ICAP humiliating itself

[Toronto_Boy]

Dear mroneflower

I am just trying to say that Canada is not an easy country, specially for professionals in any field from sub-continent countries. Market conditions, competition and non-recognition of professional qualifications do not give leverage to professionals from these countries including CAs from ICAP. Moreover, as CA from ICAP is un-recognized here, officially they can't say CA to themselves, as CA is the brand of CICA here. Whatever job or business they do is in their personal capacity just like all other accounting graduates or non-desiganted accountants. However, some of them are doing reasonably good jobs, but again in their personal capacity and not based on recognition of Pakistani CA. Others are doing just regular accounting jobs and personal accounting/ book keeping services business.

I would say this kind of debate and conflict is useless. Whether we believe or not, but eventually market forces would define worth of all designations in Pakistan. Monopoly based policies may not last longer in todays world and associations sheltered under monopolistic policies would eventually be limited to restricted services like signing off audited financials though actual field work would be performed by some staff accountant.

Rapid and steady increase in number of students and members of ACCA in Pakistan is one of the major indicators of these market forces.

Regards