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ICAP humiliating itself
12-19-2008, 03:15 AM,
#1
ICAP humiliating itself
Readers will be aware that ICAP has signed MOU with ICAEW whereby ICAEW will train ICAP members to gain ICAEW qualification.

According to this MOU ICAP members (who already have 3 to 5 years of experience in terms of articleship) will have to go through further training of 2 years in CA firm which are authorised to train ICAEW students in Pakistan. Moreover in addition to 2 yrs training, ICAP members have to pass ICAEW 3 to 4 papers. Please bear in mind that ICAEW has two stages i.e Professional stage and Advance stage. Advance stage consists of 3 papers and professional stage consists of 12 papers.

AS I mentioned that some ICAP members have to pass 4 papers of ICAEW (i.e all 3 papers of ICAEW Advance stage and 1 paper of ICAEW Professional stage) in addition to 2 years training. It means ICAEW does not even think that ICAP qualification is equvilant of its professional stage.

By visiting ICAEW web site I found that Emile Woolf Pakistan (www.ewpakistan.com) is offering coaching for these 4 papers of ICAEW to ICAP members in Lahore and Karachi. If people will visit this web site they will find that Mr Muhammad Maqbool is Cheif Exective of Emile Woolf Pakistan. Mr Muhammad Maqbool was president of ICAP in 1995 and when he was president all ICAP council members were ICAEW members. Its clearly mean that this person wants to distinguish himself and so protecting ICAEW while being Pakistani.

Now I need to mention what happened to ICAEW and ACCA (I am ACCA member) in India. ICAEW and ACCA did the same thing in India i.e they did register some accountancy firms in India so that these firms can train students. Parliament of India has passed law (as ICAI convinced parliament) that no foreign institute including ICAEW and ACCA can register any Indian accountancy firm in Indian nor these foreign institutes can promote themselves in India. After Indian Parliament passed this law ICAI went to supreme court of India and court decided that no foreign institute can promote itself in India.

Last years in an education fair in India ACCA and ICAEW were promoting themselves in Delhi and police came. As a result ICAEW and ACCA had to stop their promotion.

I have not understood why ICAP has signed this kind of MOU with ICAEW which makes ICAEW superior qualification even in Pakistan and its look that ICAP members are afraid of ICAEW. I meant to say that ICAP members with 3 to 5 yrs of experience have to pass 4 papers of ICAEW and go through further 2 years of training in Pakistan to become ICAEW members.

What message ICAP has given to its members and world by signing this MOU that ICAP and its members are not capable of competing with ICAEW even in Pakistan, Its SHAME.

ICAP did the same thing in ACCA case. When ACCA was first introduced in 1995 in Pakistan. ICAP gave exemption of 13 papers out of 16 papers to ACCA Affiliate (please note that I used word ACCA Affiliate and not ACCA members secondly ICAP had total of 16 papers in 1995). When ICAP saw that ACCA is capturing Pakistani Market ICAP reduced exemption to ACCA Affiliate.

So what its mean ICAP just makes policies without collecting any information. When ICAP council has this standard then we can imagine what will be standard of ICAP members. By making such stupid policies in rush ICAP is giving message to world that ICAP members (Please bear in mind ICAP council consists of ICAP members) do not have quality and if someone employs ICAP members then ICAP members will take important decisions in the same way as ICAP council does i.e without collecting relevant information and without forecasting future impact of decisions.

ACCA and ICAEW

ACCA members are allowed to conduct Audit of plc, Investment business, Insolvency work and tax consultancy in 80 countries of the world including Whole of Europrean Union, Canada, Australia, New Zealand, South Africa, Singapore and many many countries of the world.

Furthermore ACCA Affiliate (again not ACCA members) are required to pass ICAEW 3 papers (not 4 as the case with ICAP members) with three years of training (work experience). It means ACCA Affiliate can use 3 years experience to gain membership of two bodies i.e ACCA and ICAEW.

On the other hand students need 3 to 5 yrs experience to become ICAP member and then further 2 yrs experience to become ICAEW member. Means ICAP people need total of 5 to 7 yrs experience to become ICAEW member where in ACCA case the required experience is three yrs.

Moreover ACCA members with 5 yrs experience can apply for ICAEW membership through CCAB route without giving and passing any exams.

NOTE I do not recommend any of ACCA Affiliate to go for ICAEW as it is waste of time and money. Moreover ICAEW will not add anything to your CV.

At the End

Purpose of my article is not to humiliate ICAP as ICAP is doing it by itself, nor I want to prove that ACCA is better than ICAP. If ICAP members and students think that ICAP is better than ACCA, please continue to do so.

I just want to say that ICAP members should think carefully what kind of policies are being made by ICAP and that ICAP makes policies without collecting relevant information.

