10-05-2007, 05:29 PM
Dear Shoaib,
I can certainly not comment on the upcoming decisions by local member firms about what has to be implemented in post merger arena of these international associations.
However, normally merger of local firms take place when their international counter parts are merged as has been witnessed in the case of PWC and Coopers where we saw merger of AFF and Coopers in Pakistan.
Still, there are cases where this has not happened. In case of KPMG, Riaz Ahmad and Company and Taseer Hadi Khalid and Company, both were members of KPMG in Pakistan, as per my information. This continued for some time and due to not agreeing on certain issues (including option of merger) Riaz Ahmad and Company, left the KPMG association.
In some countries there are more than one firms having membership of same international association and these are continuing in the longer runs.
For merger so many issues have to be settled down and satisfaction of local counterparts is extremely necessary, more specifically, where major issues are independence, quality, and integrity.
Let's see what happens regarding your question as I am also only a viewer of the situation like you having no concern with the issue.
Regards,
Kamran.
I can certainly not comment on the upcoming decisions by local member firms about what has to be implemented in post merger arena of these international associations.
However, normally merger of local firms take place when their international counter parts are merged as has been witnessed in the case of PWC and Coopers where we saw merger of AFF and Coopers in Pakistan.
Still, there are cases where this has not happened. In case of KPMG, Riaz Ahmad and Company and Taseer Hadi Khalid and Company, both were members of KPMG in Pakistan, as per my information. This continued for some time and due to not agreeing on certain issues (including option of merger) Riaz Ahmad and Company, left the KPMG association.
In some countries there are more than one firms having membership of same international association and these are continuing in the longer runs.
For merger so many issues have to be settled down and satisfaction of local counterparts is extremely necessary, more specifically, where major issues are independence, quality, and integrity.
Let's see what happens regarding your question as I am also only a viewer of the situation like you having no concern with the issue.
Regards,
Kamran.
