Stages of CA | CFAP AND MSA

CFAP AND MSA

After passing CAF Level, Students will go to CA Firms for Articles for a period of 3.5 years. During this period, Students can start their third stage CFAP after 1.5 years of training. In CFAP, students will have to pass 6 papers of this stage Which are Following:

CFAP (Certified Finance and Accounting Professional)

1. CFAP-01 Advanced Accounting and Financial Reporting
2. CFAP-02 Corporate Laws 
3. CFAP-03 Business Management and Strategy
4. CFAP-04 Business Finance Decisions
5. CFAP-05 Advanced Taxation
6. CFAP-06 Audit, Assurance and Related Services

https://castudytips.blogspot.com/2020/04/cfap-and-msa.html

MSA:

Students can enter into MSA by passing all subjects of CFAP. MSA is the final stage to qualify as a CA. There are 2 Subjects in MSA:

• Financial Reporting And Assurance Professional Competence
• Management Professional Competence.

https://castudytips.blogspot.com/2020/04/cfap-and-msa.html

After Passing MSA . Now you call yourself as a Chartered Accountant. And you will receive a Certificate of Chartered Accountancy.