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ICAP humiliating itself
02-05-2009, 06:27 AM,
 
<blockquote id="quote"><font size="1" face="Verdana, Arial, Helvetica, san" id="quote">quote<hr height="1" noshade id="quote"><i>Originally posted by MasudCA</i>
<br />Dears

I must mention that it may be my final post as I found there are too many misconceptions in Pakistan and amongst Pakistani accountancy students and professional. I am not interested in any kind of debate and its my small effort to show people correct picture. Others have full right to disagree.

After reading posts on this forum it looks ICAP accountants says they are best in place in Pakistan which may or may not be true. Let first consider MOU between ICAEW and ICAP. Firstly I do not think terms of MOU are in favour of ICAP. I understand that ICAP signed this MOU so that ICAP accountant get global recognition as ICAP currently is not recognised outside Pakistan.

The main point is why ICAEW did not give much to ICAP. There could be three reasons. Firstly everyone knows that ICAP does not develop any of accounting standard(ICAP just developed one accounting on Islamic banking, I do not know if it is being used). On other hand Indian Institute does develop its own standard. Secondly ICAP just follow IASs almost 100%, which is not even IFAC requirements. Local institutes or bodies are allowed to make necessary changes in IASs so that they do not conflict with local laws. ICAP does not do it.

Thirdly ICAP policies are not based on any principle (sorry to say) as far as recognition of other qualifications are concerned, for example ACCA which is itself very big. ICAP first recognised ACCA qualification almost fully but after some years ICAP delist ACCA. All these things make ICAP case very weak when ICAP negotiate MRA or MOU with other institutes.

I think ICAP missed golden opportunity to get global recognition, in fact worked in opposite direction and made its own people against it. ICAP should have developed strategic alliance with ACCA in this way ICAP would get global recognition, would have increased its membership and would be in better position to negotiate MOU and MRA with other institutes.

See what Institute of Charted Accountant of Belize did, it has MRA with ACCA which make ACCA fully recognised Belize and ICAB members recognised all over world. Remember India and Belize economies are known as rising economies are much better than Pakistan (we should accept this).

If ICAP with have developed strategic alliance with ACCA then ICAP would not need ICAEW. But I am not sure if ACCA would be happy to sign strategic alliance with ICAP as ACCA members are very difficult to please nowadays because they are getting recognition in every country of the world for example Swaziland, Turkey etc.

ICAP accountants should know that at the end of day ICAEW and ACCA are same and both will help each other when time comes for ICAEW to choose ACCA or ICAP and for ACCA to choose ICAEW or ICAP. So ICAP needs to be careful other same thing will happen to ICAP what happen in Singapore and Malaysia.

Best Wishes
<hr height="1" noshade id="quote"></font id="quote"></blockquote id="quote">

Are you referring to the central American country - Belize

and are you joking, comparing Pakistan with Belize?
http//en.wikipedia.org/wiki/Belize

You need to know the Pakistani accountancy and finance set up before you make all these conclusions. The standards Indians use are nothing more than a rehash of IFRS/IAS and that too several years behind.
Reply


