Is ICMAP bigger than CIMA?

[kamranACA]

Dear Sohail,

I have not based any comparison on frivolous and prejudiced grounds like who is bigger, what is curriculum, which one is qualified in shorter time etc. Rather, since the very outset of my participation in forum discussions, I always said that such analysis has to be based upon open market based evidence. Further, throughout all my attendance at this forum, I always clarified that my prime focus during any discussion is on people living and settling within Pakistan. I don't discuss situation at foreign countries since the real majority has to work locally.

You have seen localized and globalize markets and you must know by virtue of your experience that the above statement has to retain its validity regardless of whatever arguments we make.

Here people overwhelmingly discuss and feel proud in making points for the audit rights of private limited companies having paid up capital of pennies. Can you imagine what a joke it is when it comes to compete the big brother? Instead of focusing on the simple un-biased knowledge provoking query, which they must be knowing because of their connectivity, the drift of thought goes on to make comparisons with what they can never compete regardless of whatever they pray or do.

I mean, is not it strange when regardless of inferiority complexes (which no one of other pin points while raising any valid question) they feel and believe that their members sitting in regulating authorities can turn the tables. If they are so desperate then why the tables could not be turned since early 60s?

I again say the audit right of entities having pennies makes no difference and I don't ever say that they don't have such rights. However, is not it suspicious that why the circulars / notifications issued in 1999 (if any) could not make a part of Companies (amendment) Ordinance, 2002 which consolidated all relevant changes? I mean they must be having such notification to make statements, and they must be having so-called very powerful regulators but why they could never regularize such amendments to make it a part of law. Is not it a failure at the part of such so-called powerful regulators?

I agree that we should and we must keep regard of every professional body and its members but we should also avoid getting into controversies. When some professionals will be called "GADHEY" certainly the craps uttering out such mess would be called "GADHEY KAY BACHAY" more specifically when their own past president openly accepted that they are younger brothers i.e. "CHHOTAY GADHEY" or in other words "GADHEY KAY BACHAY".

I am sorry for writing these words but these are only meant to make the members (having positive mindset) realize that what the factual situation is AND what should be the way out to discuss the matters on forums.

As a last point, let me tell you that I have always seen CIMAs doing CA from ICAP or ICAEW for complimenting their qualification (although they in fact have a bit different specialization). I can quote a number of real life examples where it has been done. One member of this forum is also doing same thing. Here a comment was given that the majority of CIMAs opts for membership of ICMAP. Although it is neither a big issue nor it is so vital to be discussed, but can any body quote only five such examples with their membership numbers? This is again a simple query and must not be taken negatively, as our ICMAP brothers normally do.

Thanks for bearing with me.

Regards,


KAMRAN.