12-29-2010, 10:26 PM
<blockquote id="quote"><font size="1" face="Verdana, Arial, Helvetica, san" id="quote">quote<hr height="1" noshade id="quote"><i>Originally posted by nomanchaudhry</i>
<br />i went to icmap on friday to attend a seminar. during councluding remarks by hanif ajari (VP-ICMAP), he mentioned icap NC has passed resolution against ACCA, denying them any exemptions at all from any course of icap. apparently they have woken up to the reality as acca has recently applied to secp for recognition as the third accounting body in pakistan )
icap is now trying its level best to somehow banish acca from pakistan forever but at this moment their are 40k students enrolled in acca. as a matter of fact they have more members in pakistan than icap and icmap combined )
hanif ajari earlier was of the view that acca members have now reached some very powerful positions in pakistan in the finance sector & some of icap members who got icap membership through the earlier exemption scheme available to acca members (taking just 3 papers on the basis of acca- pass). it would be interesting to know that a long time ago i heard from some icap students that this scheme was introduced by najam chaudhry (ex snr partner- AFF) as his son was doing acca and he wanted him to qualify ca from icap but sweet justice that his son failed to do so....
i think it would be interesting to c in the coming months and years how this 'very late' banishment of acca will effect market value of local bodies i.e. icap and icmap.
on a personal level, i think its ethically wrong as this thing will adversly affect acca students and members, who would have trouble finding a snr position job after next few yrs due to this policy!
laslty it is also rumoured icap NC will also actively urge firm partners not to hire acca trainees for audit purpose!
<hr height="1" noshade id="quote"></font id="quote"></blockquote id="quote">
It is pleasure knowing that ICMAP's VPs are so curious and worried about what ICAP is doing with other bodies. Still, I feel they need to have a more focused approach towards what they should be doing for their students and members. It may help them more.
In ICAP, a single person cannot make any decision or take any step. So, the allegation on any previous president is a hilarious effort by whoever has done so. The sons of a number of CAs can be found doing CIMA, ACCA, CPA or something else, but it does not mean that the ICAP policies are for the benefit of any one specifically. There are standing committees, a number of sub-committees, regional committees and council. The Council is represented by the elected CAs and some high profiled Govt nominees; and decisions are taken through a complete process.
It is extremely good to know that some ACCAs have attained very powerful positions in Pakistan. But where? Can Mr. Hanif Ajari explain? Powerful positions start from Ministers, General Secretaries, Secretaries, heads of key public sector establishments like FBR, SECP, Auditor General, Accountant General, SBP Governor, NBP President, key position holders at top notch entities like NIT, PIA, State Life, Wapda, biggest private sector names in banking, manufacturing, capital market , insurance and other sectors, so on and so forth. Further to it, professionally speaking, powerful positions may be depicted by the list of top level partners of top level professional firms based upon whatever institutesâ qualifications. Can Mr. Ajari explain where he has witnessed the concentration of power which is threatening him and forcing to make such analysis? Perhaps he does not know what powerful in fact means. If someone, having more than one qualification, is at any top level position he must be knowing which qualification made him to attain such level. Is it some hidden fact yet to be explored?
No one has asked any firm to deny trainings to ACCA students. Heaps of such trainees are accommodated every year. So, it would be injurious to spread such rumors without any basis. Issue of exemptions has to be seen in altogether a different perspective. It has nothing to do with what has previously been done and what would be done in future. It is always time specific and finds its roots in more than generally perceived facts.
Regards,
<br />i went to icmap on friday to attend a seminar. during councluding remarks by hanif ajari (VP-ICMAP), he mentioned icap NC has passed resolution against ACCA, denying them any exemptions at all from any course of icap. apparently they have woken up to the reality as acca has recently applied to secp for recognition as the third accounting body in pakistan )
icap is now trying its level best to somehow banish acca from pakistan forever but at this moment their are 40k students enrolled in acca. as a matter of fact they have more members in pakistan than icap and icmap combined )
hanif ajari earlier was of the view that acca members have now reached some very powerful positions in pakistan in the finance sector & some of icap members who got icap membership through the earlier exemption scheme available to acca members (taking just 3 papers on the basis of acca- pass). it would be interesting to know that a long time ago i heard from some icap students that this scheme was introduced by najam chaudhry (ex snr partner- AFF) as his son was doing acca and he wanted him to qualify ca from icap but sweet justice that his son failed to do so....
i think it would be interesting to c in the coming months and years how this 'very late' banishment of acca will effect market value of local bodies i.e. icap and icmap.
on a personal level, i think its ethically wrong as this thing will adversly affect acca students and members, who would have trouble finding a snr position job after next few yrs due to this policy!
laslty it is also rumoured icap NC will also actively urge firm partners not to hire acca trainees for audit purpose!
<hr height="1" noshade id="quote"></font id="quote"></blockquote id="quote">
It is pleasure knowing that ICMAP's VPs are so curious and worried about what ICAP is doing with other bodies. Still, I feel they need to have a more focused approach towards what they should be doing for their students and members. It may help them more.
In ICAP, a single person cannot make any decision or take any step. So, the allegation on any previous president is a hilarious effort by whoever has done so. The sons of a number of CAs can be found doing CIMA, ACCA, CPA or something else, but it does not mean that the ICAP policies are for the benefit of any one specifically. There are standing committees, a number of sub-committees, regional committees and council. The Council is represented by the elected CAs and some high profiled Govt nominees; and decisions are taken through a complete process.
It is extremely good to know that some ACCAs have attained very powerful positions in Pakistan. But where? Can Mr. Hanif Ajari explain? Powerful positions start from Ministers, General Secretaries, Secretaries, heads of key public sector establishments like FBR, SECP, Auditor General, Accountant General, SBP Governor, NBP President, key position holders at top notch entities like NIT, PIA, State Life, Wapda, biggest private sector names in banking, manufacturing, capital market , insurance and other sectors, so on and so forth. Further to it, professionally speaking, powerful positions may be depicted by the list of top level partners of top level professional firms based upon whatever institutesâ qualifications. Can Mr. Ajari explain where he has witnessed the concentration of power which is threatening him and forcing to make such analysis? Perhaps he does not know what powerful in fact means. If someone, having more than one qualification, is at any top level position he must be knowing which qualification made him to attain such level. Is it some hidden fact yet to be explored?
No one has asked any firm to deny trainings to ACCA students. Heaps of such trainees are accommodated every year. So, it would be injurious to spread such rumors without any basis. Issue of exemptions has to be seen in altogether a different perspective. It has nothing to do with what has previously been done and what would be done in future. It is always time specific and finds its roots in more than generally perceived facts.
Regards,