Messages In This Thread
ICAP humiliating itself - by mroneflower - 12-19-2008, 03:15 AM
[No subject] - by Shahbaz - 12-19-2008, 12:48 PM
[No subject] - by unseendemon - 12-19-2008, 11:49 PM
[No subject] - by kamranACA - 12-20-2008, 12:23 AM
[No subject] - by ali_boy9 - 12-20-2008, 08:28 AM
[No subject] - by mroneflower - 12-20-2008, 01:12 PM
[No subject] - by mhmirza - 12-20-2008, 05:21 PM
[No subject] - by kamranACA - 12-20-2008, 06:09 PM
[No subject] - by kamranACA - 12-20-2008, 07:04 PM
[No subject] - by ali_boy9 - 12-20-2008, 07:55 PM
[No subject] - by mroneflower - 12-22-2008, 01:29 AM
[No subject] - by kamranACA - 12-22-2008, 05:54 PM
[No subject] - by mroneflower - 12-23-2008, 12:45 AM
[No subject] - by mhmirza - 12-23-2008, 07:04 PM
[No subject] - by kamranACA - 12-23-2008, 10:26 PM
[No subject] - by mroneflower - 12-24-2008, 08:58 AM
[No subject] - by kamranACA - 12-24-2008, 06:29 PM
[No subject] - by mhmirza - 12-24-2008, 06:29 PM
[No subject] - by kamranACA - 12-24-2008, 06:57 PM
[No subject] - by ali_boy9 - 12-24-2008, 10:44 PM
[No subject] - by mroneflower - 12-25-2008, 02:45 AM
[No subject] - by mroneflower - 12-25-2008, 09:39 AM
[No subject] - by unseendemon - 12-25-2008, 07:58 PM
[No subject] - by Pracs - 12-25-2008, 10:01 PM
[No subject] - by mroneflower - 12-25-2008, 10:43 PM
[No subject] - by mroneflower - 12-26-2008, 01:13 PM
[No subject] - by kamranACA - 12-26-2008, 04:07 PM
[No subject] - by mroneflower - 12-27-2008, 09:25 AM
[No subject] - by mroneflower - 12-28-2008, 04:01 PM
[No subject] - by kamranACA - 12-28-2008, 06:39 PM
[No subject] - by kamranACA - 12-28-2008, 06:42 PM
[No subject] - by mroneflower - 12-28-2008, 08:19 PM
[No subject] - by unseendemon - 12-29-2008, 01:43 AM
[No subject] - by Pracs - 12-29-2008, 05:42 AM
[No subject] - by kamranACA - 12-29-2008, 06:08 AM
[No subject] - by mhmirza - 12-29-2008, 04:04 PM
[No subject] - by mhmirza - 12-29-2008, 04:09 PM
[No subject] - by kamranACA - 12-29-2008, 04:50 PM
[No subject] - by mroneflower - 12-29-2008, 06:02 PM
[No subject] - by kamranACA - 12-29-2008, 06:17 PM
[No subject] - by nakaiun - 12-29-2008, 06:27 PM
[No subject] - by mroneflower - 12-29-2008, 06:52 PM
[No subject] - by nakaiun - 12-29-2008, 06:57 PM
[No subject] - by kamranACA - 12-29-2008, 07:12 PM
[No subject] - by ali_boy9 - 12-29-2008, 09:38 PM
[No subject] - by ali_boy9 - 12-29-2008, 09:43 PM
[No subject] - by kamranACA - 12-29-2008, 10:35 PM
[No subject] - by unseendemon - 12-30-2008, 12:06 AM
[No subject] - by usmansss - 12-30-2008, 03:34 AM
[No subject] - by ali_boy9 - 12-30-2008, 05:25 AM
[No subject] - by mroneflower - 12-30-2008, 04:08 PM
[No subject] - by nakaiun - 12-30-2008, 04:19 PM
[No subject] - by kamranACA - 12-30-2008, 05:18 PM
[No subject] - by kamranACA - 12-30-2008, 05:24 PM
[No subject] - by mroneflower - 12-30-2008, 06:31 PM
[No subject] - by kamranACA - 12-30-2008, 07:16 PM
[No subject] - by mroneflower - 12-30-2008, 09:07 PM
[No subject] - by kamranACA - 12-31-2008, 04:06 PM
[No subject] - by mroneflower - 12-31-2008, 09:51 PM
[No subject] - by mroneflower - 01-01-2009, 03:14 PM
[No subject] - by mhmirza - 01-01-2009, 04:27 PM
[No subject] - by kamranACA - 01-01-2009, 04:35 PM
[No subject] - by mroneflower - 01-01-2009, 05:46 PM
[No subject] - by mroneflower - 01-02-2009, 03:13 AM
[No subject] - by mroneflower - 01-02-2009, 04:39 AM
[No subject] - by kamranACA - 01-02-2009, 04:24 PM
[No subject] - by Shahbaz - 01-03-2009, 04:25 AM
[No subject] - by mroneflower - 01-03-2009, 05:33 AM
[No subject] - by dreamsunlimited - 01-03-2009, 07:51 PM
[No subject] - by mroneflower - 01-03-2009, 09:42 PM
[No subject] - by faizee - 01-04-2009, 08:32 PM
[No subject] - by kamranACA - 01-04-2009, 09:16 PM
[No subject] - by mroneflower - 01-04-2009, 10:30 PM
[No subject] - by kamranACA - 01-04-2009, 10:59 PM
[No subject] - by mroneflower - 01-04-2009, 11:19 PM
[No subject] - by kamranACA - 01-04-2009, 11:48 PM
[No subject] - by kamranACA - 01-04-2009, 11:56 PM
