Accountancy in Canada - Printable Version

Accountancy in Canada - Printable Version

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Accountancy in Canada - farrukhnajam - 07-12-2004

Asslamoalikum 2 every 1
well m a student of A levls presently in the last year and m looking forward 2 doin my CA.
well i wished 2 do my CA from UK but due 2 economical restraints i had 2 give in and hence i wanna try for Canada. so can any 1 plz b of sum help regardin my querry as 2 if there is any scope f CA from canada in Canada itself, in pk and as well as the rest f the world.and if any wat oder accountancy qualifications are available in canada like US has CPA wat does CAnada has 2 offer.....
i ll b lookin forward 4 sum real help and ur replies will b highly appreciated .

~Farrukh-

- sumaaan - 07-12-2004

If you're planning for a long term stay in Canada, you should go for CPA... If not, then go for CA... CICA (Canadian Institute of Chartered Accountants) has reciprocal membership with ICAEW...

For more information about 'reciprocal membership'
http//www.icaew.co.uk/index.cfm?AUB=TB2I_7150,MNXI_7150

- farrukhnajam - 07-14-2004

<BLOCKQUOTE id=quote>quote<hr height=1 noshade id=quote>

If you're planning for a long term stay in Canada, you should go for CPA... If not, then go for CA... CICA (Canadian Institute of Chartered Accountants) has reciprocal membership with ICAEW...

For more information about 'reciprocal membership'
http//www.icaew.co.uk/index.cfm?AUB=TB2I_7150,MNXI_7150

<hr height=1 noshade id=quote></BLOCKQUOTE id=quote>

Well sumaan thnx again for ur advice....
but wat abt the scope f doin CA from Canada in pk and the rest of the world. and as u say its got ICAEW reciprocal membership... wat u mean by reciprocal membership and does it make canads CA sum how equvalent 2 dat of wales.
will dis degree b recognized in pk ..and if 2 wat extent....
sumaan ill b lookin forward 2 replies frm u and any 1 elz willin 2 contribute since i need a lot f interrogation in less time
thnx again anyways.

~Farrukh-

- sumaaan - 07-15-2004

<BLOCKQUOTE id=quote>quote<hr height=1 noshade id=quote>
Well sumaan thnx again for ur advice....
but wat abt the scope f doin CA from Canada in pk and the rest of the world. and as u say its got ICAEW reciprocal membership... wat u mean by reciprocal membership and does it make canads CA sum how equvalent 2 dat of wales.
will dis degree b recognized in pk ..and if 2 wat extent....
sumaan ill b lookin forward 2 replies frm u and any 1 elz willin 2 contribute since i need a lot f interrogation in less time
thnx again anyways.

~Farrukh-
<hr height=1 noshade id=quote></BLOCKQUOTE id=quote>

In exact words reciprocal membership means 'you will need to pass an aptitude test which will ensure your competence in, for example, UK Law, Auditing and Financial Reporting standards and statements and Taxation'

Hence, an ACA from CICA will have to pass that aptitude test to become an ICAEW.

- farazthegreat - 07-15-2004

Hi,
You might wanna check this link
http//www.icao.on.ca//index.cfm/ci_id/1768.htm
regarding the reciprocal arrangements between ICAEW and ICAO (Institute of Chartered Accountants of Ontario) as you will most likely study in an Ontario University like "U of T" or Waterloo etc.

I'm leaving for Canada in a few months time to do my CA. I would also like to know the value of Canadian CA's in Pak. I know the exemptions from ICAP are similar to those offered to ICAEW. But what about the job situation. Anybody???

- farrukhnajam - 07-16-2004

hi again
well can i any1 help me knw f the good or the best accountancy schools/colleges in canada..?
faraz u?

~Farrukh-

- farazthegreat - 07-17-2004

Hi
Well, the thing is that CICA is the Canadian CA body but they have a seperate body for each province. You have to fulfill the educational requirements of the province you want to study in and then sit for the exam of CICA. Assuming you want to study in Ontario (Where Toronto is and where most Pakistanis go to) the CA body is ICAO and the web site is
http//www.icao.on.ca/
They first want you to do your bachelors and then job experience for 30 months. They have approved bachelors programs for each university which you can find on their website. The best university is probably Waterloo because of their Co-op program.
By the way I've done my A' Levels from The City School (Gulshan) and now am preparing to leave for Canada in about a months time to go and study in the University of Toronto. Feel free to email me whnever you want.
Faraz

- sumaaan - 07-17-2004

Get experience from one of the bigfour, and they'd be ready to hail you here in Pakistan.

- farrukhnajam - 07-19-2004

[quote]

Get experience from one of the bigfour, and they'd be ready to hail you here in Pakistan.

