04-19-2006, 10:12 PM
NASCAR, I pity you on your 'restricted' views and even more on your demonstrated ability to 'think'. I hope you are really a member of ICAP because if you are really an ACA I'd like to appologise to the forum on behalf of a fellow member. I have seen ICAP students (and ACCA students likewise) rant unecessarily with out thinking, but you are our first ACA (if you really are) with such behaviour. I guess its more of a case of 'frog in the well'.
NASCAR, you have ended your post with some thing that makes sense,.. you go on to say that in Pakistan ACCAs have to make an effort and hardwork to prove themselves. Now do I see a change of opinion here. The reason for this is simply because ICAP has the legal backing in Pakistan, and has a 98% alumni at the hiring level, so it is only natural that there would be discrimination against ACCAs. As I have said in my earlier posts it will take atleast another 5-10 years for ACCA to kick in and make its mark. The biggest obstacle is ofcourse 'the right to practise'. ACCA is preceived to be different things in different countries. In my first job in Dubai.. I was hired solely on the basis of ACCA and a big4 training (I was still awaiting results for the final ICAP papers), thereafter in all my promotions and job switchs ACCA and ACA were always joint factors along with my experience. A year ago I moved to the UK a Big4 again,.. the criteria this time was the fact that I had over 7 years of IFRS/IAS experience in Big4's in two countries and the fact that I was an ACA pakistan (prime pakistani accountancy qualification)and an ACCA.
ICAEW would have lost their edge as the biggest accounting qualification in UK in a couple of years hence their desperate attempts to MERGE with CIMA and PIPFA,.. that being voted out,.. I guess this is ICAEW's desperate of desperate attempts to be able to retain their market share !! for it to be success depends how many ICAEW memebers would endorse it. This is quite a lucrative offer since even CAs from Australia, NZ, SA, Canada and Zimbabwae have to sit for the tax and law papers !! I know my australian CA colleagues are ranting since they have to sit for the legal and tax tests. Lets be practical about our views since we are all working professionals and not wet behind the ears any more.
NASCAR, you have ended your post with some thing that makes sense,.. you go on to say that in Pakistan ACCAs have to make an effort and hardwork to prove themselves. Now do I see a change of opinion here. The reason for this is simply because ICAP has the legal backing in Pakistan, and has a 98% alumni at the hiring level, so it is only natural that there would be discrimination against ACCAs. As I have said in my earlier posts it will take atleast another 5-10 years for ACCA to kick in and make its mark. The biggest obstacle is ofcourse 'the right to practise'. ACCA is preceived to be different things in different countries. In my first job in Dubai.. I was hired solely on the basis of ACCA and a big4 training (I was still awaiting results for the final ICAP papers), thereafter in all my promotions and job switchs ACCA and ACA were always joint factors along with my experience. A year ago I moved to the UK a Big4 again,.. the criteria this time was the fact that I had over 7 years of IFRS/IAS experience in Big4's in two countries and the fact that I was an ACA pakistan (prime pakistani accountancy qualification)and an ACCA.
ICAEW would have lost their edge as the biggest accounting qualification in UK in a couple of years hence their desperate attempts to MERGE with CIMA and PIPFA,.. that being voted out,.. I guess this is ICAEW's desperate of desperate attempts to be able to retain their market share !! for it to be success depends how many ICAEW memebers would endorse it. This is quite a lucrative offer since even CAs from Australia, NZ, SA, Canada and Zimbabwae have to sit for the tax and law papers !! I know my australian CA colleagues are ranting since they have to sit for the legal and tax tests. Lets be practical about our views since we are all working professionals and not wet behind the ears any more.
