PIPFA was established in 1993, under Section 42 of the Companies Ordinance 1984 and is licensed by the Securities and Exchange Commission of Pakistan. PIPFA’s responsibilities include setting initial and continuing professional development requirements, ethical requirements, and establishing an I&D system for all public finance accountants. Members of PIPFA are awarded the Associate Public Finance Accountants or Fellow Public Finance Accountants designation. PIPFA is a Member of IFAC.