IS ACCA LOSING IT'S VALUE IN PAKISTAN?

[lost]

MRA between ACCA and HKICPA (Hong Kong) was terminated by HKICPA on 30 June 2005

A mutual recognition agreement existed between ACCA and the New Zealand Institute of Chartered Accountants (NZICA). This was terminated by NZICA on 1 January 2003.

Colorado State (US) Board is no longer accepting Association of Chartered Certified Accountants (ACCA) certificates.

MRA between ACCA and CGA (Canada) will be expired on 31 Dec 2011. I hope CGA Canada will definitely refuse to renew this agreement. As i have no clue. Future is uncertain

It is assessed as sufficient qualification for Migration purpose in Australia but Australian employers don't even know about ACCA. They do prefer local CPA and CA (ICAA). Theres no MRA of ACCA in Australian between Australian local bodies

I personally know ACCA affiliates of Pakistani origin in UK are working in Chicken Shops or Stores like Tesco/Bestway as a security guards. No firm wants to recruit South Asians they usually prefer fresh candidates (esp with British Passport) not affiliates. Pakistani Experience in UK is being counted as zero experience no matter you have 10 years of experience.

I think it has never had any good image anywhere except Middle East.
UK/Ireland are good for Europeans.

I think members of ICAEW can claim ACA as a globally recognized qualification and ICAEW is the member of Global Accounting Alliance.
It has MRA with following institutes and members of ICAEW can enjoy membership of Reciprocal Bodies (subject to requirements by institutes)

American Institute of Certified Public Accountants (AICPA)
Canadian Institute of Chartered Accountants (CICA)
Hong Kong Institute of Certified Public Accountants (HKICPA)
Institute of Chartered Accountants in Australia (ICAA)
Institute of Chartered Accountants in Ireland (ICAI)
Institute of Chartered Accountants of Scotland (ICAS)
Japanese Institute of Certified Public Accountants (JICPA)
New Zealand Institute of Chartered Accountants (NZICA)
South African Institute of Chartered Accountants (SAICA)

ACCA is competitor of ICAEW and list of above bodies.


Yes ACCA is recognized in following countries. But think who would like to work in following countries as a Pakistani. I think Pakistan is far better market than following countries

Ghana ([Institute of Chartered Accountants of Ghana])
Botswana (Botswana Institute of Accountants);
Egypt (The Egyptian Society of Accountants & Auditors);
Ethiopia (The Ethiopian Professional Association of Accountants and Auditors);
Lesotho (Lesotho Institute of Accountants);
Malawi (The Society of Accountants in Malawi);
Mauritius (The National Equivalence Council of Mauritius);
Nigeria (Institute of Chartered Accountants of Nigeria);
Sierra Leone (Institute of Chartered Accountants of Sierra Leone);
Swaziland (Swaziland Institute of Accountants);
Zambia (Zambia Institute of Chartered Accountants);
Tanzania (National Board of Accountants and Auditors).


As far as Value of ACCA in Pakistan is concerned, i think every body knows about it very well.