07-21-2009, 09:55 PM
The very first day when ICAEW was launched in Pakistan, I telephoned ICAEW contact person in UK and they said their ATOs are ATOs for all. They donot differentiate on the basis that this ATO is only for ICAP this is only for ACCA and this is only for inducting graduates. Whether to recruit anyone or not, is the decision the firm has to make itself. ICAEW or ICAP or Emile Woolf cannot dictate them to recruit people from one qualification and dont accept others. Just for example EY UK has a policy that they will only train for ICAS (institute of Chartered Accountants in Scotland) and not train for ICAEW. ICAS has not forced EY UK to make this decision but its EYs internal policy.
I can confirm that I personally know 5 ACCA affiliates who are on ICAEW Training contract in 3 different firms in Lahore. (one firm not big 4 but in big 10).
So the decision is based on how strong a reference you have with the partner, believe me there is no such policy like NOT Allowed for ACCAs.!!! and by the way ICAP CAs dont need articls NOW SO ITS ONLY LEFT WITH ACCAs to go for ICAEW articles in these approved firms.
From 1st July ICAEW waived 2 years addition articles to ICAP members. All those ICAP Chartered accountants who were on their ICAEW articles have had their articles cancelled.!!!
I believe those who qualify ACA (ICAEW) in Pakistan in initial years from any big 4 can benefit as they would be first ones with ACA Englang & Wales and also additional qualifications like ACCA or CIMA. But in later years when ICAEW ACAs increase, worth of ICAEW will start to fall. Get ACA ICAEW in 3 years time and go abroad to set yourself otherwise if you get late there will be many more like you around. Its a very good chance to flourish right now if you are an ACCA affiliate -)
Even though I am CIMA qualified and on ICAEW training contract in Pakistan, I think ICAEW should never have been launched in Pakistan. They are here only to make money in longterm but would end up in destroying their worth.
I can confirm that I personally know 5 ACCA affiliates who are on ICAEW Training contract in 3 different firms in Lahore. (one firm not big 4 but in big 10).
So the decision is based on how strong a reference you have with the partner, believe me there is no such policy like NOT Allowed for ACCAs.!!! and by the way ICAP CAs dont need articls NOW SO ITS ONLY LEFT WITH ACCAs to go for ICAEW articles in these approved firms.
From 1st July ICAEW waived 2 years addition articles to ICAP members. All those ICAP Chartered accountants who were on their ICAEW articles have had their articles cancelled.!!!
I believe those who qualify ACA (ICAEW) in Pakistan in initial years from any big 4 can benefit as they would be first ones with ACA Englang & Wales and also additional qualifications like ACCA or CIMA. But in later years when ICAEW ACAs increase, worth of ICAEW will start to fall. Get ACA ICAEW in 3 years time and go abroad to set yourself otherwise if you get late there will be many more like you around. Its a very good chance to flourish right now if you are an ACCA affiliate -)
Even though I am CIMA qualified and on ICAEW training contract in Pakistan, I think ICAEW should never have been launched in Pakistan. They are here only to make money in longterm but would end up in destroying their worth.
