05-21-2006, 05:00 AM
<blockquote id="quote"><font size="1" face="Verdana, Tahoma, Arial" id="quote">quote<hr height="1" noshade id="quote"><i>Originally posted by hanifasif</i>
<br />Just exactly what many of us had been expectingâ¦..
ICAP has just rephrased the wording of its exemption policy for ICAEW members. What I understand from the wording is that those who become ICAEW members through CCAB route will not be entitled to become ICAP members.
Now, the eligibility criteria to become ICAP members is the âSuccessful completion of examinations and training prescribed by the Institute of Chartered Accountants in England & Walesâ.
I feel disgusted. I have enormous respect for ICAP but the way it puts barriers to the entry to its membership register is really despicable. The accountancy bodies all over the world are increasing its membership base but ICAP is going the other way round. Anyway its going to repent I tell you. ICAP members have now very strong competitors in the market. ACCA members with ACA designations will surely going to give tough times to homegrown ACAs.
Lets C when it startsâ¦â¦â¦..
<hr height="1" noshade id="quote"></font id="quote"></blockquote id="quote">
Hanif, are you sure this is a new change, I thought this is how it was worded earlier on. Well, if they have they have. I think unless there are legal restrictions on ICAP,. ICAP would ensure that they remain to be the market leaders in Pakistan, which is ofcourse by not allowing any one else to get into that position. I think and I know I will be criticised for this... for all who have decided to go on to the ACCA, ACMA, CIMA, CPA route very well did realise that they were not going for the 'prime accounting qualification' in the country and they they will not have the right to 'audit companies'. Ofcourse the market is responding to them and will further widen in the future. But I only see this as fair enough... you knew what limitations there would be.
Unless we have some thing like the DTI (as in UK) in Pakistan its going to be as it is.
<br />Just exactly what many of us had been expectingâ¦..
ICAP has just rephrased the wording of its exemption policy for ICAEW members. What I understand from the wording is that those who become ICAEW members through CCAB route will not be entitled to become ICAP members.
Now, the eligibility criteria to become ICAP members is the âSuccessful completion of examinations and training prescribed by the Institute of Chartered Accountants in England & Walesâ.
I feel disgusted. I have enormous respect for ICAP but the way it puts barriers to the entry to its membership register is really despicable. The accountancy bodies all over the world are increasing its membership base but ICAP is going the other way round. Anyway its going to repent I tell you. ICAP members have now very strong competitors in the market. ACCA members with ACA designations will surely going to give tough times to homegrown ACAs.
Lets C when it startsâ¦â¦â¦..
<hr height="1" noshade id="quote"></font id="quote"></blockquote id="quote">
Hanif, are you sure this is a new change, I thought this is how it was worded earlier on. Well, if they have they have. I think unless there are legal restrictions on ICAP,. ICAP would ensure that they remain to be the market leaders in Pakistan, which is ofcourse by not allowing any one else to get into that position. I think and I know I will be criticised for this... for all who have decided to go on to the ACCA, ACMA, CIMA, CPA route very well did realise that they were not going for the 'prime accounting qualification' in the country and they they will not have the right to 'audit companies'. Ofcourse the market is responding to them and will further widen in the future. But I only see this as fair enough... you knew what limitations there would be.
Unless we have some thing like the DTI (as in UK) in Pakistan its going to be as it is.
