Registration & Exemptions
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CIPA Registration and Exam Schedules – 2018 June & December
| JUNE 2018 | JUNE 2018 |
| Registration Deadline | 20 March 2018 |
| Late Registration (with penalty of USD 100 per module) | Thereafter |
| JUNE 2018 – Exams | JUNE 2018 – Exams | JUNE 2018 – Exams |
| Modules | Exam Dates | Language |
| Financial Accounting & Reporting (FAR) | 7 May 2018 | English |
| Auditing, Assurance, and Ethics (AAE) | 8 May 2018 | English |
| Business and Regulatory Environment (BRE) | 8 May 2018 | English |
| Shari’ah Standards & Shari’ah Governance (SS&SG) | 9 May 2018 | English |
| DECEMBER 2018 | DECEMBER 2018 |
| Registration Deadline | 01 November 2018 |
| Late Registration (with penalty of USD 100 per module) | Thereafter |
| DECEMBER 2018 – Exams | DECEMBER 2018 – Exams | DECEMBER 2018 – Exams |
| Modules | Exam Dates | Language |
| Financial Accounting & Reporting (FAR) | 3 December 2018 | English |
| Auditing, Assurance, and Ethics (AAE) | 4 December 2018 | English |
| Business and Regulatory Environment (BRE) | 4 December 2018 | English |
| Shari’ah Standards & Shari’ah Governance (SS&SG) | 5 December 2018 | English |
NOTE:
Registration and Exam dates are subject to change due to unforeseen circumstance or event with prior notice.
Eligibility Criteria for CIPA Registration
To register for the CIPA program, the prospective CIPA Candidate must be:
- an undergraduate or postgraduate from a university recognized by a competent authority of higher education in the candidate’s respective country, or abroad, in discipline of accounting, economics, business, or commerce with minimum 55% markets; or
- a member of accounting professional bodies which are IFAC members; or
- have any other accounting and finance related professional membership / affiliation recognized by AAOIFI from time to time
NOTE: Eligibility criteria may be relaxed on case-to-case basis. For instance, those academically strong candidates having A Levels / High School qualifications may also be considered for CIPA program.
Eligibility Criteria for Exemptions from Module Exams
- FAR — Exemptions are generally not offered
- AAE — Full exemption for holders of relevant professional qualifications in which they passed Advanced Auditing course (e.g. CPA, CA, ACCA (p7 paper passed)
- BRE – Full or Partial exemption for holders of relevant professional qualifications (e.g. CPA, CA, ACCA, BIBF-ADIF). Full exemption is also offered to university students / graduates under Collaboration Agreement Program
- In case of full exemption, Candidates may also be required to sign a ‘Study Confirmation’ certificate for BRE Study Text from Chapter E-01 (page 278) to Chapter F-01 (page 427)
- In case of partial exemption, Candidates may be required to write a 5000 words research paper on topic of Risk Management for Islamic Financial Institution
- SS&SG — Full exemption offered to all existing & future AAOIFI CSAA Fellows. Full Exemption offered to university students / graduates or religious centers under Collaboration Agreement Program
Eligibility Criteria for Exemptions from PER
• Partial Exemption (6 months)
• Up to 3 years of accountancy experience in an IFI; or
• Up to 5 years of accountancy experience in a financial institution(s); or
• Membership of professional bodies which are IFAC members and at least 1 year of accountancy experience in a financial institution(s)
• Full Exemption (12 months)
• More than 3 years of accountancy experience in an IFI; or
• More than 5 years’ of accountancy experience for financial institutions and at least 3 months of accountancy experience in an IFI; or
• Membership of Professional bodies which are IFAC members and at least 6 months of accountancy experience in an IFI.
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