09-21-2011, 04:25 AM
<blockquote id="quote"><font size="1" face="Verdana, Arial, Helvetica, san" id="quote">quote<hr height="1" noshade id="quote"><i>Originally posted by FutureCA</i>
<br />Kamran ACA ,
Please tell me about the application and utilzation of IFRS'S in US , Canada and other countries where it was not previously adopted !
I heard from my teachers, it is under consideration that US , Canada and other countries may adopt IFRS , IFRIC system in the near future which will further enhance the level of Pakistani CA's . So can you guide me through that if you have any information ?
<hr height="1" noshade id="quote"></font id="quote"></blockquote id="quote">
These countries have been considering IFRS since a very long time. It might take a few more years before they go the IFRS way. They are currently in the phase of preparing for the transformation. Who knows this entire thing is just a myth and rumor all together.
Their CPA body would make sure that there market remains steady and the best positions are covered by the local CPAs who know very well about the transformation.
Regarding Pakistani CAs demand going up in USA after the transformation, let me tell you their is no demand in the first place. For any other qualification not just Pakistan's CA. They have a regularized market where a CPA from a certain state is not even recgonized to practice in another state. Also remember that there are several other bodies around the world based on IFRS. Your argument would mean that all these bodies would become more effective in USA. Specially the international bodies. Moreover, Pakistan's image in USA as a country would further go against the idea.
<br />Kamran ACA ,
Please tell me about the application and utilzation of IFRS'S in US , Canada and other countries where it was not previously adopted !
I heard from my teachers, it is under consideration that US , Canada and other countries may adopt IFRS , IFRIC system in the near future which will further enhance the level of Pakistani CA's . So can you guide me through that if you have any information ?
<hr height="1" noshade id="quote"></font id="quote"></blockquote id="quote">
These countries have been considering IFRS since a very long time. It might take a few more years before they go the IFRS way. They are currently in the phase of preparing for the transformation. Who knows this entire thing is just a myth and rumor all together.
Their CPA body would make sure that there market remains steady and the best positions are covered by the local CPAs who know very well about the transformation.
Regarding Pakistani CAs demand going up in USA after the transformation, let me tell you their is no demand in the first place. For any other qualification not just Pakistan's CA. They have a regularized market where a CPA from a certain state is not even recgonized to practice in another state. Also remember that there are several other bodies around the world based on IFRS. Your argument would mean that all these bodies would become more effective in USA. Specially the international bodies. Moreover, Pakistan's image in USA as a country would further go against the idea.
