10-06-2010, 10:24 PM
ive heard cima is exempting b.com from 1st 5 papers who register before 31st otctober 2010. with all due respect, this sounds more like a doscount bargain on a shoe store than coming from a professional body who for years awarded only about 4 or 5 exemptions to pakistani CMA's and baout 6 or 7 to Pakistani CA's. its a shame that these british so called world class accounting bodies stoop so low in 3rd world countries like Pakistani just to get as many students as possible and the govt over here is totally sleeping. so much precious foreign exchange going out unabated in the name of exam fees and all....
this is not the case in india, when icaew tried to enter indian market sometime back, the ICAI went to court and stopped them from counducting papers in india, icaew was then forced to enter in a humilitaing contract whereby a CA from india is exempted all 14 papers of ICAEW and is only required to take the case study whilse a CA from ICAEW who wants to do india CA, must pass all papers of final part. isnt it strange??? consider the fact that in India they have only recently started adopting IAS and IFRS whereas relevant papers of ICAEW have beeb based on IAS and IFRS for a long time....
another interesting aspect is that Pakistani CA's r allowed exemptions of 13 out of 14 papers, and that too after actively being pursued by ICAP....
another aspect of the matter is that as far as i know (correct me if i am wrong), threre r about 145k qualified CA's from ICAI and around 120k students, that means a pakistani CA who completes ICAEW qualification has a lot of competitors in the international market....
this is not the case in india, when icaew tried to enter indian market sometime back, the ICAI went to court and stopped them from counducting papers in india, icaew was then forced to enter in a humilitaing contract whereby a CA from india is exempted all 14 papers of ICAEW and is only required to take the case study whilse a CA from ICAEW who wants to do india CA, must pass all papers of final part. isnt it strange??? consider the fact that in India they have only recently started adopting IAS and IFRS whereas relevant papers of ICAEW have beeb based on IAS and IFRS for a long time....
another interesting aspect is that Pakistani CA's r allowed exemptions of 13 out of 14 papers, and that too after actively being pursued by ICAP....
another aspect of the matter is that as far as i know (correct me if i am wrong), threre r about 145k qualified CA's from ICAI and around 120k students, that means a pakistani CA who completes ICAEW qualification has a lot of competitors in the international market....