ACCA attack on the market

[Schuaeb]

Well Parcs, that was a nice and a detailed reply, somewhat ambiguos also. Ambiguos in the sense it did not completey agreed or denied what I said. Although it seemed in agreement.

I dont know what do u really think about the situation, but after sometime there would be many many ACCA's in Pakistani Market. A large no. cud be exported, still what I see, there will be more than required here.

The effects of this on other accountants in Pakistan may be perhaps more swear than what we cud think rite now.

Chances of ACCA's practicin rite (signin audit reports) also are not very much remote.

For part qualified CA's, they are gonna be tougher competitors. Situation in this field is leadin to 'survival of the fittest' type situation, and part qualified persons will be least required.

ACCA is gainin more and more recogination in the market, which had been somewhat problamatic for them in the past.

What I forsee is, this situation will sharply affect ACA's.

What adds to the meance here is the number of persons joing ACCA, with no check on output as is what is claimed in case of ICAP.

An ACCA's opinion on this wud also be much interesting.

Shoaib