Canadian Immigration and ACCA, CIMA, CFA or CMA

[kamranACA]

Dear ad2478,


Thank you for agreeing to my view point positively.

I deduce, you are too in-experienced to understand, at your own, what you have asked, due to your initial steps in the profession. This is not a negative remark, rather, this is a fact. You are quite young and have just entered the professional level probably.

I wished to avoid CA v/s ACCA debate here. Therefore, my reply is ONLY and ONLY purposed to answer your query and is not to hit any body else. If some one feels ACCA is the best he should continue with it. I have no objection.

ACCA could be good generally, or in UK or middle-east specifically, or may have some MRAs with other designations. I always say it is a good gate way for other designations. In this post I am only focusing on "ACCA in Pakistan" for the sake of your clarity. Accordingly, these remarks are not for everywhere.

I have some-where in other threads elaborated three categories of ACCAs with specific reference to Pakistan. You should go to my earlier posts in other such threads and read out all arguments I have placed for you guys. You will appreciate that no body will like to choose lesser authoritative, local charter deficient, and 98% population (who absconded one profession for the reasons of failure) if he is resourceful to get all these things. Every thing in ACCA is comfortable, relaxed, and requires far lesser contribution from a student. This is a fact. You or I or else cannot deny it. People here lose many years in CA and then enter the ACCA and get through it quickly. {For qualified CAs, it had off course never been an issue.} This has ruined the image of ACCA largely. Now if you or somebody else start battling on ICAP's policies for the failure of such guys, I will never agree to you and it would be wastage of time because I know passing CA is not a mystery. Yes, it requires competence and the fittest has to survive. You will agree that this is the rule everywhere in all spheres of life.

In Pakistan ACCA has not so far been well recognized and I am sorry to say that ACCA has also not made very keen efforts in this regard. Pakistan Chapter is still working as a non-profit company constituted Under Section 42 of the Companies Ordinance 1984 and the marketing efforts, specially with those who are the main entrepreneurs in Pakistan are almost nil and unconvincing. There is a difference in non-profit company and a chartered institute although so many such companies use the word chartered with them but they are never chartered by any one in real sense. I have other examples as well which I don't want to quote.

Further, ACCA profession is TOTALLY dependent upon CA profession in Pakistan. You must understand it. Majority of ACCA students are working under CAs in CA firms (and even in industry) and their chapter cannot make anything to modify this situation. I recently, in a meeting with some official of ACCA chapter, have given him certain suggestions to promote their designation in Pakistan by encouraging the establishment of ACCA professional firms. This could be a step forward but so far I don’t think anything has been done. In colleges ACCAs are learning from CAs and are always dependent upon them for so many things. When ACCAs are dependent upon some one else they will never be treated as a first choice professional either by such firms or by their clients. You can understand how such students present their selves to the industry. I should avoid going into details. Whoever is ACCA is well aware of it.

Now I come to the point of knowledge and understanding. ICAP CAs are among the world’s most equipped and competent designation-holders. The statement of inexperienced kids and the ones who are from 98% class cannot change this fact. You guys just don't understand it at this point of time. It is Pakistan, an under-developed country which does not compete the advanced world in any field, still ICEAW considered it expedient to enter into MOU with ICAP. One who quotes childish examples of O-level and A-level should try to understand it. I have already explained that such MOU has indirectly given ICAP members all those recognitions (like ICAA) which ICEAW members enjoy. This is a big acceptance of Pakistani CAs by the world’s most recognized institute. It is well discussed and I don't want to go in further details.

In contrast, ACCAs in Pakistan, the majority of which is refugee of CA profession due to whatever reasons………………………………………………………………….

-are the students of ICAP members (CAs) at large,
-idealize them (CAs) and get inspired from such ICAP members (CAs),
-learn from them,
-are dependent upon them for every thing they get or conceive,

……………………………..…………..make good joke by calling their own-selves more competent and knowledgeable. Should I go in further details? I told you that merely the books don't make a designation the superior one. Books are off course open for every one in the competition and it's an era of consulting whatever comes in the way rather than just striking the thoughts with one DRURY book for example. Should I go in further detail for explaining you the situation?

Hopefully this will make you to understand and I would not be bothered to go in further details.

I am always here to answer and discuss the professional questions. I also feel we should now avoid discussing this CA v/s ACCA because this thread has some other purposes.


Regards,



KAMRAN.