ICAP humiliating itself

[kamranACA]

Dear Aliboy9,


Your concern about my posts regarding ACCA is incorrect. This is, I guess, the second time when on this forum I talked about the history of ACCA. Further, the reference of ACCA came just in 2 paragraphs out of 11 or 12 in the whole of the above post and that was also for replying the wrong conclusions drawn by the writer of the article. The conclusions that ACCA was going to take up Pakistan market and the concern that why ACCA's exemptions have been changed.

I always said that who-ever is doing ACCA solely considering ACCA a good qualification, is doing a great job. There is also no harm in going for other qualifications as well after ACCA. Let me tell you what I say, just to clear your mind.

When I talk about ACCA it is always specific for Pakistan's scenario. I know ACCA is recognized abroad specially at UK and UAE etc. I appreciate the words of Khalid that one should think in global perspective. However, it can never be ignored that MAJORITY has to work locally and first of all one should talk about his local conditions. Just like Khalid discussed the Indian environment in his first post. If you have been seeing my posts you should have understood what I meant to say. In Pakistan, ACCAs are not going to be a preferred class in foreseeable future. I don't say it because I am not ACCA. I would have said this, had even I been an ACCA. If you are ACCA or you know ACCAs I don't think you cannot reach the same result.

In Pakistan (I again say in Pakistan) ACCAs are mainly represented by failure class who could not do CA or who feel it to be unachievable. Here they are not chartered by any means. They are only a company registered under section 42 of the Companies’ Ordinance 1984. I don't say this merely for opposing them. I had been having meetings with the officials of ACCA chapter. I have told them why they are behind and what can help them and their students to compete the market. Honestly speaking I feel they are not doing what they should have been. I asked them to encourage their members for establishing consultancy firms, arranging frequent seminars of high caliber executives by requesting them to participate, pursuing the entrepreneur by having continuous meetings providing them details about how ACCAs are educated and trained, sending big companies / banks and industries various updates on professional issues, increasing co-operation and bilateral understanding with ICAP and doing lot more than what they are currently doing. I also asked them to establish some merit for in-taking the students so that the failure class who enters ACCA just because they can spend British pounds could be properly tested and evaluated before registration. I told them the behavior of so many ACCA students which they generally show in professional firms while getting training and asked them to make rules to be strictly abide by the students while getting training arrangements like imposing condition of registered contracts for training. I seriously feel Pakistan Chapter is not vibrant, concerned and forward looking to the extent required by its students and members.

I am not against ACCAs, rather, I criticize the people who are representing ACCA in Pakistan as students, members and their chapter as well due to so many valid reasons some of which could be reflected in above paragraphs. We are in gold category of ACCA for training ACCA students. This cannot be a case if I don't welcome the ACCA students. Yes, I do, that's why I know what the issues with ACCA students are. When we talk about a building we have to start from a block, likewise, the people who talk about globalization or international arena should never forget that Pakistan is a part of such arena and we should consider what issues are attached with such professional body within this block. Don't forget this is for the well being of such body's students. I always like the healthy competition.

Until and unless ACCA achieves the required level, I am of the view that enthusiastic students who intend to stay at Pakistan should go for CA. This is a simple advice. One who doesn’t find it suitable is appreciated for taking his decision.

Some of my posts may be having undesired words, but readers should not forget that I am also a human being like them. Every one does and every one is open to criticize my words. No harm in it. However, I will keep on saying what I believe in with honesty.
In Pakistan people do ACCA just to find an indirect way of getting better qualification or the ones who could not fit their-selves elsewhere or the ones who don't want to work hard due to their financial strength or pampered brought up but need a qualification to put with the name. ACCA is only used as a gateway for further designations. However, I appreciate those who have done ACCA and feel it their core qualification. I believe that having more than one qualification is very good but this should not be solely for the reason that first qualification does not pay for the efforts made. If this is the case, then why to go for the first qualification at all?

None is for those who opt to settle abroad or who are doing ACCA from UK.

This is very simple and if you want to understand it's totally digestible.


Best regards,



KAMRAN.