HI
thnx alot faraz and sumaan but sumaan wat u stated above seems very alien 2 me...as in wat do u mean by the bigfours...m sorry but i dint understand wat u meant...could u plz elaborate on this...
and faraz is it necessary 2 do bachelors...i dnt wanna waste my time in dat and wanna go for CA straight away as it is here in pakistan...is it not possible there in canada?
and where else did u apply?
bytheway m doin my A levels frm city skool 2 (PAF chapter)
thnx again buddies

~Farrukh-

- derivativetrader - 07-20-2004

<BLOCKQUOTE id=quote>quote<hr height=1 noshade id=quote>
[quote]

Get experience from one of the bigfour, and they'd be ready to hail you here in Pakistan.

HI
thnx alot faraz and sumaan but sumaan wat u stated above seems very alien 2 me...as in wat do u mean by the bigfours...m sorry but i dint understand wat u meant...could u plz elaborate on this...
and faraz is it necessary 2 do bachelors...i dnt wanna waste my time in dat and wanna go for CA straight away as it is here in pakistan...is it not possible there in canada?
and where else did u apply?
bytheway m doin my A levels frm city skool 2 (PAF chapter)
thnx again buddies

~Farrukh-
<hr height=1 noshade id=quote></BLOCKQUOTE id=quote>

Big Four means,

Pricewaterhouse Coopers
KPMG
Deloitte
Earnst & Young

Hope it helps.

- farazthegreat - 07-21-2004

<BLOCKQUOTE id=quote>quote<hr height=1 noshade id=quote>

and faraz is it necessary 2 do bachelors...i dnt wanna waste my time in dat and wanna go for CA straight away as it is here in pakistan...is it not possible there in canada?

<hr height=1 noshade id=quote></BLOCKQUOTE id=quote>

Hi,
Well there really is no way you can go directly for CA. But still it is pretty much the same time period as that in Pakistan of about 6 1/2 years (4 years college, 30 months job experience). The only difference is that instead of studying at an institute specifically for CA you study at a univ. Plus you get a bachelors degree (eg BBA, B.Comm) from a university of your choice. I consider it a good thing since at least in Pak. (I'm not sure about England), people usually study seperately for B.Comm along with CA. Also, you can explore other areas of study while at a univ. for instance, I'm going to be taking an Actuarial Science course in my first semester.
Well that's my opinion, the rest is obviously up to you.

- jbladeus - 07-21-2004

<BLOCKQUOTE id=quote>quote<hr height=1 noshade id=quote>
Big Four means,

Pricewaterhouse Coopers
KPMG
Deloitte
Earnst & Young

Hope it helps.<hr height=1 noshade id=quote></BLOCKQUOTE id=quote>

though not in the same order. <img src=icon_smile.gif border=0 align=middle>

Big four with relation to Pakistan means

- AF Ferguson & Co (PWC Pakistan)
- Ford Rhodes Sidat Hyder (Ernst & Young Pakistan)
- Taseer Hadi Khalid & Co (KPMG Pakistan)
- M. Yousuf Adil Saleem & Co (Deloitte Pakistan)

________________________
Arrrgh... it sure's gonna be mighty rough sailin' today ... mates!

- farrukhnajam - 07-27-2004

________________________
Asslamoalikum again
thnx 2 u all for such gr8 help!!!
but yet deres more 2 go!!!
sum ppl told me dat dere aint any CA in canada and it only offers CPA is it?
and watever do they offer wat has a better scope CA or CPA? and is CPA frm canada valued anywhere elz in dis world especially in pk....and wat will i have 2 do if i wanna cum bak after doin my cpa frm canada 2 b cum a CA frm pk?
again any sort f help shall b welcomed and highly appreciated!!!

~Farrukh-

- sumaaan - 07-27-2004

<BLOCKQUOTE id=quote>quote<hr height=1 noshade id=quote>

________________________
Asslamoalikum again
thnx 2 u all for such gr8 help!!!
but yet deres more 2 go!!!
sum ppl told me dat dere aint any CA in canada and it only offers CPA is it?
and watever do they offer wat has a better scope CA or CPA? and is CPA frm canada valued anywhere elz in dis world especially in pk....and wat will i have 2 do if i wanna cum bak after doin my cpa frm canada 2 b cum a CA frm pk?
again any sort f help shall b welcomed and highly appreciated!!!

~Farrukh-
<hr height=1 noshade id=quote></BLOCKQUOTE id=quote>

There is CA in Canada (www.cica.ca)...

If you wish to do CA from Pakistan later on, its better that you do CA from Canada and not CPA... However, CPA too has its own worth and significance.