02-11-2008, 03:24 PM
Dear Khani,
Apart from the worth of any qualification (which is not being discussed here), the bi-lateral exemptions carry so many political issues.
If ACCAs ar given exemption up to module C by ICAP it may also carry same issues. I always said that every one strives to protect his own-self at first. Like-wise, there are so many members of ACCA who are now members of ICAEW and IFAC. They naturally strive to get their-selves protected. As they do in Pakistan, ACCAs are also much worried to get ICAEW exemptions at UK and they always quote it as an achievement to get such exemptions. This, in my view, again supports what I always say.
Now specifically coming to your point. If you concentrate you will come to know that even the current exemptions allowed by ICAEW are due to a Memorandum of Understanding recently signed by presidents of both institutes. Before this, even this number was not available. Although it is good to have bi-lateral exemption by institutes of same importance and prestige, still, ICAP members (at large) were not "too" much worried about it and only those were more anxious who wish to move to UK or who wish to enhance the base of their qualification. I again say it is good to have international qualification of same or diversified area from some prestigious institute.
This situation before signing of MOU cannot at all lead any one to construe that ICAP was below the standard. Rather, this is an issue of diplomatic efforts, concerns, specific importance for each other, necessities, pressure groups and so on.
I always agree that ICAEW is most prestigious qualification in the world. However, ICAEW member (for being in practice in Pakistan) requires to qualify certain number of papers of ICAP. Might be two or three. It is materially same what ICAEW has recently allowed to Pakistanis. Therefore, it means that now both institutes are considering each other roughly on equivalent basis. In contrast if ACCAs are given exemptions up to module C by ICAP, again it could mean some political, diplomatic or other issues. Pressure groups, dislikings and protecting own-selves have to remain a common reality.
Whenever I say CA is better than ACCA, I donât make my conclusion based upon what exemptions ICAP gives to it. I always quote market demand specific reasons and compare it with CAs in terms of jobs, market, salaries, key posts, knowledge, exposure and so on.
You are an ACCA (most probably Affiliate), you can go to market and check your demand. You will certainly come to know that what I say is correct. I donât again say that you will not get a job. Rather I say compare the available opportunities with what i available to CAs.
By the way I donât exactly know how many papers ACCA have in total.
Hope the question is answered.
Regards,
Kamran.
Apart from the worth of any qualification (which is not being discussed here), the bi-lateral exemptions carry so many political issues.
If ACCAs ar given exemption up to module C by ICAP it may also carry same issues. I always said that every one strives to protect his own-self at first. Like-wise, there are so many members of ACCA who are now members of ICAEW and IFAC. They naturally strive to get their-selves protected. As they do in Pakistan, ACCAs are also much worried to get ICAEW exemptions at UK and they always quote it as an achievement to get such exemptions. This, in my view, again supports what I always say.
Now specifically coming to your point. If you concentrate you will come to know that even the current exemptions allowed by ICAEW are due to a Memorandum of Understanding recently signed by presidents of both institutes. Before this, even this number was not available. Although it is good to have bi-lateral exemption by institutes of same importance and prestige, still, ICAP members (at large) were not "too" much worried about it and only those were more anxious who wish to move to UK or who wish to enhance the base of their qualification. I again say it is good to have international qualification of same or diversified area from some prestigious institute.
This situation before signing of MOU cannot at all lead any one to construe that ICAP was below the standard. Rather, this is an issue of diplomatic efforts, concerns, specific importance for each other, necessities, pressure groups and so on.
I always agree that ICAEW is most prestigious qualification in the world. However, ICAEW member (for being in practice in Pakistan) requires to qualify certain number of papers of ICAP. Might be two or three. It is materially same what ICAEW has recently allowed to Pakistanis. Therefore, it means that now both institutes are considering each other roughly on equivalent basis. In contrast if ACCAs are given exemptions up to module C by ICAP, again it could mean some political, diplomatic or other issues. Pressure groups, dislikings and protecting own-selves have to remain a common reality.
Whenever I say CA is better than ACCA, I donât make my conclusion based upon what exemptions ICAP gives to it. I always quote market demand specific reasons and compare it with CAs in terms of jobs, market, salaries, key posts, knowledge, exposure and so on.
You are an ACCA (most probably Affiliate), you can go to market and check your demand. You will certainly come to know that what I say is correct. I donât again say that you will not get a job. Rather I say compare the available opportunities with what i available to CAs.
By the way I donât exactly know how many papers ACCA have in total.
Hope the question is answered.
Regards,
Kamran.
