01-11-2009, 08:44 AM
Firstly I will say that we should not say anything to those who say ACCA STR being signed by ANY TOM, DICK AND HARRY and ACCA auditing beauty saloon as these people are misguided by ICAP members or ICAP members do not know anthing about rest of world accountancy profession, whoes know.
Actually we should analysis what has happened to ACCA in Pakistan. ICAP and its members started negative propaganda against ACCA when ACCA just launched itself in Pakistan and when there was no ACCA members and affiliciate in Pakistan. Therefore students started listening to ICAP and its members. For almost 8 yrs there was no one is Pakistan who could educate people in Pakistan and explain what actually ACCA is.
ICAP people are still doing this. I know a person who has been in UK for 2 weeks and came here to study ACCA. This person told me that ACCA is certified accountant and is not Chartered body. When I asked him who told him so, he answered ICAP people. I think ICAP people do not know what ACCA stands for, ACCA standard for Association of Chartered Certified Accountant, so Chartered is part of ACCA name. Moreover Privy Council has allowed ACCA members to refer themselves as Chartered Accountant. It means if ACCA member calls himself Chartered Accountant in UK no one can sue him, remember title Chartered Accountant is protected in UK law. Outside UK ICAEW members will call themselves Chartered Accountant(Eng & Wales) where ACCA members can call themselves Chartered Accountant (UK). Despite this permission from privy council ACCA recommend its member to call themselves Chartered Certified Accountant to distinguish themselves from other bodies. I think I should explain to ICAP members history of word CHARTERED, as it seems they do not know origin of this word.
I also heard ICAP people saying ACCA is just an Association and not a major Chartered body. Word Association is protected by Law is UK and only those organisation can use it who have permission. Secondly by using word major Chartered body, one could think there must be non-major chartered bodies. I do not know difference between major and non-major chartered bodies, if anyone knows please do tell me. Actually the term non-major Chartered body does not exist anywhere in the world, this term is developed by ICAP members.
ICAP members are now facing problems in carrying out negative propaganda against ACCA as there are 700ACCA members and 1,100 affiliciate in Pakistan, that is why they have started using words Pakistani CA and patriotism. Actually ICAP people are trying to back mail others by using word patriotism. When there will be more qualified ACCA in Pakistani market ICAP will be in big trouble as ICAP members are habitual of carrying out negative propaganda when no one can oppose them (Remember ICAEW will be in Pakistani market soon).I have been told in 2003 it was difficult for ACCA affiliciate to get job in Pakistan cause there was very few ACCA in Market and because of ICAP and its members negative propaganda against ACCA. Now in every news papers especially English newspapers employer advertise jobs for ACCA.
In this modern world only those institutes will survive who will increase its membership while not compromising on quality and ACCA has been working on it. I do not know why ICAP does not realise legal backing cannot help it for long time in modern world. ICAP people actually do not trust their own qualification as they are going qualification after qualification.
I have already mentioned it and again mentioning it that ACCA launch itself in 1995 and by 2008 i.e after 13yrs in Pakistan ACCA has only 700 members and 1,100 affiliciate in Pakistan. I donât know in presence of above figures how ICAP people can say ACCA is easy qualification.
As far as CPA(USA) is concerned it is quite right that one need 4 yrs accounting accredited degree to register with CPA(USA) otherwise student cannot register with CPA(USA). Moreover CPA exams has to be passed within 18 months. If student cannot pass CPA(USA) exams in 18 months then person need to start again (I hope I am giving correct information). But the problem with ICAP is it does not give any weight to bachelors degree. God helps ICAP.
By the way ICAEW (ICAP yardstick) is struggling to get recognition in America and have MRA with CPA(USA).
Khalid
Actually we should analysis what has happened to ACCA in Pakistan. ICAP and its members started negative propaganda against ACCA when ACCA just launched itself in Pakistan and when there was no ACCA members and affiliciate in Pakistan. Therefore students started listening to ICAP and its members. For almost 8 yrs there was no one is Pakistan who could educate people in Pakistan and explain what actually ACCA is.
ICAP people are still doing this. I know a person who has been in UK for 2 weeks and came here to study ACCA. This person told me that ACCA is certified accountant and is not Chartered body. When I asked him who told him so, he answered ICAP people. I think ICAP people do not know what ACCA stands for, ACCA standard for Association of Chartered Certified Accountant, so Chartered is part of ACCA name. Moreover Privy Council has allowed ACCA members to refer themselves as Chartered Accountant. It means if ACCA member calls himself Chartered Accountant in UK no one can sue him, remember title Chartered Accountant is protected in UK law. Outside UK ICAEW members will call themselves Chartered Accountant(Eng & Wales) where ACCA members can call themselves Chartered Accountant (UK). Despite this permission from privy council ACCA recommend its member to call themselves Chartered Certified Accountant to distinguish themselves from other bodies. I think I should explain to ICAP members history of word CHARTERED, as it seems they do not know origin of this word.
I also heard ICAP people saying ACCA is just an Association and not a major Chartered body. Word Association is protected by Law is UK and only those organisation can use it who have permission. Secondly by using word major Chartered body, one could think there must be non-major chartered bodies. I do not know difference between major and non-major chartered bodies, if anyone knows please do tell me. Actually the term non-major Chartered body does not exist anywhere in the world, this term is developed by ICAP members.
ICAP members are now facing problems in carrying out negative propaganda against ACCA as there are 700ACCA members and 1,100 affiliciate in Pakistan, that is why they have started using words Pakistani CA and patriotism. Actually ICAP people are trying to back mail others by using word patriotism. When there will be more qualified ACCA in Pakistani market ICAP will be in big trouble as ICAP members are habitual of carrying out negative propaganda when no one can oppose them (Remember ICAEW will be in Pakistani market soon).I have been told in 2003 it was difficult for ACCA affiliciate to get job in Pakistan cause there was very few ACCA in Market and because of ICAP and its members negative propaganda against ACCA. Now in every news papers especially English newspapers employer advertise jobs for ACCA.
In this modern world only those institutes will survive who will increase its membership while not compromising on quality and ACCA has been working on it. I do not know why ICAP does not realise legal backing cannot help it for long time in modern world. ICAP people actually do not trust their own qualification as they are going qualification after qualification.
I have already mentioned it and again mentioning it that ACCA launch itself in 1995 and by 2008 i.e after 13yrs in Pakistan ACCA has only 700 members and 1,100 affiliciate in Pakistan. I donât know in presence of above figures how ICAP people can say ACCA is easy qualification.
As far as CPA(USA) is concerned it is quite right that one need 4 yrs accounting accredited degree to register with CPA(USA) otherwise student cannot register with CPA(USA). Moreover CPA exams has to be passed within 18 months. If student cannot pass CPA(USA) exams in 18 months then person need to start again (I hope I am giving correct information). But the problem with ICAP is it does not give any weight to bachelors degree. God helps ICAP.
By the way ICAEW (ICAP yardstick) is struggling to get recognition in America and have MRA with CPA(USA).
Khalid