[No subject] - by mroneflower - 01-05-2009, 12:03 AM
[No subject] - by dreamsunlimited - 01-05-2009, 05:12 AM
[No subject] - by khani - 01-05-2009, 11:46 AM
[No subject] - by mroneflower - 01-05-2009, 01:57 PM
[No subject] - by mroneflower - 01-05-2009, 02:35 PM
[No subject] - by kamranACA - 01-05-2009, 05:36 PM
[No subject] - by mroneflower - 01-05-2009, 06:00 PM
[No subject] - by rabia-k - 01-05-2009, 06:45 PM
[No subject] - by rabia-k - 01-05-2009, 06:59 PM
[No subject] - by mroneflower - 01-05-2009, 07:14 PM
[No subject] - by Shahbaz - 01-06-2009, 12:10 AM
[No subject] - by mroneflower - 01-06-2009, 02:27 AM
[No subject] - by mroneflower - 01-06-2009, 06:29 AM
[No subject] - by Pracs - 01-06-2009, 08:09 AM
[No subject] - by Pracs - 01-06-2009, 08:14 AM
[No subject] - by rabia-k - 01-06-2009, 06:42 PM
[No subject] - by mroneflower - 01-07-2009, 08:09 AM
[No subject] - by rabia-k - 01-07-2009, 11:41 PM
[No subject] - by mroneflower - 01-08-2009, 03:05 AM
[No subject] - by rabia-k - 01-08-2009, 04:14 PM
[No subject] - by mroneflower - 01-09-2009, 07:13 PM
[No subject] - by rabia-k - 01-10-2009, 09:25 PM
[No subject] - by mroneflower - 01-11-2009, 01:27 AM
[No subject] - by rabia-k - 01-11-2009, 03:34 AM
[No subject] - by rabia-k - 01-11-2009, 03:55 AM
[No subject] - by mroneflower - 01-11-2009, 08:44 AM
[No subject] - by Toronto_Boy - 01-12-2009, 06:00 PM
[No subject] - by kamranACA - 01-12-2009, 11:39 PM
[No subject] - by Schuaeb - 01-12-2009, 11:52 PM
[No subject] - by rabia-k - 01-13-2009, 01:50 AM
[No subject] - by mroneflower - 01-13-2009, 05:33 AM
[No subject] - by mroneflower - 01-13-2009, 06:09 AM
[No subject] - by Ali_87 - 01-13-2009, 05:08 PM
[No subject] - by kamranACA - 01-13-2009, 05:24 PM
[No subject] - by rabia-k - 01-13-2009, 08:31 PM
[No subject] - by mroneflower - 01-13-2009, 10:30 PM
[No subject] - by rabia-k - 01-13-2009, 10:54 PM
[No subject] - by mroneflower - 01-14-2009, 11:30 AM
[No subject] - by rabia-k - 01-14-2009, 04:33 PM
[No subject] - by kamranACA - 01-14-2009, 04:34 PM
[No subject] - by rabia-k - 01-14-2009, 04:46 PM
[No subject] - by mroneflower - 01-14-2009, 10:38 PM
[No subject] - by rabia-k - 01-14-2009, 10:55 PM
[No subject] - by Schuaeb - 01-15-2009, 12:03 AM
[No subject] - by Schuaeb - 01-15-2009, 12:09 AM
[No subject] - by rabia-k - 01-15-2009, 01:22 AM
[No subject] - by sadaf4ahsan - 01-15-2009, 05:34 AM
[No subject] - by Pracs - 01-15-2009, 06:01 AM
[No subject] - by ali_boy9 - 01-15-2009, 07:40 AM
[No subject] - by mroneflower - 01-15-2009, 08:54 AM
[No subject] - by mroneflower - 01-15-2009, 12:55 PM
[No subject] - by rabia-k - 01-15-2009, 04:37 PM
[No subject] - by kamranACA - 01-15-2009, 10:48 PM
[No subject] - by rabia-k - 01-16-2009, 12:50 AM
[No subject] - by rabia-k - 01-16-2009, 12:57 AM
[No subject] - by mroneflower - 01-16-2009, 01:20 AM
[No subject] - by rabia-k - 01-16-2009, 02:41 AM
[No subject] - by mroneflower - 01-16-2009, 02:56 AM
[No subject] - by Pracs - 01-16-2009, 06:14 AM
[No subject] - by Pracs - 01-16-2009, 06:20 AM
[No subject] - by ali_boy9 - 01-16-2009, 06:22 AM
[No subject] - by mroneflower - 01-16-2009, 09:51 AM
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[No subject] - by mroneflower - 01-16-2009, 12:07 PM
[No subject] - by rabia-k - 01-16-2009, 04:40 PM
[No subject] - by ali_boy9 - 01-16-2009, 06:18 PM
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[No subject] - by rabia-k - 01-16-2009, 09:42 PM
[No subject] - by rabia-k - 01-16-2009, 09:46 PM
[No subject] - by mroneflower - 01-16-2009, 10:27 PM
[No subject] - by mroneflower - 01-16-2009, 11:45 PM
[No subject] - by Pracs - 01-17-2009, 07:32 AM
[No subject] - by rabia-k - 01-17-2009, 04:05 PM
[No subject] - by kamranACA - 01-17-2009, 05:06 PM
[No subject] - by mroneflower - 01-17-2009, 09:35 PM
[No subject] - by mroneflower - 01-17-2009, 10:46 PM
[No subject] - by rabia-k - 01-17-2009, 11:26 PM
[No subject] - by ali_boy9 - 01-18-2009, 01:12 AM
