ICAP humiliating itself

[kamranACA]

Dear Pracs,

Certainly she cannot understand what you have said. I could not help laughing.


Rabia,

I already said that ICAP is a localized professional institute. It has produced almost 5000 CAs so far (now almost 4000 alive or working) who are not bound to leave the country merely for the sake of bread and butter like some of other so-called "respectable/prestigious qualification holders" which don't find it here.

I know you cannot understand this fact. ICAP does not have an agenda to open its office even as a company to enhance the revenues over the globe by sacrificing quality in whatever manner. Your "respectable" qualification is just a product of some company at so many places. Further, the claim of being a globally recognized "super sonic" qualification always comes from ACCA who is no where in top 50 even at UK (its homeland) when talking in professional perspective. The ones who are not even in top 50 at homeland, how could they be the leaders elsewhere. The first issue is not spreading out a designation across the globe, rather, it is to attain the highest position in competition at least at homeland. You “cannot” appreciate that numbers cannot replace the quality.

ICAP is a high quality institute of a third world country. Its members are taken on the boards of IFAC and all other internationally renowned professional, advisory and standard setting bodies. It's members have been playing all the advisory roles for institutions like world bank, IMF, Asian development bank, UNO, UNDP, various high commissions, biggest oil refineries, petroleum companies, and what not and what not. Any stupid posts cannot change the fact at all. I have worked for so many such assignments and I am a witness to the fact that when international investors come to Pakistan they bring technical consultants from foreign countries like Atkins, Appledoor, corus consulting etc but on financial side they always rely upon the capabilities of Pakistani CAs. They never bring financial advisors from abroad. There had not been even a single instance to the contrary in all biggest transactions / privatizations we saw in Pakistan during last 10 years. This all is nothing else than their belief in ICAP's member firms. How a kid of your age who is an ACCA student can understand it?

I know you are a student and at this junior level your stupid opinions have no weight, but those, who are your qualified ones should talk professionally and come up with what can prove something effectively.

You say that I am always focusing on Pakistan primarily. Yes, you are right, I do so because I am a Pakistani first of all and my all views about ACCA are primarily for the guidance of Pakistani students. I have mentioned it at so many times. I don't care whatever a student at Malawi or Turkey is doing. Since I deal with Pakistani professional students of accountancy I wish them not to divert from the best path. What goes wrong with it? Will you come to Pakistan to provide them the salary levels they or their parents have been expecting all the time while they were doing your so-called "chartered accountancy", a product of company registered under companies’ ordinance 1984? Certainly not. I will not either. So what can I do is to guide them what is best for them. If they are upto it they should do it and if they find it harder and opt something else then they should be mentally prepared to accept the final outcome. Now when some one, in the veil of global recognitions stuff, provides one side of story to such students, I just endeavor to create the balance by stating the facts. After all every one cannot leave the country merely for the reason that a particular qualification is not paying them locally.

Apart from all this discussion, every one is quite independent of his own decisions, and I have no where been forcing my views on any student. What I do is to state the fact. I never have hidden the merits of ACCA which are specific to it. You can go to every thread and you can find it out.

You have asked for some other firms having office out of Pakistan. I told you that a huge number is logically not possible given the total CA members of ICAP. However, I give you a few other references just because you are a student and it may enhance your knowledge base.

Munaf Yousaf and Co., Toronto, Canada

Hasan Tabani and co., Otawa, Canada

Avais Hyder Liaqat Nauman, Kabul, Afghanistan

A.F.Ferguson and Co., Kabul, Afghanistan

Viqar A. Khan and Co., Ontario, Canada

Tariq Qayyum and Co., Mississuaga, Canada

Kahlil-ur-Rehman, Sharja, UAE

Hadi Shahid and Co., Abu Dhabi, UAE

Chaoudry Associates, West yorkshire, UK

Farooq Muhammad Ladha, Safat, Kuwait

A.W. Nagda and Co., Dubai, UAE

Ali Associates, London, UK

These firms may be providing restricted or unrestricted services at such locations and they might have partners with other qualifications as well. But these do exist around the globe as well. However, I place on record that these are not very big firms outside Pakistan except Afghanistan. One should not make wrong claims. Still, these do exist. There are some others as well.

However, the pointing out of ACCA was warranted because it is taken to be a globally recognized and globally present qualification the members of which make the claim of engulfing the world or at least gulf within couple of years. No ICAP member made such a claim for ICAP. The people who want to engulf the world or gulf within 2 years are not even seen within top 50 at their homeland i.e. UK. What their position would be at other locations. Mashallah, still they are leaders and can engulf. What can I say buddies.

Be prudent, mature, decent, and accept the facts. Facts don't have to change.


Khalid,


What can one reply to an insane for his unsound mind yapping? It's better not to reply your stupidity here. I wish you could have appeared on those threads to face the facts but you did not. Al'as. You did nothing else except gripping on "don't go for prayer" by ignoring the complete version "don't go for prayer if you are not in senses". Try to understand. However, I know you cannot.

Your so-called world engulfing professionals, we have seen, when you gave those links. What else you can prove?

I am waiting for further two years to see how you will take over the whole world in couple of years. Bearing with you buddy.


Regards,


KAMRAN.