 In view of globalization of the accountancy profession, the Institute is in the process of updating the Ordinance and Bye-Laws once again.The course of ICAP involves a blend of theoretical education and practical training which run concurrently for a period of 4.5 years and equips a student with knowledge, ability, skills and other qualities required of a professional accountant.The head office of the institute is in Clifton, Karachi where it has its own premises.