10-09-2010, 01:22 AM
Dear Noman
I agree with you. We should not expect things to happen quickly in Pakistan. Take Competition law as an example. CCP faced unnecessary long delays to get a permanent legal backing.
But ICAP is a highly esteemed Institute with international affiliation. It is not a Government department or ministry run by a corrupt politician. It should be highly efficient and totally communicative.
The upcoming education and examination reforms are a project of ICAP just like new accounting standards and improvements/amendments are the projects of IASB.
Just like IASB, ICAP received inputs from its members and hold various sessions not only in Pakistan but also abroad.
After long deliberations the reforms got their approval from ICAP Council.
But a lot of things are missing in the whole scenario.
IASB has a proper work plan of their upcoming projects which is continuously updated and regularly communicated even via e-mail alerts. For example, everyone knows there will be a new IFRS on consolidation. The story does not end here. The new IFRS will be published in the 4th quarter of 2010 (IASB does not use the words "soon" and "shortly") with the implementation date well after it. Anyone interested in the new IFRS can get the details by visiting their website.
http//www.ifrs.org/Current+Projects/IASB+Projects/IASB+Work+Plan.htm
On the other hand, ICAP just used the words "new reforms", "soon" and "shortly". The students are the interested parties and major stakeholders of ICAP. They should know what the new reforms are all about. Industrial training is a huge thing. There was President's Communication about its introduction. But there is no Communication about its withdrawal as future plan. Students sent e-mails to get confirmation. This is not a good project management on part of ICAP and this is what makes me disappointed.
ICAP is really a top professional organisation in Pakistan. But there is always a room for improvements.
For example, ICAP newsletters are totally descriptive and contain useful information. I don't think there is any University or organisation in Pakistan with such monthly newsletters. But they should contain information regarding new developments in CA program so that others become able to make informed decisions. ICAP should give a proper time frame at least for announcement rather than using words like "soon".
I regret for harsh wordings in the other post, after all you are my senior.
Regards
I agree with you. We should not expect things to happen quickly in Pakistan. Take Competition law as an example. CCP faced unnecessary long delays to get a permanent legal backing.
But ICAP is a highly esteemed Institute with international affiliation. It is not a Government department or ministry run by a corrupt politician. It should be highly efficient and totally communicative.
The upcoming education and examination reforms are a project of ICAP just like new accounting standards and improvements/amendments are the projects of IASB.
Just like IASB, ICAP received inputs from its members and hold various sessions not only in Pakistan but also abroad.
After long deliberations the reforms got their approval from ICAP Council.
But a lot of things are missing in the whole scenario.
IASB has a proper work plan of their upcoming projects which is continuously updated and regularly communicated even via e-mail alerts. For example, everyone knows there will be a new IFRS on consolidation. The story does not end here. The new IFRS will be published in the 4th quarter of 2010 (IASB does not use the words "soon" and "shortly") with the implementation date well after it. Anyone interested in the new IFRS can get the details by visiting their website.
http//www.ifrs.org/Current+Projects/IASB+Projects/IASB+Work+Plan.htm
On the other hand, ICAP just used the words "new reforms", "soon" and "shortly". The students are the interested parties and major stakeholders of ICAP. They should know what the new reforms are all about. Industrial training is a huge thing. There was President's Communication about its introduction. But there is no Communication about its withdrawal as future plan. Students sent e-mails to get confirmation. This is not a good project management on part of ICAP and this is what makes me disappointed.
ICAP is really a top professional organisation in Pakistan. But there is always a room for improvements.
For example, ICAP newsletters are totally descriptive and contain useful information. I don't think there is any University or organisation in Pakistan with such monthly newsletters. But they should contain information regarding new developments in CA program so that others become able to make informed decisions. ICAP should give a proper time frame at least for announcement rather than using words like "soon".
I regret for harsh wordings in the other post, after all you are my senior.
Regards