09-17-2011, 08:52 AM
@shahidacca,
yaar bhai i have read your comments again and the fact is that you really started out of no where against ICAP and everything. Just make a list of countries where accountancy profession is regularized. Like USA, Aus, Canada Europe and everywhere. In every jurisdiction where accountancy is regularized, the local body always had the edge. Of course other outside qualification make their mark but the local body remains dominant.
Just tell me why are you not upset about ACCAs recognition in Canada or USA or Aus? You wont be given any more respect there either until you gain the local qualification. Yes you may still get jobs but the priority of the local market would remain. Why so worried about Pakistan? Just because you belong here. Well as i have been telling everyone. If you want to be king in Pak then go for the National qualification.
If you don't want discrimination then, just go to the UK. At least there you are CHARTERED and even then you don't make a good career, you will have more excuses.
This is my sincere suggestion to every foreign qualification student here. Do it on your own. If you want local support go for local qualification. Local body is not obliged to support us. The local chapter of your body is. ACCA pak chapter is doing well. I do receive job postings in my mail regularly. We all should be happy that foreign qualifications are also making its mark in Pakistan instead of complaining that they are not considered equal to the local qualification. I also believe that no foreign qualification will ever gain footing equal to ICAP in Pakistan. Because for that to happen the body would need to be chartered by the government for public accounting and statutory audit. This is simply not happening.
You have the right to criticize policies of any body. I am also critical of ICAP exams and the pressure it exerts on the BIG4 trainee placements to which i have been a first hand witness. May be we all are. ACCAs still get trained in BIG4s don't they. May be less than ICAP. Whining wont take us anywhere my friend.
Here is the ICAP president directly talking about the same issues that have been discussed on every Pakistan accountancy forum. You have all the right to agree or disagree.
http//tribune.com.pk/story/251827/we-dont-support-an-artificial-shortage-of-accountants-icap-president/
@KamranACA
ICAEW might never be the prime qualification of UK. ACCAs are chartered to sign audit reports and practice public accounting in the UK. THE DIFFERENCE is simply not there. They are like 2 national accountancy bodies of UK now. I will be correct in saying that ACCA is the local accountancy qualification of UK along with ICAEW. ACCA members ARE the Chartered Accountant of UK.
There are several other jurisdictions where more than one accountancy body operates side by side. I am not sure if Canada is another such country with CGA and CICA. Also there are other local bodies that offer examinations to international students. US CPA is offering exams in Dubai now. ACCA is a mix of local and international body. Though it prefers the international part more. We could say US CPA is also an international as well as local qualification. That is more because of the status of the USA though.
It is annoying to see my Pakistani ACCA peers whining. Can't do much about it. Hope everyone understand the facts and realities. I would still recommend you to stay at your level. I am sure you worked hard to be where you are today.
yaar bhai i have read your comments again and the fact is that you really started out of no where against ICAP and everything. Just make a list of countries where accountancy profession is regularized. Like USA, Aus, Canada Europe and everywhere. In every jurisdiction where accountancy is regularized, the local body always had the edge. Of course other outside qualification make their mark but the local body remains dominant.
Just tell me why are you not upset about ACCAs recognition in Canada or USA or Aus? You wont be given any more respect there either until you gain the local qualification. Yes you may still get jobs but the priority of the local market would remain. Why so worried about Pakistan? Just because you belong here. Well as i have been telling everyone. If you want to be king in Pak then go for the National qualification.
If you don't want discrimination then, just go to the UK. At least there you are CHARTERED and even then you don't make a good career, you will have more excuses.
This is my sincere suggestion to every foreign qualification student here. Do it on your own. If you want local support go for local qualification. Local body is not obliged to support us. The local chapter of your body is. ACCA pak chapter is doing well. I do receive job postings in my mail regularly. We all should be happy that foreign qualifications are also making its mark in Pakistan instead of complaining that they are not considered equal to the local qualification. I also believe that no foreign qualification will ever gain footing equal to ICAP in Pakistan. Because for that to happen the body would need to be chartered by the government for public accounting and statutory audit. This is simply not happening.
You have the right to criticize policies of any body. I am also critical of ICAP exams and the pressure it exerts on the BIG4 trainee placements to which i have been a first hand witness. May be we all are. ACCAs still get trained in BIG4s don't they. May be less than ICAP. Whining wont take us anywhere my friend.
Here is the ICAP president directly talking about the same issues that have been discussed on every Pakistan accountancy forum. You have all the right to agree or disagree.
http//tribune.com.pk/story/251827/we-dont-support-an-artificial-shortage-of-accountants-icap-president/
@KamranACA
ICAEW might never be the prime qualification of UK. ACCAs are chartered to sign audit reports and practice public accounting in the UK. THE DIFFERENCE is simply not there. They are like 2 national accountancy bodies of UK now. I will be correct in saying that ACCA is the local accountancy qualification of UK along with ICAEW. ACCA members ARE the Chartered Accountant of UK.
There are several other jurisdictions where more than one accountancy body operates side by side. I am not sure if Canada is another such country with CGA and CICA. Also there are other local bodies that offer examinations to international students. US CPA is offering exams in Dubai now. ACCA is a mix of local and international body. Though it prefers the international part more. We could say US CPA is also an international as well as local qualification. That is more because of the status of the USA though.
It is annoying to see my Pakistani ACCA peers whining. Can't do much about it. Hope everyone understand the facts and realities. I would still recommend you to stay at your level. I am sure you worked hard to be where you are today.
