The CA (M) qualification has three tiers as follows: the knowledge level, the professional level and the Advanced level.

Knowledge Professional Advanced
  • Accounting Framework
  • Management Information
  • Legal Framework
  • Assurance
  • Principles of Taxation
  • Business & Finance
  • Financial & Management
    Accountancy Skills &
  • Financial Management
  • Financial Accounting
    and Reporting
  • Audit & Assurance
  • Tax Compliance
  • Public Sector Accounting
  • Business Strategy
  • Business Reporting
  • Strategic Business Management


Knowledge level

There are seven introductory examination papers all of which are assessed through written examinations. The subjects introduce students to concepts and essentials of accounting and business, proving a ground on which further levels would build on. The examinations require candidates to demonstrates understanding of the concepts in accounting and demonstrate an aptitude and communication ability required to sail through the higher levels of accounting. Those with accounting related diplomas and degrees may gain exemption from some subjects at this level depending on the content of the accounting qualification they hold.


Professional level

There are six application examination papers all of which are assessed through written examinations. These introduce students to a wide depth and range of accounting and business issues, functions, principles, regulations, strategies and implications. Critically the examinations require candidates to demonstrate knowledge through practical application to everyday business situations. The integration of technical skills and work experience helps to define the key skills that define a Chartered Accountant. These include expert advice, professional reasoning and judgment plus excellent communication skills.


Advanced level

There are two advanced subjects at this level. The examinations at this level test higher level of analytical skills. These skills are a key feature of the CA (M) qualification. At this level students are expected to:

  •   Identify and evaluate broad range of business issues and communicate appropriate advice.
  •   Provide relevant and correct technical advice and the business implications of advice given are understood.
  •   Analyze and interpret internal and external and non financial information.
  •   Apply the highest level of professional and ethics skills to businesses and technical issues.
  •   Maintain the awareness of important emerging business issues.


Entry requirements

The following is the range of entry possibilities into the CA (M)

  •   A Level.
  •   Non accounting degrees.
  •   Paec Foundation Certificates with exemption from three subjects at knowledge level: Accounting Framework, management information and Legal Framework.
  •   PAEC Diploma, with exemption from four subjects at knowledge level: Accounting Framework, management Information, Legal Framework and Principles of taxation.
  •   BAcc from the Polytechnic, university of Malawi with exemption from all six subjects at the Knowledge level.
  •   Other accounting degrees whose exemptions would be advised after assessment of the particular degree.


  1. famous mambulu July 15, 2014 at 2:33 pm

    what is the price of each manual for each level respectvely

  2. Seba G Kagulo July 16, 2014 at 7:09 am

    Thats gud coming

  3. William Kaizer July 16, 2014 at 8:59 am

    This is welcoming development. At long last we are having our own professional qualification. I cant wait to be one of the pioneers. I like it

  4. Marko Nkhoma July 17, 2014 at 10:29 am

    I have noted there is an inconsistency of subjects in this wbsite and the newspaper advert / bronchure. The professional level on your (ICAM) bronchure has Business Strategy as one of the subjects and Financial Accounting and Reporting as one subject. This is not the same in this website. Also the bronchure has 7 knowledge level subjects. Please rectify this as a matter of urgency because it is confusing. Which is which???

    Put in the syllabuses also and past/ sample exam papers from ICAEW for us to practice as we prepare for the December 2014 exams.

  5. enoch chisale July 25, 2014 at 2:04 pm

    we have waited for so long for this time,

  6. Allen Yunusu July 27, 2014 at 12:23 pm

    Welcome ICAM. This is good

  7. Enock kamanga August 3, 2014 at 1:32 pm

    When should we expect the manuals and how much at the profession level?

  8. Gift Dziko Nyoni August 4, 2014 at 9:19 am

    very importantly is that it seems the institution shall have a standard curriculum which i think would make it to be more user friendly than what PAEC has been in the previous period.

    we need the studying manuals online please, otherwise I am proud of you ICAM

  9. Blessings Elijah Msowoya August 7, 2014 at 6:57 am

    i welcum ICAM.ku tchatula kuyambike

  10. Daud Phiri August 7, 2014 at 10:11 am

    What about the degree Programe introduced at MCA? IT WILL also be subject to assessment maybe there will be direct exemption of knowledge level subjects as that one from poly?

  11. m chirwa August 29, 2014 at 5:51 am

    is paec foundation still available?

    • Gilton Mkumbwa September 26, 2014 at 10:55 am

      With the coming of the Chartered Accountant Malawi Qualification (CA(m)) the foundation stage was phased out and it has been incorporated into the qualification under the knowledge level. What has happened is that with the Foundation Stage we had four subjects, but now we have only Incorporated three of these four at the knowledge level. Organisation Framework was phased out. However this December 2014 examinations candidates will sit for this paper.

        • lahiru July 24, 2015 at 4:08 pm

          you have registered with this email : Please check this email.

  12. clement thumba September 24, 2014 at 3:20 pm

    Welcome ICAM

  13. Chawanangwa Jere September 26, 2014 at 3:22 pm

    welcome ICAM

  14. joseph KB October 1, 2014 at 10:23 am

    waiting…,…….. Finaly its almost in my house, wanna do this to the level with no hesitation……….,

  15. James chikuse November 9, 2014 at 5:38 pm

    What is the passrate for knowledge level,otherwise this is good for malawi to have our own institute for CAs…..we are together this december.

  16. Joey Kaiya December 5, 2014 at 10:43 am

    This very welcome and a pride to MW Practising Accountants. Study at home work at home.

  17. Marko Nkhoma January 29, 2015 at 1:04 pm

    Is the syllabus for Public Sector Accounting now ready? Please incorporate it in the syllabus document.

  18. Jones Ngwaya January 30, 2015 at 12:52 pm

    Big up ICAM. This is a very great move by Malawians.

  19. peter zulu February 19, 2015 at 12:38 pm

    wow, am very delighted with this move.

  20. imtiaz hussain February 25, 2015 at 8:47 pm

    i need information about membership.I m mipa (Australia),mba finance,fcpa (pak).member accountants and auditors association uae.working as chartered accountant in uae.

    • Gilton Mkumbwa March 13, 2015 at 11:40 am

      Please scan and send copies of your FCPA and MIPA for the Membership Admissions Committee to advise


  21. henderson ajimu March 1, 2015 at 12:36 pm

    You have started well but we need sample papers for P8 because we were taken by surprise in December 14 as to the number of questions in this paper. We need more information please make use of your website.

  22. Graciano Phamba March 6, 2015 at 2:46 pm

    one step at a time, money matters. ICAM sounds good

  23. felix d kantchewa February 3, 2016 at 6:42 am

    mmmmmmmm dats great indeed! ! ! ! ! dat is professinalism ICAM well done

  24. Seba G Kagulo August 6, 2016 at 1:40 pm

    Thanx for the timely release of exams results. We complained and you have responded positively

  25. Sylvester Dada Saulos Chavula September 10, 2016 at 8:20 am

    Thanks great ICAM.Its time to move in professionalism.Good time for exams results.

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