ICAP Past Papers:
Download icap past papers of AFC, CAF, CFAP , MSA, Writing skills test, Foundation level , Intermediate level and final level. Get access to latest syllabus content from here.
Assessment of Fundamental Competencies (A.F.C)
Download ICAP past papers of AFC Level here. Assessment of Fundamental Competencies or AFC is the first stage of Chartered Accountancy certification of icap. Please note that Afc examinations will be discontinued after Winter 2021 attempt as per new education scheme 2021.Assessment of Fundamental competencies stage consists of four subjects;
- Functional English
- Quantitative Methods
- Business Communication
- Introduction to Information Technology

Download ICAP past papers of CAF Level here. Certificate in Accounting and Finance or CAF is the second stage of Chartered Accountancy certification of icap. Please note that CAF examination subjects are different as per new education scheme 2021.Certificate in Accounting and Finance stage consists of eight subjects and Writing Skills test;
- Financial Accounting and Reporting I
- Tax Practices
- Cost and Management Accounting
- Business Law
- Financial Accounting and Reporting II
- Managerial and Financial Analysis
- Company Law
- Audit and Assurance
Download ICAP past papers of AFC Level here. Certified Finance and Accounting Professional or CFAP is the third stage of Chartered Accountancy certification of icap. CFAP examination subjects are tested during training duration. A student is eligible to appear in CFAP examination after completing 18 months of training. Certified Finance and Accounting Professional stage consists of six subjects;
- Advanced Accounting and Financial Reporting
- Corporate Law
- Business Management and Strategy
- Business Finance Decisions
- Advanced Taxation
- Audit, Assurance and Related Services
Download ICAP past papers of AFC Level here. Final Examination was the last stage of icap certification in old education scheme of icap. At that time final stage was divided into Module E and Module F examination. Final stage was tested during training just like CFAP and MSA examinations as per new education policy. There were eight subjects in final examination. Each module consisted of four subjects.
Module E Examination
- Information Technology Management, Audit and Control
- Advanced Accounting and Financial Reporting
- Corporate Law
- Business Management
Module F Examination
- Management Accounting
- Business Finance Decisions
- Advanced Taxation
- Advanced Audit
Download ICAP past papers of AFC Level here. Foundation Examination was the First stage of icap certification in old education scheme of icap. At that time final stage was divided into Module A and Module B examination. . There were five subjects in foundation examination. Module A consisted of two subjects and Module B contained three subjects
Module A Examination
- Functional English
- Quantitative Methods
Module B Examination
- Introduction to Economics & Finance
- Introduction to Financial Accounting
- Mercantile Law
Download ICAP past papers of AFC Level here. Intermediate Examination was the second stage of icap certification in old education scheme of icap. At that time final stage was divided into Module C and Module D examination. . There were seven subjects in foundation examination. Module C consisted of three subjects and Module D contained four subjects;
Module C Examination
- Financial Accounting
- Taxation
- Business Communication & Behavior Studies
Module D Examination
- Company Law
- Cost Accounting
- Auditing
- Information Technology
Multi Subject Assessment is the Fourth and last stage of Chartered Accountancy certification of icap. MSA examination subjects are tested during training duration. A student is eligible to appear in CFAP examination after completing 18 months of training. Multi Subject Assessment stage consists of two subjects;
- Financial Reporting and Assurance Professional Competence
- Management Professional Competence