07-16-2010, 06:21 AM
Dear Mr/Ms VITAL, this inko is not an ACCA student. This inko runs an accountancy firm in London and has trained many ICAEW and ACCA students, and was merely trying to answer the question posed at this forum, i.e. is ICAP threatened by ACCA? and if so, why? I felt that my earlier comment was self explanatory but it seems that I need to spell it out for some forum members. The answer in plain English is, yes ICAP is threatened and the reason being that before you know there will be more ACCA members in Pakistan compared to ICAP members. And these ACCA members, with the passage of time will reach senior positions in industry and practice. In accounts departments around the country, they will be in majority and being loyal to their own professional body, will recruit more ACCA trainees in preference to ICAP trainees. This obviously, will be a very undesirable position for ICAP. Hope this answers the question.
Furthermore, ACCA students in Pakistan don't need to worry about exemptions from ICAP. If they want to be CAs, they can always join my favourite accountancy body, the ICAEW under its Pathway Scheme for the ACCA and CIMA members. Unfortunately, ICAP members are not yet being offered this option by the ICAEW!
Furthermore, ACCA students in Pakistan don't need to worry about exemptions from ICAP. If they want to be CAs, they can always join my favourite accountancy body, the ICAEW under its Pathway Scheme for the ACCA and CIMA members. Unfortunately, ICAP members are not yet being offered this option by the ICAEW!
