Certified Islamic Professional Accountant (CIPA)


Certified Islamic Professional Accountant (CIPA)

 

Certified Islamic Professional Accountant (CIPA) is professional program certified by AAOIFI designed to equip candidates with the requisite technical understanding and professional skills on accountancy for international Islamic banks and financial institutions. CIPA program consists of Education Scheme and Practical Experience Scheme prepared to achieve these objectives:

1. To develop in-depth understanding and application abilities of the requirements of the AAOFI Financial Accounting Standards in respect of presentation of financial statements and financial reporting of Islamic Financial Institutions (IFIs).

2. To ensure that candidates understand the process and techniques of carrying out the audit in accordance with the principles of accountancy as well as with the International Sta ndards on Auditing

3. To equip candidates with the understanding of the fundamentals of business and business management and the role of an accountant in relation to governance, tax, compliance and risk management in a n organization.

4. To provide the understanding of the basic foundations for Shari’ah compliance underpinning in Islamic banking and finance, and to develop strong application abilities of the requirements of the AAOFI Shari’a standards

5. To equip candidates with comprehensive understanding of the requirements of Governance in an organization from Shari’ah perspective

Program content:

CIPA program consist of the following courses:

1. Financial Accounting and Reporting (FAR)

Objective: To develop an in-depth understanding and application abilities of the requirements of the AAOIFI Financial Accounting Standards in respect of presentation of financial statements and financial reporting of Islamic Financial Institutions (IFIs).

2. Audit, Assurance, and Ethics (AAE)

Objective: To ensure that candidates understand the process and techniques of carrying out the audit in accordance with the principles of accountancy as well as with the International Standards on Auditing

3. Business and Regulatory Environment (BRE)

Objective: To equip candidates with the fundamentals of business and business management and the role of an accountant in relation to governance, tax, compliance and risk management in an organization.

4. A) Shari’ah Standards

Objective: To provide the understanding of the basic foundations for Shari’ah compliance underpinning in Islamic banking and finance, and to develop strong application abilities of the requirements of the AAOFI Shari’a standards.

B) Shari’ah Governance

Objective: To equip candidate with the comprehensive requirements of the governance in an organization from Shari’ah perspective.

Fees Structure

 

 



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