02-24-2009, 08:26 PM
Dear,
First of all you have nothing to celebrate for anything I wrote above. I don't base my views on others' mindsets and give statements under any influence. Definitely the developed nations are far ahead of our social and economic culture and set up. This has, however, nothing to do with institutes or firms. In Pakistan things have to move with the stipulations contained in law. Who will invest his resources on a designation-holder that will never come up to join their hands in the long run.
Pakistani firms are very small practices when compared to the nations and setups you are talking about. People develop their human resource for strategic reasons. Keep in mind, in a given legislative setup no body can waste its efforts, resources and time on useless things. Here, the main objective of retaining the people/students is to promote them through a process from Assistant Manager to the level of Partner. If one knows that a man can't go beyond a certain level, should he logically opt to choose him?
That's why I asked you to criticise GOP instead of CAs, if you feel like doing so. You are just not concentrating on the problem and are merely arguing for no sake.
However, there are so many other reasons for preferring CA students over ACCA, I once explained to ACCA chapter. I asked them to resolve the issues with their students which sometimes make them a last preference for big CA firms. I don't know if they have started working on it or not.
There is no difference in mentaility. You must keep it in record that the difference is due to qualification emanating, at least, from this third world country's laws. ICAP and its members have no fault in it.
On the other hand, ACCA chapter and association has never bothered to keep good relations with local charterholder. It is a fact. You are not at a stage where you can see this happening. When some one is new and has to make its place, he cannot dictate his terms. If we are muslims, we have the example of Hudaibia pact. I am not asking you to think religiously. Rather, gave you an example.
If ACCA was not able to convince local charterholders or GOP, it should have not induced students to get its qualifications. It is simple. And, if it has induced, it is its own responsibility to sort out matters with GOP, and if in their opinion ICAP is an obstacle, then with ICAP. Is it a fault of ICAP, if some one knowngly and willfully opts for ACCA. Certainly not. So one should bear the burden of his own decisions. There is nothing suspecious in it.
To another thing you pointed out, I must place on record that apart from UK and UAE, you will not find such a heaven in other so called 80 countries, which you are dreaming about. Moreover, in my view it's no logic to move for the reason of a qualification. People get the knwoledge and technology and move in. Here guys get the knowledge and technology and are supposed to move out. We have debated on it and I think it must not go long at this thread.
I would be welcoming you to come back and start a firm here whenever you like. However, keep in mind there are some biggest firms (in Pakistan terms) which are not CA audit firms and are having loads and loads of consultancy businesses. These could have CAs in majority in Pakistan but these are not the CA firms engaged in audit at all. Do you need examples? You may also find such firms internationally. I know such international firms since I have worked with them in certain consortia arrangements. I am at the moment in the process of forming such a consortia for a consultancy assignment of SBP.
Advisory and consultancy roles are not specific for CAs only. They may also not be very much specific to acountancy only. That's why I encourage people like you and also ask your chapter to get this idea, in all our meetings.
People ask me that I am wasting time at this forum. I normally don't agree to this statement. But sometimes I feel it, specially when very straightforward things are not digested by the others.
Here we see people who, being manager accounts of so called second largest company in a given sEctor, don't exactly know what financial reporting framework is applicable to their own entity, and don't hesitate making claims against CA qualification on which they in fact depend for all guidance and learning.
Regards,
KAMRAN.
First of all you have nothing to celebrate for anything I wrote above. I don't base my views on others' mindsets and give statements under any influence. Definitely the developed nations are far ahead of our social and economic culture and set up. This has, however, nothing to do with institutes or firms. In Pakistan things have to move with the stipulations contained in law. Who will invest his resources on a designation-holder that will never come up to join their hands in the long run.
Pakistani firms are very small practices when compared to the nations and setups you are talking about. People develop their human resource for strategic reasons. Keep in mind, in a given legislative setup no body can waste its efforts, resources and time on useless things. Here, the main objective of retaining the people/students is to promote them through a process from Assistant Manager to the level of Partner. If one knows that a man can't go beyond a certain level, should he logically opt to choose him?
That's why I asked you to criticise GOP instead of CAs, if you feel like doing so. You are just not concentrating on the problem and are merely arguing for no sake.
However, there are so many other reasons for preferring CA students over ACCA, I once explained to ACCA chapter. I asked them to resolve the issues with their students which sometimes make them a last preference for big CA firms. I don't know if they have started working on it or not.
There is no difference in mentaility. You must keep it in record that the difference is due to qualification emanating, at least, from this third world country's laws. ICAP and its members have no fault in it.
On the other hand, ACCA chapter and association has never bothered to keep good relations with local charterholder. It is a fact. You are not at a stage where you can see this happening. When some one is new and has to make its place, he cannot dictate his terms. If we are muslims, we have the example of Hudaibia pact. I am not asking you to think religiously. Rather, gave you an example.
If ACCA was not able to convince local charterholders or GOP, it should have not induced students to get its qualifications. It is simple. And, if it has induced, it is its own responsibility to sort out matters with GOP, and if in their opinion ICAP is an obstacle, then with ICAP. Is it a fault of ICAP, if some one knowngly and willfully opts for ACCA. Certainly not. So one should bear the burden of his own decisions. There is nothing suspecious in it.
To another thing you pointed out, I must place on record that apart from UK and UAE, you will not find such a heaven in other so called 80 countries, which you are dreaming about. Moreover, in my view it's no logic to move for the reason of a qualification. People get the knwoledge and technology and move in. Here guys get the knowledge and technology and are supposed to move out. We have debated on it and I think it must not go long at this thread.
I would be welcoming you to come back and start a firm here whenever you like. However, keep in mind there are some biggest firms (in Pakistan terms) which are not CA audit firms and are having loads and loads of consultancy businesses. These could have CAs in majority in Pakistan but these are not the CA firms engaged in audit at all. Do you need examples? You may also find such firms internationally. I know such international firms since I have worked with them in certain consortia arrangements. I am at the moment in the process of forming such a consortia for a consultancy assignment of SBP.
Advisory and consultancy roles are not specific for CAs only. They may also not be very much specific to acountancy only. That's why I encourage people like you and also ask your chapter to get this idea, in all our meetings.
People ask me that I am wasting time at this forum. I normally don't agree to this statement. But sometimes I feel it, specially when very straightforward things are not digested by the others.
Here we see people who, being manager accounts of so called second largest company in a given sEctor, don't exactly know what financial reporting framework is applicable to their own entity, and don't hesitate making claims against CA qualification on which they in fact depend for all guidance and learning.
Regards,
KAMRAN.