01-31-2009, 02:46 AM
Handy info as regards MOU with ICAEW. Your source of information is credible and no one seems to provide anything contradicting information. Provided if the information is correct, what is the worth of the time and efforts wasted by some people on comparison of the MOUs with ICAEW (ICAP and ICAI). And on the basis of this flawed and incomplete information huge conclusion have been claimed to be drawn. Even if this was not the case, I don't reckon comparing ICAP and ICAI on the basis of this memorandum justified. India is much a bigger market and is in a very better position to have favourable bargains on such matters. ICAI being an Indian institute do have got that advantage as well whereas situation is totally different for us. Conclusions about the supremacy of ICAI over ICAP should never be drawn on international recognition as that is primarily dependent upon other issues than the quality of professionals produced by an institute. To the extent of the information available ICAP is a tougher degree than ICAI to qualify and has got more worth and reputation in the local market.