01-22-2009, 08:42 PM
<blockquote id="quote"><font size="1" face="Verdana, Arial, Helvetica, san" id="quote">quote<hr height="1" noshade id="quote"><i>Originally posted by mroneflower</i>
<br />Dear Toronto_Boy and rabia
Rabia Toronto_Boy gave definition of "globally recognized qualificationâ. As far as ACCA is concerned it is allowed to carry out audit work of PLCs in 80 countries of the world. As far as canda is concerned members of ACCA, ICAEW, ICAS and so on cannot call them self accountant unless they become member of CICA or CGA Canda. In USA no accountancy qualification is recognised, only ICAI(Irealnd) has MRA with CPA(USA) but still ACA from ICAI(Ireland) have to pass conversion exams in USA to become qualified accountant in USA. ICAEW, ICAS, ACCA and other qualification are not recognised in USA. ACCA had MRA with CAP(Taxes) but ACCA canceled in in 1999(i am not sure about yr).
In any case ICAP is not recognised anywhere outside pakistan. I know you are talking about GAA. GAA does not provide any benefits to its members. CPA(USA) is member of GAA but does not recognises any other institute which are member of GAA apart from ICAI(Ireland) so what thepoint of forming GAA. GAA was formed by ICAEW after it failed to merge with CIPFA and CIMA.
That is why I have been saying in Europe Accountancy bodies are working towards forming a single qualification or make accountancy qualification like Actuary. Remember Actuary from one country is competely recignised in an other.
Its right CFA is only qualification which is accepted every where in the world. The reason for this is CFA does not have any direct competitor at present.
Rabia what is your understanding of global qualification. Can you please explain
Khalid
my understanding of ACCA as a gloabl qualification is exactly the same as ures and toronto boy's. but by some posts i became doubtful. anyways thank again for clearing the doubts.
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<br />Dear Toronto_Boy and rabia
Rabia Toronto_Boy gave definition of "globally recognized qualificationâ. As far as ACCA is concerned it is allowed to carry out audit work of PLCs in 80 countries of the world. As far as canda is concerned members of ACCA, ICAEW, ICAS and so on cannot call them self accountant unless they become member of CICA or CGA Canda. In USA no accountancy qualification is recognised, only ICAI(Irealnd) has MRA with CPA(USA) but still ACA from ICAI(Ireland) have to pass conversion exams in USA to become qualified accountant in USA. ICAEW, ICAS, ACCA and other qualification are not recognised in USA. ACCA had MRA with CAP(Taxes) but ACCA canceled in in 1999(i am not sure about yr).
In any case ICAP is not recognised anywhere outside pakistan. I know you are talking about GAA. GAA does not provide any benefits to its members. CPA(USA) is member of GAA but does not recognises any other institute which are member of GAA apart from ICAI(Ireland) so what thepoint of forming GAA. GAA was formed by ICAEW after it failed to merge with CIPFA and CIMA.
That is why I have been saying in Europe Accountancy bodies are working towards forming a single qualification or make accountancy qualification like Actuary. Remember Actuary from one country is competely recignised in an other.
Its right CFA is only qualification which is accepted every where in the world. The reason for this is CFA does not have any direct competitor at present.
Rabia what is your understanding of global qualification. Can you please explain
Khalid
my understanding of ACCA as a gloabl qualification is exactly the same as ures and toronto boy's. but by some posts i became doubtful. anyways thank again for clearing the doubts.
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