05-21-2006, 09:20 PM
Hanif, I read the following para
http//www.icap.org.pk/Examination/EXMP_CAnew.htm#icaew
<b>The Institute of Chartered Accountants in England & Wales (ICAEW)
<u>Eligibility Criteria</u>
Successful completion of examinations and training prescribed by the Institute of Chartered Accountants in England & Wales
<u>Exemption </u>
Such candidates will be treated as equivalent to the examinations and training prescribed under the Chartered Accountants Bye-laws 1983 for the purpose of membership of the Institute of Chartered Accountants of Pakistan.
Provided that if such members desire to start practice as Chartered Accountants they will have to pass the papers of Advanced Taxation and Corporate Laws of the Final Examinations of ICAP</b>
Well comparing this with the old one, I guess they have just upped on the wording. The old policy also did mention about the exams as well and the training bit also.
I think ICAP may continue to award exemptions based more on the fact of training under its laws, and that is something that sort of pushes of any member through the CCAB. I guess we won't know the exact result until a CCAB ICAEW member applies for exemptions.
I know quite a lot of ICAEW CA who work in the industry in Pakistan and have never bothered to get reciprocal membership from ICAP, its only members who join practice (partner track) who actually go ahead to get the ICAP membership. The industry was very much happy with the fact that a person is an ICAEW accountant, I am not sure if the same will continue now.
http//www.icap.org.pk/Examination/EXMP_CAnew.htm#icaew
<b>The Institute of Chartered Accountants in England & Wales (ICAEW)
<u>Eligibility Criteria</u>
Successful completion of examinations and training prescribed by the Institute of Chartered Accountants in England & Wales
<u>Exemption </u>
Such candidates will be treated as equivalent to the examinations and training prescribed under the Chartered Accountants Bye-laws 1983 for the purpose of membership of the Institute of Chartered Accountants of Pakistan.
Provided that if such members desire to start practice as Chartered Accountants they will have to pass the papers of Advanced Taxation and Corporate Laws of the Final Examinations of ICAP</b>
Well comparing this with the old one, I guess they have just upped on the wording. The old policy also did mention about the exams as well and the training bit also.
I think ICAP may continue to award exemptions based more on the fact of training under its laws, and that is something that sort of pushes of any member through the CCAB. I guess we won't know the exact result until a CCAB ICAEW member applies for exemptions.
I know quite a lot of ICAEW CA who work in the industry in Pakistan and have never bothered to get reciprocal membership from ICAP, its only members who join practice (partner track) who actually go ahead to get the ICAP membership. The industry was very much happy with the fact that a person is an ICAEW accountant, I am not sure if the same will continue now.