Revision of ACCA exemption ....... Right OR Wrong?

[shahidACCA]

dear mudassar2704. ACCA always give exemption on equivalent basis, e-g reciprocal membership to those institute who also accept ACCA and give membership,even ACCA member after 5 year membership can become ICAEW member, as far as ICAP please read the below note care fully it taken from ICAP site.
ICAA

The member of Institute of Chartered Accountants of Pakistan is partially recognized equivalent to an Australian Bachelor degree.
Following are the three steps that are required for ICAP members to be eligible for the membership of the Institute of Chartered Accountants of Australia

1. Eligibility to enroll in the Chartered Accountants Program

Following are the pre requisites service entry requirements for the Chartered Accountants Program

Chartered Accountancy Program
Pre-requisite Core Knowledge Area
ICAP Papers Required

Accounting System and Processes
B4 Introduction to Financial Accounting
C6 Financial Accounting

Corporate Accounting and Reporting
C6 Financial Accounting
E14 Advanced Accounting and Financial Reporting

Accounting Theory, Professional and Regulatory Processes
E14 Advanced Accounting and Financial Reporting ( partial coverage only)

Cost and Management Accounting
D10 Cost Accounting
F17 Business Finance Decision

Finance
F17 Business Finance Decision

Auditing and Assurance
D11 Auditing
F20 Advanced Auditing

Legal Framework and Commercial Law
B5 Mercantile Law

Australian Corporations Law
Not Covered

Australian Taxation Law
Not Covered


ICAP members have to appear in the two bridging subjects Australian Corporations Law and Australian Taxation Law, clearing the papers will fulfill the entry requirements for the Chartered Accountants Program.

2. Chartered Accountants Program

To be eligible for full membership of the Institute ICAP members are required to successfully complete 5 modules of Charted Accountants Program as well as accrue 2 years practical experience with an employer approved by the Institute.

3. Application for the membership of the Institute of Chartered Accountants of Australia

After graduating from the Chartered Program ICAP members can apply for membership of the Institute of Chartered Accountants of Australia

OPEN YOU EYES DEAR. Australia institute even doest not recognise ICAP members for entry requirment and ICAP give full membership to their members

NOW COME TO CANADA INSTITUTE


CICA



There are 4 stages before obtaining a Canadian CA.

In the 1st stage ICAP’s CAs are recognized to a 4 year bachelor degree of 120 credit hours. However they do require you to appear for Business Law Course for further 3 credit hours before the stage is completed.
The second stage comprises of a 4 hour MCQ based Core Knowledge Exam.
In the third stage you have to get registered as a trainee and appear for 2 integrated Exams of School of Accountancy.
The final stage requires you to appear for UFE ( Uniform Evaluation) after which you can get the Canadian CA.

I DONT KNOW THESE INSTITUTE DOES NOT RECOGNIZE ICAP MEMBERS EVEN FOR ENTRY REQUIRMENT AND THIS INSTITUTE GIVE FULL EXEMPTION.

I AM SURE THAT KAMRANACA WILL GIVE REPLY WITH POSITIVE COMMENTS

REGARDS