The Institute is governed by a Council of nine members. Six of these members are elected by the members from the membership of the Institute. Three members of the Council are appointed by the State. Each Council serves a term of three years from the date of election of members to the Council.
Roles and Responsibilities
The Council serves as the governing body of the Institute, makes decisions on the overall strategy, policy and direction, as well as handling matters stipulates in the Professional Accountants Ordinance. The Council establishes criteria required to maintain quality of work carried out by the Institute’s members and provide technical assistance to competent authorities with legal mandate to isse public sector accounting standards. It is also entitled with the power and responsibility to take necessary actions in accordance to the Chartered Accountants Act and regulations made under the Act.