07-10-2006, 02:03 AM
In this day and age, it would be a difficult thing to ban ACCA,. having said that,, around 30% of Pakistani CAs now work outside Pakistan, there is room for ACCAs to get in. It does not go with out saying that the relatively salaries will come down as there are more accounting professionals. What I think is going to happen in the near future is a lot of ACCA affiliates will be out and about with few training positions (or reasonable positions) to go forth for the right experience.
The next five years are still going to see growth in the accountancy profession, we already have Pakistani accountants working all around the world, Middleast, North America, Europe even the Far east now. A big Market that is going to open up is China..!! and when I say big it is going to be huge. Chinese Big4 are already looking for the right trained people from all over the world - people who speak English.. and if you now Mandrian (Chinese spoken in Main land China) there are quite a number of opportunities there.
The accounting world is an exciting place, just when we thought ENRON would bring down the accountants,, it did just the opposite, it produced more work for accountants, IT auditors.. in the form of SOX, more SEC and regulator requirements. As more Companies go global and more of the economy in Pakistan move towards 'documentation' there will be more opportunities.
I for one cannot simply predit what the future is going to be like.
The next five years are still going to see growth in the accountancy profession, we already have Pakistani accountants working all around the world, Middleast, North America, Europe even the Far east now. A big Market that is going to open up is China..!! and when I say big it is going to be huge. Chinese Big4 are already looking for the right trained people from all over the world - people who speak English.. and if you now Mandrian (Chinese spoken in Main land China) there are quite a number of opportunities there.
The accounting world is an exciting place, just when we thought ENRON would bring down the accountants,, it did just the opposite, it produced more work for accountants, IT auditors.. in the form of SOX, more SEC and regulator requirements. As more Companies go global and more of the economy in Pakistan move towards 'documentation' there will be more opportunities.
I for one cannot simply predit what the future is going to be like.
