02-28-2006, 09:43 PM
In Pakistan things are pretty much the same, and because ICAP is the only body that has a mandate to sign the audit reports it does reign supreme and will continue to do so in times to come. Even if other professional bodies like ACCA or ICMAP in time get the mandate ICAP will still keep its monopolist presence or better put be the market leader. There are a number of reasons to this, first, the brightest and the well placed still opt for the ICAP qualification, second the people on top of the finance world are CAs, the Big4 partners (who sway ICAP in policy making and operations)are now primarily ICAP memebers(with some still ICAEW dual members in)this forms a formidable network of professionals who hold the kegs to the profession. Now this is simply not because they hold some sort of monopoly, the position is because of proven skills.
<b>(By Pracs !)</b>
Most business in Pakistan are not large MNC set ups,.. even the larger Businesses are huge family business houses who perfer to hire one finance professional who can actually take care of all business needs. <b>(By Pracs !)</b>
<font color="red"><b>Shazad</b>, Please don't mind but You should have properly studied and ponder upon the comments offerred by Pracs ! Some of which the most important I found; have been qouted above and the most important courteous lines next to this paragraph are enough for your rigourous comments offerred lavishly, without having proper knowledge of Pakistan's Economy, useless comparison of different certifications not actually asked in the problem, and lacking the understanding capability of problem requested to be discussed by me.</font id="red">
We are not weighing which qualification is better off here, but how and why CMA and CA are preceived in the market. You can run around and shout at the top of your voice, but facts won't change just for that. <b>(By Pracs !)</b>
I'm quite satisfied from your reply pracs ! There was a lot of information about my country's economy, ICAP's quality professionals etc. which you presented in your comments for my all the questions asked, that I was lacking and which caused this confusion to prevail in my mind without knowing the actual facts.
<b>Thanks a lot especially Pracs</b> ! and also hanifasif & Shehzad.
Love is life ! (adeel)
<b>(By Pracs !)</b>
Most business in Pakistan are not large MNC set ups,.. even the larger Businesses are huge family business houses who perfer to hire one finance professional who can actually take care of all business needs. <b>(By Pracs !)</b>
<font color="red"><b>Shazad</b>, Please don't mind but You should have properly studied and ponder upon the comments offerred by Pracs ! Some of which the most important I found; have been qouted above and the most important courteous lines next to this paragraph are enough for your rigourous comments offerred lavishly, without having proper knowledge of Pakistan's Economy, useless comparison of different certifications not actually asked in the problem, and lacking the understanding capability of problem requested to be discussed by me.</font id="red">
We are not weighing which qualification is better off here, but how and why CMA and CA are preceived in the market. You can run around and shout at the top of your voice, but facts won't change just for that. <b>(By Pracs !)</b>
I'm quite satisfied from your reply pracs ! There was a lot of information about my country's economy, ICAP's quality professionals etc. which you presented in your comments for my all the questions asked, that I was lacking and which caused this confusion to prevail in my mind without knowing the actual facts.
<b>Thanks a lot especially Pracs</b> ! and also hanifasif & Shehzad.
Love is life ! (adeel)
