03-01-2006, 12:40 AM
Dear Members,
As per International Federation of Accountants(IFAC) there are three accounting bodies in Pakistan namely,
1)Institute of Chartered Accountants of Pakistan (ICAP)
2)Institute of Cost & Management Accountants of Pakistan (ICMAP)
3)Pakistan Institute of Public Finance Accountants (PIPFA)
As per IFAC members of above mentioned bodies are equal. Now question arises here what is the reason of so much difference.
Answer is simple,
These accounting bodies are rated according to capabilities of thier members. ICAP has an advantage that it has the best accountants in Pakistan. That's why it is on top and it is true and no one can change this fact.
And other reason is that most of the CA's are members of ICMAP and PIPFA. "Pracs" is right that knowledge of students of ICMAP are limited to books. After qulifying he has no practical knowledge. This is the fact admitted by ICMAP. ICMAP introduced INTERNSHIP for its students.
Saif-ur-Rehman Saqib
[email protected]
+92 300 278 3602
As per International Federation of Accountants(IFAC) there are three accounting bodies in Pakistan namely,
1)Institute of Chartered Accountants of Pakistan (ICAP)
2)Institute of Cost & Management Accountants of Pakistan (ICMAP)
3)Pakistan Institute of Public Finance Accountants (PIPFA)
As per IFAC members of above mentioned bodies are equal. Now question arises here what is the reason of so much difference.
Answer is simple,
These accounting bodies are rated according to capabilities of thier members. ICAP has an advantage that it has the best accountants in Pakistan. That's why it is on top and it is true and no one can change this fact.
And other reason is that most of the CA's are members of ICMAP and PIPFA. "Pracs" is right that knowledge of students of ICMAP are limited to books. After qulifying he has no practical knowledge. This is the fact admitted by ICMAP. ICMAP introduced INTERNSHIP for its students.
Saif-ur-Rehman Saqib
[email protected]
+92 300 278 3602
