icap msa past papers:
Download icap msa Past Papers from 2016 to latest attempt
MSA General Guidance:
Students are required to prepare for examination according to the Learning Outcomes and Syllabus Contents specified in Directive 1.01.
All ICAP publications of International Financial Reporting Standards (IFRS) and International Standards on Auditing (ISAs), Code of ethics are examinable under the respective sections of syllabus.
The Companies Act 2017, and the other laws, rules and regulations which are mentioned in the respective sections of syllabus are examinable.
Income Tax Ordinance 2001, and the other laws, rules and regulations which are relevant to the respective sections of syllabus are examinable.
In order to help the students in preparation of their examination, the Institute publishes: a. Practice Kits for CFAP -2 Corporate Laws and CFAP-5 Advanced Taxation and study material (comprising study support material and practice kit) for all other subjects of CFAP. b. Workbooks for MSA level examination.
6. For the section on Governance, Ethics and Professionalism for CFAP 02 – Corporate Laws, students are advised to prepare from: a. Chapters 4 and 5 of the book “Managing Business Ethics-Straight talk about how to do it right (Fifth Edition)” by Linda K. Trevino & Katherine A. Nelson, b. Public Sector Companies (Corporate Governance) Rules, 2013 and c. Code of Corporate Governance, 2019 for listed Companies.

Syllabus grid of MSA1 Financial Reporting and Assurance Professional Competence:
Here is the grid of Syllabus of MSA1 Financial Reporting and Assurance Professional Competence.
Grid | Weightage |
Financial accounting and reporting | 50-65 |
Audit, assurance and related services | 30-40 |
Company law and ethics (provisions relating to accounts and audit) | 05-10 |
Total | 100 |
Syllabus grid for MSA2 Management Professional Competence:
Here is the grid of Syllabus of MSA Management Professional Competence.
Grid | Weightage |
Strategic management | 40-50 |
Financial and performance management | 35-45 |
Tax planning | 05-15 |
Management & Administration related Corporate law and Codes of corporate governance and ethics | 05-10 |
Total | 100 |
Summer Examination:
2021 Examination:
Download icap msa past papers of MSA1 Financial Reporting and Assurance Professional Competence of summer 2021 examination in pdf format. Download icap past paper of MSA2 Management Professional Competence of summer 2021 examination in pdf format.
MSA1 Financial Reporting and Assurance Professional Competence
MSA2 Management Professional Competence
2020 Examination:
Download icap msa past papers of MSA1 Financial Reporting and Assurance Professional Competence of summer 2020 examination in pdf format. Download icap past paper of MSA2 Management Professional Competence of summer 2020 examination in pdf format.
MSA1 Financial Reporting and Assurance Professional Competence
MSA2 Management Professional Competence
2019 Examination:
Download icap msa past papers of MSA1 Financial Reporting and Assurance Professional Competence of summer 2019 examination in pdf format. Download icap past paper of MSA2 Management Professional Competence of summer 2019 examination in pdf format.
MSA1 Financial Reporting and Assurance Professional Competence
MSA2 Management Professional Competence
2018 Examination:
Download icapmsa past papers of MSA1 Financial Reporting and Assurance Professional Competence of summer 2018 examination. Download past paper of MSA2 Management Professional Competence of summer 2018 examination.
MSA-1 Financial Reporting and Assurance – Professional Competence
- MSA-2 Management – Professional Competence
2017 Examination:
Download icapmsa past papers of MSA1 Financial Reporting and Assurance Professional Competence of summer 2017 examination. Download past paper of MSA2 Management Professional Competence of summer 2017 examination.
Winter Examination:
2021 Examination:
Download icap msa past papers of MSA1 Financial Reporting and Assurance Professional Competence of Winter 2021 examination in pdf format. Download icap past paper of MSA2 Management Professional Competence of Winter 2021 examination in pdf format.
MSA1 Financial Reporting and Assurance Professional Competence
MSA2 Management Professional Competence
2020 Examination:
Download icap msa past papers of MSA1 Financial Reporting and Assurance Professional Competence of Winter 2020 examination in pdf format. Download icap past paper of MSA2 Management Professional Competence of Winter 2020 examination in pdf format.
MSA1 Financial Reporting and Assurance Professional Competence
MSA2 Management Professional Competence
2019 Examination:
Download icap msa past papers of MSA1 Financial Reporting and Assurance Professional Competence of Winter 2019 examination in pdf format. Download icap past paper of MSA2 Management Professional Competence of Winter 2019 examination in pdf format.
MSA1 Financial Reporting and Assurance Professional Competence
MSA2 Management Professional Competence
2018 Examination:
Download icap past paper of MSA1 Financial Reporting and Assurance Professional Competence of Winter 2018 examination in pdf format. Download icap past paper of MSA2 Management Professional Competence of Winter 2018 examination in pdf format.
MSA-1 Financial Reporting and Assurance – Professional Competence
- MSA-2 Management – Professional Competence
2017 Examination:
Download icap past paper of MSA1 Financial Reporting and Assurance Professional Competence of Winter 2017 examination in pdf format. Download icap past paper of MSA2 Management Professional Competence of Winter 2017 examination in pdf format.