02-17-2003, 05:58 PM
Who on the earth told you that ACCA is not recognized in ICAEW and cannot do practice in UK. If you have been to UK, you would know that majority of the professionals practicing their are either ACCA or CA from Scotland. There are more than 20,000 ACCAs practicing in UK.
The only difference between ACCA and CA from ICAEW is that ACCA is international body. You can do it without having practical experience in UK. Infact, you professional experience in any other country counts. However ICAEW is local UK body for which UK practical experience is necerssary like we need for ICAP.
As far as recognition of ACCA in UK is concerned, priority is always given to local bodies and ICAEW being local body is preferred in UK.
Now if you consider ICAEW as standard, let me give you another information. If you are ACCA with UK stream, you can have ICAEW membership by having 3 years experience in any UK accountancy firm (no matter run by ACCA).
I under no means want to degrade ICAP (I cant as being the member of ICAP) as I know that it requires lot of hardwork and more "prayers" to pass the exams than any other body. I do also recognize the level of our students compared to others.
The only point is ICAP policies. Given exemptions at one time and taking back after some time is not a professional attitute at all. ICAP being a professional institute should not enter into such practices.
My question is if ICAP had to take back the exemptions, why at first place it was awarded?
QV
The only difference between ACCA and CA from ICAEW is that ACCA is international body. You can do it without having practical experience in UK. Infact, you professional experience in any other country counts. However ICAEW is local UK body for which UK practical experience is necerssary like we need for ICAP.
As far as recognition of ACCA in UK is concerned, priority is always given to local bodies and ICAEW being local body is preferred in UK.
Now if you consider ICAEW as standard, let me give you another information. If you are ACCA with UK stream, you can have ICAEW membership by having 3 years experience in any UK accountancy firm (no matter run by ACCA).
I under no means want to degrade ICAP (I cant as being the member of ICAP) as I know that it requires lot of hardwork and more "prayers" to pass the exams than any other body. I do also recognize the level of our students compared to others.
The only point is ICAP policies. Given exemptions at one time and taking back after some time is not a professional attitute at all. ICAP being a professional institute should not enter into such practices.
My question is if ICAP had to take back the exemptions, why at first place it was awarded?
QV
