Refresher course for CIPA to begin on February 29

IBA Centre for Excellence in Islamic Finance (IBA-CEIF) has announced refresher course for "Certified Islamic Professional Accountant" (CIPA). The three months weekend CIPA Refresher Course will be organized in collaboration with Accounting and Auditing Organization for Islamic Financial Institutions (AAOIFI), Bahrain starting from 29th February 2020 at IBA City Campus.

The course will cover the Auditing and Accounting section of the CIPA programme as well concisely touches upon the BRE and SS/SG modules. The course will be conducted by experts from AAOIFI and industry. The participants of the course will be eligible for discounts on the CIPA Exam conducted by AAOIFI.

The CIPA qualification aims at achieving the objective including to develop in-depth understanding and application abilities of the requirements of the AAOIFI Financial Accounting Standards (FAS) in respect of presentation of financial statements and financial reporting of Islamic Financial Institutions (IFIs) and to ensure that candidates understand the process and techniques of carrying out the audit in accordance with the principles of accountancy as well as with the International Standards on Auditing.

According to organizers Shariah Compliance/ Review Officers, Accountants and Auditors, Shari'ah Auditors, Islamic finance practitioners, bankers, and professionals and undergraduate or graduate students aspiring for an accounting career in Islamic banks can attend this course.

As this is an advanced level course, which requires basic knowledge of Islamic Banking and Finance, therefore, participants should have at least two years of experience in Islamic Finance Industry or at least completed master's degree in business/ economics (preferred) or individuals graduated with qualification in Accounting.