04-09-2007, 03:54 PM
Dear Khani,
I know the cases where ACCA qualified people also qualified CA superbly. In my above post I mentioned that I was not talking about the rare cases.
There are still lesser than 5,000 qualified CAs from ICAP despite of passage of 60 years of independence. Some of these CAs have died. Almost 1,000 to 1,500 CAs are working abroad and in Pakistan I roughly estimate that aprroximately 2500 to 3,000 CAs would be working.
What would be the quantum of ACCA qualified people among these 2,500 to 3,000. Very few. In my veiw might be not more than 100 to 200.
Yes, personal abilities have to vary from person to person. But in fact whoever has qaulified CA, I regard him as CA. I personally have three other qualifications/memberships of professional institutes of Pakistan besides CA but I personally regard myself as CA.
Further, if some one has to mention other qualifications with his name along with CA in Pakistan, he has to mention ACA or FCA first of all and then he can mention other memberships with his name. This is required by ICAP.
And dear, the guy I mentioned in my post who passed two papers in two attempts is a genious one. He is one of my best students. What I wanted from mentioning about him is only to differentiate two qualifications and the varying level efforts required for them.
I am not an enemy of ACCA or other qualifications. I might well be doing CFA in near future as well. I am so much interested in it. I have also initiated LIFA. The point was to consider and explain that whether or not ACCAs should be given permission for public practice.
In my view, this should not happen. I have so many reasons to have this opinion. However, if any ACCA want to be in practice, no body can abstain him/her.
One simply has to establish an office, preferably incorporate a private limited (limited liability) company and start his management consultancy work. This will not include external audit/statutory audit as part of their services. However, they can do all other works. This way they might also prove theirselves and get permission for public practice one day, in future.
Best regards,
Kamran.
I know the cases where ACCA qualified people also qualified CA superbly. In my above post I mentioned that I was not talking about the rare cases.
There are still lesser than 5,000 qualified CAs from ICAP despite of passage of 60 years of independence. Some of these CAs have died. Almost 1,000 to 1,500 CAs are working abroad and in Pakistan I roughly estimate that aprroximately 2500 to 3,000 CAs would be working.
What would be the quantum of ACCA qualified people among these 2,500 to 3,000. Very few. In my veiw might be not more than 100 to 200.
Yes, personal abilities have to vary from person to person. But in fact whoever has qaulified CA, I regard him as CA. I personally have three other qualifications/memberships of professional institutes of Pakistan besides CA but I personally regard myself as CA.
Further, if some one has to mention other qualifications with his name along with CA in Pakistan, he has to mention ACA or FCA first of all and then he can mention other memberships with his name. This is required by ICAP.
And dear, the guy I mentioned in my post who passed two papers in two attempts is a genious one. He is one of my best students. What I wanted from mentioning about him is only to differentiate two qualifications and the varying level efforts required for them.
I am not an enemy of ACCA or other qualifications. I might well be doing CFA in near future as well. I am so much interested in it. I have also initiated LIFA. The point was to consider and explain that whether or not ACCAs should be given permission for public practice.
In my view, this should not happen. I have so many reasons to have this opinion. However, if any ACCA want to be in practice, no body can abstain him/her.
One simply has to establish an office, preferably incorporate a private limited (limited liability) company and start his management consultancy work. This will not include external audit/statutory audit as part of their services. However, they can do all other works. This way they might also prove theirselves and get permission for public practice one day, in future.
Best regards,
Kamran.
