07-14-2010, 09:01 PM
Do we feel ACCA was ever "in" or was not previously "ousted" at/from Pakistan?
I know it looks indecent question so regrets are due from my side in advance. Yet, this question is critical and carries an answer to the question raised in this thread.
I don't think legally some one will send ACCA to exile or cause a closure of its local chapter at all. ACCA is not a threat to any one in professional meaning. There are thousands of ACCA students and such number has not changed the situation even a bit till now. This means a lot, if we tend to understand.
Yes, ICAP can reduce its exemptions further or totally eliminate all exemptions as a matter of its own policy, if it would be necessary. This can create problem and this is what people feel as a threat. Obviously CAs don't need any exemption from ACCA. They have exemptions from much better institute i.e. ICAEW (where further dialogues are in progress) and where dialogue with CICA has also been initiated; but regretfully on other side this is not a case as ACCA in Pakistan needs exemptions for CA.
If I am wrong and ACCA does not need any exemption from ICAP and any such reduction or elimination is not of any significance for them, then there are no worries.
However, in my opinion ICAP will not eliminate exemptions entirely.
Let's see what future unfolds.
Regards,
I know it looks indecent question so regrets are due from my side in advance. Yet, this question is critical and carries an answer to the question raised in this thread.
I don't think legally some one will send ACCA to exile or cause a closure of its local chapter at all. ACCA is not a threat to any one in professional meaning. There are thousands of ACCA students and such number has not changed the situation even a bit till now. This means a lot, if we tend to understand.
Yes, ICAP can reduce its exemptions further or totally eliminate all exemptions as a matter of its own policy, if it would be necessary. This can create problem and this is what people feel as a threat. Obviously CAs don't need any exemption from ACCA. They have exemptions from much better institute i.e. ICAEW (where further dialogues are in progress) and where dialogue with CICA has also been initiated; but regretfully on other side this is not a case as ACCA in Pakistan needs exemptions for CA.
If I am wrong and ACCA does not need any exemption from ICAP and any such reduction or elimination is not of any significance for them, then there are no worries.
However, in my opinion ICAP will not eliminate exemptions entirely.
Let's see what future unfolds.
Regards,