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[No subject] - by ali_boy9 - 01-18-2009, 04:23 AM
[No subject] - by mroneflower - 01-18-2009, 09:15 AM
[No subject] - by Shahbaz - 01-18-2009, 11:46 AM
[No subject] - by rabia-k - 01-18-2009, 05:35 PM
[No subject] - by ali_boy9 - 01-18-2009, 07:31 PM
[No subject] - by rabia-k - 01-18-2009, 07:59 PM
[No subject] - by ali_boy9 - 01-18-2009, 09:30 PM
[No subject] - by rabia-k - 01-18-2009, 10:15 PM
[No subject] - by mroneflower - 01-19-2009, 02:10 AM
[No subject] - by Pracs - 01-19-2009, 03:38 AM
[No subject] - by ali_boy9 - 01-19-2009, 04:29 AM
[No subject] - by rabia-k - 01-19-2009, 04:35 PM
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[No subject] - by kamranACA - 01-19-2009, 05:55 PM
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[No subject] - by rabia-k - 01-19-2009, 07:44 PM
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[No subject] - by kamranACA - 01-19-2009, 10:00 PM
[No subject] - by ali_boy9 - 01-19-2009, 10:15 PM
[No subject] - by rabia-k - 01-20-2009, 12:11 AM
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[No subject] - by Pracs - 01-21-2009, 06:39 AM
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[No subject] - by Toronto_Boy - 01-23-2009, 05:54 AM
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[No subject] - by Pracs - 01-23-2009, 07:35 AM
[No subject] - by mroneflower - 01-23-2009, 07:47 AM
[No subject] - by Pracs - 01-23-2009, 07:58 AM
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[No subject] - by rabia-k - 01-26-2009, 12:11 AM
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[No subject] - by rabia-k - 01-27-2009, 06:08 PM
[No subject] - by Schuaeb - 01-30-2009, 01:37 AM
[No subject] - by kamranACA - 01-30-2009, 06:39 PM
[No subject] - by kamranACA - 01-30-2009, 07:30 PM
[No subject] - by Schuaeb - 01-31-2009, 02:33 AM
[No subject] - by Schuaeb - 01-31-2009, 02:46 AM
[No subject] - by mroneflower - 01-31-2009, 05:23 AM
[No subject] - by mroneflower - 01-31-2009, 05:29 AM
[No subject] - by Pracs - 01-31-2009, 07:28 AM
[No subject] - by mroneflower - 01-31-2009, 03:06 PM
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[No subject] - by mroneflower - 01-31-2009, 09:39 PM
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[No subject] - by mroneflower - 02-02-2009, 11:26 PM
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[No subject] - by mroneflower - 02-03-2009, 12:07 AM
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[No subject] - by rabia-k - 02-03-2009, 05:40 PM
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[No subject] - by sumairalam - 02-09-2009, 08:08 PM
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[No subject] - by sumairalam - 02-10-2009, 10:16 PM
[No subject] - by mroneflower - 02-11-2009, 01:57 AM
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[No subject] - by admin - 04-01-2009, 05:59 PM
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[No subject] - by sumairalam - 04-02-2009, 05:34 AM
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[No subject] - by Pracs - 04-02-2009, 07:19 AM
[No subject] - by mroneflower - 04-02-2009, 07:51 AM
[No subject] - by rabia-k - 04-02-2009, 03:15 PM
[No subject] - by sumairalam - 04-02-2009, 04:40 PM
[No subject] - by rabia-k - 04-02-2009, 07:20 PM
[No subject] - by rabia-k - 04-02-2009, 07:29 PM
[No subject] - by kamranACA - 04-02-2009, 11:43 PM
[No subject] - by rabia-k - 04-02-2009, 11:53 PM
[No subject] - by Toronto_Boy - 04-03-2009, 01:46 AM
[No subject] - by kamranACA - 04-03-2009, 02:04 AM
[No subject] - by Toronto_Boy - 04-03-2009, 03:10 AM
[No subject] - by mroneflower - 04-03-2009, 04:00 AM
[No subject] - by mroneflower - 04-03-2009, 04:22 AM
[No subject] - by mroneflower - 04-03-2009, 04:49 AM
[No subject] - by mroneflower - 04-03-2009, 04:52 AM
[No subject] - by rabia-k - 04-03-2009, 05:08 AM
[No subject] - by kamranACA - 04-03-2009, 10:35 PM
[No subject] - by kamranACA - 04-03-2009, 11:00 PM

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