04-10-2008, 09:26 PM
Hi
Dear Nakaiun if you work in Big 4 you are in public practice and if you are doing a job in any company, bank etc you are in industry.
As far as exemption for ACCA members is concerned, they have to appear in 2 papers and a case study. This is possible only if they have taken Advanced Taxation in the optional paper of finals. Otherwise they have to appear in Tax as well, totaling the number of papers to 3 + 1 case study. One more thing, a person will not be allowed to appear in case study unless he is in final year of his training.
Now the point raised by 4thelement regarding public practice in other countries, same principal applies, if you have studied in UK variant, Hong Kong Variant etc you will not be allowed to practice in those countries. So ACCA students if you have any plan to move to UK after qualifying ACCA and ICAEW you better
1)study in UK variant of ACCA and
2)find internship in the firm/company which has offices both in UK and Pakistan and it is also approved trainer of both ACCA and ICAEW.
As far as monopoly factor is concerned by some forum members, I would like to say that things take time to settle down, ACCA is approximately 10 years old in Pakistan, competing with nearly 50 years old ICAP. The progress which ACCA has made till now in not bad at all. Same was the situation with IBA in past but then LUMS came in, now CBM. Now graduates of these MBA providers are accepted like of IBA.
So give some more time to ACCA and as a student give your best because if you are working in a same audit firm on same clients, following same methodology you can develop same professional standard and can get good recognition.
Many Thanks
Kind Regards
Dear Nakaiun if you work in Big 4 you are in public practice and if you are doing a job in any company, bank etc you are in industry.
As far as exemption for ACCA members is concerned, they have to appear in 2 papers and a case study. This is possible only if they have taken Advanced Taxation in the optional paper of finals. Otherwise they have to appear in Tax as well, totaling the number of papers to 3 + 1 case study. One more thing, a person will not be allowed to appear in case study unless he is in final year of his training.
Now the point raised by 4thelement regarding public practice in other countries, same principal applies, if you have studied in UK variant, Hong Kong Variant etc you will not be allowed to practice in those countries. So ACCA students if you have any plan to move to UK after qualifying ACCA and ICAEW you better
1)study in UK variant of ACCA and
2)find internship in the firm/company which has offices both in UK and Pakistan and it is also approved trainer of both ACCA and ICAEW.
As far as monopoly factor is concerned by some forum members, I would like to say that things take time to settle down, ACCA is approximately 10 years old in Pakistan, competing with nearly 50 years old ICAP. The progress which ACCA has made till now in not bad at all. Same was the situation with IBA in past but then LUMS came in, now CBM. Now graduates of these MBA providers are accepted like of IBA.
So give some more time to ACCA and as a student give your best because if you are working in a same audit firm on same clients, following same methodology you can develop same professional standard and can get good recognition.
Many Thanks
Kind Regards
