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Qualification FAQ’s

1. What is iCPAR?
The Institute of Certified Public Accountants of Rwanda (ICPAR) is the Professional Accountancy Organization (PAO) established in 2008. iCPAR is mandated by law number 11/2008 to regulate the Accounting profession in the republic of Rwanda. ICPAR is the only body authorized by law to register and grant practicing certificates to Certified Public Accountants (CPAs) in Rwanda. Certified Public Accountant Certificate holders that are registered as members of ICPAR are entitled to the CPA (R) designation.

2. What are the qualifications for one to become a student of iCPAR?
1 CPA a Senior Six Examination Score of 30 points and above or its equivalent b Holders of Certified Accounting Technician Certificate or c Bachelors Degree or Diploma in Accounting or Accounting Certificate from a recognized University/ Tertiary institution or Professional body. d Third Year University students specializing in Accounting or Business studies
2 CAT a Senior Six Examination Score of 15 points or more. b Work Experience and Other certificates from recognized institutions (on case by case basis).

3. What are the fees charged by iCPAR?
The fees and related charges are available on a separate brochure and our website.

4. What are the dates for the examinations and the annual registration renewals?
Examinations are held twice a year in June and December. Annual registration renewals are due on 1st July of every year.

5. How can I get exempted in a particular paper?
Exemptions are granted on paper by paper basis upon application with supporting documents and payment of requisite exemption fees.

6. How long does it take to get a certificate after successful completion of the examinations?
Between Three months and six months. Successful candidates are notified in writing when the certificates are ready for collection.

7. Can one send somebody else to collect a certificate for him/her?
In view of the sensitivity of certificates, candidates are required to collect their certificates in person. However, a certificate may be posted to a candidate on request through registered mail using the address provided by the candidate upon fulfilling the conditions specified in the letter advising candidates that certificates are ready for collection.

8. Does iCPAR give copies of certificates?
iCPAR does not issue copies of certificates but provides a confirmation letter of the candidates pass history on request.

9. Is fees once paid refundable for withdrawals from examination sitting?
It is the policy of the Institute not to refund fees paid.

10. What is the time range when one wants to change an examination centre?
Requests for change of examination centers should be submitted at least two weeks before the examination dates. However, special consideration may be given to late requests on a case by case basis.

11. What documents should candidates produce in the examination room?
Authority to sit the examination letter (timetable).
iCPAR student identification card.
National Identity card / Passport/Driving permit.
Birth certificate in special cases.

12. Which institutions offer training in iCPAR examinations?
Universities.
Private / Commercial colleges.
iCPAR is in the process of accrediting training institutions and will publish a list of accredited institutions from time to time.

13. How can one obtain a reading list of the recommended text books?
The reading list of the recommended text books is available on a separate brochure.

14. Can one pay fees through the iCPAR bank account?
Yes, payment can be made at any branch of the following banks:
Bank of Kigali Account Number 00040-0335616-29
Ecobank Account Number 110-04413101-72

15. Is it possible for iCPAR to post the forms for registration, student identity card, registration renewal, examination entry and exemption to a student or a prospective student?
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Yes on request. The forms are also available on the homepage of iCPAR website www.icparwanda.com the forms are also available at any University offering accounting and business oriented courses.
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16. Is it possible to confirm results via email and iCPAR website?
It is not yet possible to access results via email. However, results may be accessed on the homepage of iCPAR website. iCPAR is currently working on mechanisms to enable candidates access results via email.

17. Can a student sit for iCPAR examinations outside Rwanda?
Not at present, however in future we shall be able to offer iCPAR examinations in countries having Rwanda embassies or High commission.

18. Does iCPAR provide model answers for examination questions to students?
iCPAR will in future provide feedback on examination questions in the iCPAR journal.
iCPAR is working on modalities to enable students obtain model answers to examination questions

19. How long does a student identification card take to be processed?
One to two months from the date of registration.

20. What are iCPAR operating hours?
Weekdays Monday –Friday from 8:00 Am to 5:00 Pm.

21. What is credit retention?
The credit retention system is an examination regulation which allows a candidate who attempts papers in a level and passes some of the paper(s) in the level to retain as credit(s) the paper(s) passed. A candidate is therefore required to sit for the failed paper(s) only. However, a candidate must pass the failed paper(s) in a level within the next two and a half years or five consecutive sittings. Otherwise, the credits will be withdrawn and the candidate required to re-sit all the papers in the level.

22. Where is iCPAR located and does it have branches
iCPAR is located 1st Floor, Prester Building, Kacyiru, Opposite Top Tower Hotel. Currently, iCPAR does not have branches. However, students may obtain the relevant forms and other information from the iCPAR website.

23. How many papers are there in the iCPAR examination?
There are 18 papers in CPA divided into three Levels (Foundation, Intermediate and Advanced)

 

FOUNDATION LEVEL 1

F1.1

Business Mathematics and quantitative methods

F1.2

Introduction to law

F1.3

Financial Accounting

F1.4

Business Management, Ethics and entrepreneurship

 

FOUNDATION LEVEL 2

F2.1

Management Accounting

F2.2

Economics and the Business Environment

F2.3

Information Systems

F2.4

Taxation

 

INTERMEDIATE LEVEL

I1.1

Managerial Finance

I1.2

Financial Reporting

I1.3

Company Law

I1.4

Auditing

 

ADVANCED LEVEL 1

A1.1

Strategy and Leadership

A1.2

Audit practice and assurance services

A1.3

Advanced Financial Reporting

 

ADVANCED LEVEL 2

A2.1

Strategic corporate Finance

A2.2

Strategic Performance Management

A2.3

Advanced Taxation

There are 10 papers in CAT divided into two levels (Level 1 &level 2):

 

LEVEL 1

L1.1

Introduction to Financial Accounting

L1.2

Business  law

L1.3

Business Management, Ethics and entrepreneurship

L1.4

Business Mathematics

L1.5

Economics and the Business Environment

 

LEVEL 2

L2.1

Financial Accounting

L2.2

Information Systems

L2.3

Management Accounting

L2.4

Taxation

L2.5

Auditing

24. When was the first examination held after launch of syllabus?
First examination was held in December 2012

25. What was the performance rate in the first examination?
OVERALL PASS RATES

 

CAT

CPA

Total who attempted

27

108

Total Pass (All) papers

3

6

Percentage  Pass Rate

11%

5%