Executive Committee, The President and the Vice Presidents. The Executive Director in performance of his functions is assisted by:
• Secretary
• Director Technical Services
• Director Professional Standards Compliance
• Director Education & Training
• Director Examinations
• Regional Director North
The prime responsibilities of Executive Director include Personnel Management; Financial Management; Office Administration; Publications; Information Systems; Conducting and performing Secretarial functions for the Council and Executive Committee Meetings.