04-17-2004, 12:29 AM
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Exemptions if appropriate.
As a CIMA accountant based in the UK, I just want to make the ICAP guys think about their motivations as things have progressed from the arguments you are having now over here.
In reality, the market will dictate how things pan out. Over here (UK), there are firms which have both ICAEW and ACCA partners of the same firm.In fact even CIMA accountants are partners too. The result is a win win situation for all. Further, with regards to exams, all of the respective bodies I believe can sit the finals of the other body.It is a mutual agrement.
I cannot but help feeling that it is the "insecurity" of another qualification challenging the local market qualification that is dictating the argument.
That said, the ACCA boys should not expect to be able to acquire a qualification purely through exemption and therefore any further exemptions need to be justified. I say no more exemptions.
ICAP have to stand up and be counted. Make your qualification more relevant and applicable to the modern world, or be prepared to step aside for the more progressive Institutes. Just because you think you have a superior qualification, does not make it superior.
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sohaib,
good to hear that there's no pride and prejudice prevailing among the firms in UK and both ACCAs and ACAs are partners in firms.
i think the current exemptions from ICAP to ACCA are just about right. no need to increase or decrease.
Exemptions if appropriate.
As a CIMA accountant based in the UK, I just want to make the ICAP guys think about their motivations as things have progressed from the arguments you are having now over here.
In reality, the market will dictate how things pan out. Over here (UK), there are firms which have both ICAEW and ACCA partners of the same firm.In fact even CIMA accountants are partners too. The result is a win win situation for all. Further, with regards to exams, all of the respective bodies I believe can sit the finals of the other body.It is a mutual agrement.
I cannot but help feeling that it is the "insecurity" of another qualification challenging the local market qualification that is dictating the argument.
That said, the ACCA boys should not expect to be able to acquire a qualification purely through exemption and therefore any further exemptions need to be justified. I say no more exemptions.
ICAP have to stand up and be counted. Make your qualification more relevant and applicable to the modern world, or be prepared to step aside for the more progressive Institutes. Just because you think you have a superior qualification, does not make it superior.
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sohaib,
good to hear that there's no pride and prejudice prevailing among the firms in UK and both ACCAs and ACAs are partners in firms.
i think the current exemptions from ICAP to ACCA are just about right. no need to increase or decrease.