Kind Regards

Khalid, ACCA
London
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
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[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, 10:27 PM
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[No subject] - by Pracs - 01-17-2009, 07:32 AM
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[No subject] - by mroneflower - 01-18-2009, 09:15 AM
[No subject] - by Shahbaz - 01-18-2009, 11:46 AM
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[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 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
[No subject] - by mroneflower - 01-20-2009, 02:24 AM
[No subject] - by Pracs - 01-20-2009, 07:46 AM
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[No subject] - by Pracs - 01-20-2009, 08:31 AM
[No subject] - by rabia-k - 01-20-2009, 04:03 PM
[No subject] - by kamranACA - 01-20-2009, 06:19 PM
[No subject] - by rabia-k - 01-20-2009, 10:31 PM
[No subject] - by SAIFEE - 01-21-2009, 04:52 AM
[No subject] - by Toronto_Boy - 01-21-2009, 05:32 AM
[No subject] - by Pracs - 01-21-2009, 06:39 AM
[No subject] - by mroneflower - 01-21-2009, 09:44 AM
[No subject] - by mroneflower - 01-21-2009, 09:48 AM
[No subject] - by Toronto_Boy - 01-21-2009, 01:02 PM
[No subject] - by mroneflower - 01-21-2009, 01:28 PM
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[No subject] - by rabia-k - 01-21-2009, 06:42 PM
[No subject] - by kamranACA - 01-21-2009, 07:53 PM
[No subject] - by ali_boy9 - 01-21-2009, 10:32 PM
[No subject] - by mroneflower - 01-22-2009, 01:32 AM
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[No subject] - by mroneflower - 01-22-2009, 02:28 AM
[No subject] - by rabia-k - 01-22-2009, 02:43 AM
[No subject] - by mroneflower - 01-22-2009, 03:12 AM
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[No subject] - by ali_boy9 - 01-22-2009, 05:07 AM
[No subject] - by Toronto_Boy - 01-22-2009, 05:20 AM
[No subject] - by mroneflower - 01-22-2009, 07:49 AM
[No subject] - by Toronto_Boy - 01-22-2009, 08:32 AM
[No subject] - by mroneflower - 01-22-2009, 09:41 AM
[No subject] - by Toronto_Boy - 01-22-2009, 12:10 PM
[No subject] - by kamranACA - 01-22-2009, 05:15 PM
[No subject] - by mroneflower - 01-22-2009, 05:47 PM
[No subject] - by rabia-k - 01-22-2009, 07:10 PM
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[No subject] - by mroneflower - 01-22-2009, 07:33 PM
[No subject] - by kamranACA - 01-22-2009, 07:51 PM
[No subject] - by SAIFEE - 01-22-2009, 07:52 PM
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[No subject] - by mroneflower - 01-23-2009, 04:18 AM
[No subject] - by Toronto_Boy - 01-23-2009, 05:54 AM
[No subject] - by mroneflower - 01-23-2009, 05:58 AM
[No subject] - by Toronto_Boy - 01-23-2009, 06:20 AM
[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 mroneflower - 01-23-2009, 08:14 AM
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[No subject] - by Pracs - 01-25-2009, 11:31 PM
[No subject] - by rabia-k - 01-26-2009, 12:11 AM
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[No subject] - by kamranACA - 01-26-2009, 05:48 PM
[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
[No subject] - by mroneflower - 01-31-2009, 03:11 PM
[No subject] - by mroneflower - 01-31-2009, 03:13 PM
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[No subject] - by mroneflower - 01-31-2009, 08:13 PM
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[No subject] - by mroneflower - 01-31-2009, 09:00 PM
[No subject] - by kamranACA - 01-31-2009, 09:15 PM
[No subject] - by mroneflower - 01-31-2009, 09:39 PM
[No subject] - by Schuaeb - 02-01-2009, 02:13 AM
[No subject] - by mroneflower - 02-01-2009, 08:16 AM
[No subject] - by mroneflower - 02-01-2009, 08:23 AM
[No subject] - by kamranACA - 02-02-2009, 08:40 PM
[No subject] - by mroneflower - 02-02-2009, 11:26 PM
[No subject] - by kamranACA - 02-02-2009, 11:44 PM
[No subject] - by mroneflower - 02-03-2009, 12:07 AM
[No subject] - by Pracs - 02-03-2009, 04:29 AM
[No subject] - by mroneflower - 02-03-2009, 08:17 AM
[No subject] - by kamranACA - 02-03-2009, 05:38 PM
[No subject] - by rabia-k - 02-03-2009, 05:40 PM
[No subject] - by kamranACA - 02-04-2009, 05:31 PM
[No subject] - by Pracs - 02-05-2009, 06:11 AM
[No subject] - by Pracs - 02-05-2009, 06:27 AM
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[No subject] - by kamranACA - 02-06-2009, 02:20 PM
[No subject] - by Pracs - 02-07-2009, 06:01 AM
[No subject] - by sumairalam - 02-09-2009, 08:08 PM
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[No subject] - by sumairalam - 02-10-2009, 10:16 PM
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[No subject] - by kamranACA - 04-01-2009, 03:29 PM
[No subject] - by rabia-k - 04-01-2009, 04:06 PM
[No subject] - by admin - 04-01-2009, 05:59 PM
[No subject] - by kamranACA - 04-01-2009, 06:53 PM
[No subject] - by kamranACA - 04-01-2009, 07:03 PM
[No subject] - by mroneflower - 04-02-2009, 12:21 AM
[No subject] - by mroneflower - 04-02-2009, 12:26 AM
[No subject] - by mroneflower - 04-02-2009, 12:31 AM
[No subject] - by kamranACA - 04-02-2009, 12:52 AM
[No subject] - by mroneflower - 04-02-2009, 01:36 AM
[No subject] - by rabia-k - 04-02-2009, 01:54 AM
[No subject] - by mroneflower - 04-02-2009, 02:16 AM
[No subject] - by rabia-k - 04-02-2009, 02:36 AM
[No subject] - by mroneflower - 04-02-2009, 03:41 AM
[No subject] - by sumairalam - 04-02-2009, 05:34 AM
[No subject] - by mroneflower - 04-02-2009, 06:22 AM
[No subject] - by Toronto_Boy - 04-02-2009, 06:31 AM
[No subject] - by sumairalam - 04-02-2009, 06:43 AM
[No subject] - by mroneflower - 04-02-2009, 06:50 AM
[No subject] - by Toronto_Boy - 04-02-2009, 07:07 AM
[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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