02-10-2009, 10:16 PM
Dear Khalid,
As a member of professional body / or student you should respect all others accounting/finance/audit institutions as they are all working for the benefit of the profession , by merely not accepting one's qualification by others institute you cant say that one institute is not respectable.
Just like in UAE , when we meat local accountants , they proudly say they are the members of Arab Accounting Association, and they proud of it. I dont know accurately , but I dont think any of the other institute in the world knows about Arab Accounting Association, but they are working all over the world.
Further the statement that ICAP does not respect others Institutes or members of other institutes is totally wrong. There is no such incident happens in ICAP or by ICAP.
Further the recognition of ICAP outside Pakistan , please note that I joined organization in UAE on the basis of ICAP qualification, when my employer accepts my qualification it means that they are accepting ICAP. Mr. Asad Ali Shah President Institute of Chartered Accountants of Pakistan (ICAP) has been appointed as Member Board of International Federation of Accountants (IFAC) for the term 2008 â 2011.Mr. Shabbir Zaidi (ICAP) is the president of SAFA. If world doesnot recognizes ICAP then how come they are holding these positions.
Yes the ICAP has no reciprocal agreement with any of the institutes like CICA, CA(Aust) etc but it doesnt mean that they do not recognize ICAP, ICAP members and students can get exemptions from papers of these Institutes , by giving exemption to one paper means that they are recognizing, the matter is only upto what extent.
Now I will come to the Last point , did any of us ever think why ICAI is getting all these exemptions , this is not because of ICAI but the efforts of members and non-members of the institute, they portrays the ICAI as best Institute in the world having largest membership. Even if an indian accountant not member of ICAI but ACCA or others never dis-respect ICAI , but always proud of having institute like ICAI , even in professional talks they always refer to ICAI although they are not the members.
We all know that our country is having low literacy rates , low income and less opportunities and our students are struggling to get better education, we must salute our own institutes and always help them to grow whether it is ICAP, ICMA or PIPFA for providing world class education.
Mr. Khalid , I really respect you because of your professional knowledge and guidance you are providing to others students and members, but ICAP(ICMAP) is the one who teaches Pakistani about accountancy and professionalism. An engineer or doctor does not guide you about ICAEW or ACCA. Its ICAP(ICMAP) members or students who are given guidance to the students about ACCA or ICAEW. ACCA or ICAEW is having roots in Pakistan only because of ICAP(ICMAP).
Best Regards
As a member of professional body / or student you should respect all others accounting/finance/audit institutions as they are all working for the benefit of the profession , by merely not accepting one's qualification by others institute you cant say that one institute is not respectable.
Just like in UAE , when we meat local accountants , they proudly say they are the members of Arab Accounting Association, and they proud of it. I dont know accurately , but I dont think any of the other institute in the world knows about Arab Accounting Association, but they are working all over the world.
Further the statement that ICAP does not respect others Institutes or members of other institutes is totally wrong. There is no such incident happens in ICAP or by ICAP.
Further the recognition of ICAP outside Pakistan , please note that I joined organization in UAE on the basis of ICAP qualification, when my employer accepts my qualification it means that they are accepting ICAP. Mr. Asad Ali Shah President Institute of Chartered Accountants of Pakistan (ICAP) has been appointed as Member Board of International Federation of Accountants (IFAC) for the term 2008 â 2011.Mr. Shabbir Zaidi (ICAP) is the president of SAFA. If world doesnot recognizes ICAP then how come they are holding these positions.
Yes the ICAP has no reciprocal agreement with any of the institutes like CICA, CA(Aust) etc but it doesnt mean that they do not recognize ICAP, ICAP members and students can get exemptions from papers of these Institutes , by giving exemption to one paper means that they are recognizing, the matter is only upto what extent.
Now I will come to the Last point , did any of us ever think why ICAI is getting all these exemptions , this is not because of ICAI but the efforts of members and non-members of the institute, they portrays the ICAI as best Institute in the world having largest membership. Even if an indian accountant not member of ICAI but ACCA or others never dis-respect ICAI , but always proud of having institute like ICAI , even in professional talks they always refer to ICAI although they are not the members.
We all know that our country is having low literacy rates , low income and less opportunities and our students are struggling to get better education, we must salute our own institutes and always help them to grow whether it is ICAP, ICMA or PIPFA for providing world class education.
Mr. Khalid , I really respect you because of your professional knowledge and guidance you are providing to others students and members, but ICAP(ICMAP) is the one who teaches Pakistani about accountancy and professionalism. An engineer or doctor does not guide you about ICAEW or ACCA. Its ICAP(ICMAP) members or students who are given guidance to the students about ACCA or ICAEW. ACCA or ICAEW is having roots in Pakistan only because of ICAP(ICMAP).
Best Regards