02-12-2010, 09:34 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 kamranACA</i>
<br /><blockquote id="quote"><font size="1" face="Verdana, Arial, Helvetica, san" id="quote">quote<hr height="1" noshade id="quote"><i>Originally posted by awaisaftab</i>
<br />Before making any comparison of CA and CMA firms we should keep in mind that cost audit was introduced in Pakistan in 1998. I think before 1998 not a single firm of CMA exists in the country. How we can compare newly established CMA firms. In many of my posts I have pointed out that the profession of CMA is developing in Pakistan. But the number of practicing CMAâs is increasing by every passing day. Know there are more than 100 CMA firms are working in the country and if the cost audit right is solely assigned to CMAâs and CAâs are deprived from this audit right then Koyee Asman Nhn Toot Parega.
One thing I have noted that Mr. Kamaran extensively against the assignment of any financial audit right to CMA. But
only on the basis of 2 subjects of cost and management accounting (the material contained in these subjects are taught in the initial stages of ICMA) he is advocating the for the right of cost audit for CAâs. Contrarily in ICMA where a completely
separate subject has introduced named as Financial Reporting is being taught he is against the assignment of any financial audit right to CMAâs.
One should keep in mind that the recommended syllabus of IFAC is being taught that is the reason why the name of papers of ICMA and CIMA are even same.
Mr. Kamran Why you do not offer your valuable suggestion in relation to ICAP. Why do you give suggestions for ICMAP only.
Is the ICAP the most prestigious institute of the world?
Is there no need of improvement in ICAP?
Why you do not give recommendations and suggestions to the members of the forum
Who are
working as trainee students in audit firms for becoming a good auditor??
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Awais
First of all I have a humble suggestion; whenever you will click others' ideas and will try to test your abilities on it you will do what you have done on the other thread and what you are doing on this thread. Suggestion is to avoid it. It will help.
Cost audit might have been introduced in 1998 but CMAs institute is there from 1966 (CMAs even believe it was there before this date). Professional practice is not only meant for Cost Audit. You (personally) are also very much found of financial audits by the way. Would you like to establish a firm just for getting two cost audits per year? Certainly not! So what are your people doing since 1966? This answer is just for your question. Otherwise I no where said that CMAs should not be given audit rights. I only pointed the areas where you have not paid any attention since 1966. And yes, this was also for CMAs benefit. You are not a CMA so far. When you will be a CMA then we will discuss it. Tab tak araam / chill karo!
As far as CA syllabus is concerned, you know you cannot qualify its Cost and Management Accounting papers in all of your lifeâs time? If not then join CA and prove my words wrong. By the way have you gone through such papers at CMA so far?
If you will visit the other thread you will find answers to all your confused questions. Go there and get the clarifications.
Regards,
KAMRAN.
<hr height="1" noshade id="quote"></font id="quote"></blockquote id="quote">
<br /><blockquote id="quote"><font size="1" face="Verdana, Arial, Helvetica, san" id="quote">quote<hr height="1" noshade id="quote"><i>Originally posted by awaisaftab</i>
<br />Before making any comparison of CA and CMA firms we should keep in mind that cost audit was introduced in Pakistan in 1998. I think before 1998 not a single firm of CMA exists in the country. How we can compare newly established CMA firms. In many of my posts I have pointed out that the profession of CMA is developing in Pakistan. But the number of practicing CMAâs is increasing by every passing day. Know there are more than 100 CMA firms are working in the country and if the cost audit right is solely assigned to CMAâs and CAâs are deprived from this audit right then Koyee Asman Nhn Toot Parega.
One thing I have noted that Mr. Kamaran extensively against the assignment of any financial audit right to CMA. But
only on the basis of 2 subjects of cost and management accounting (the material contained in these subjects are taught in the initial stages of ICMA) he is advocating the for the right of cost audit for CAâs. Contrarily in ICMA where a completely
separate subject has introduced named as Financial Reporting is being taught he is against the assignment of any financial audit right to CMAâs.
One should keep in mind that the recommended syllabus of IFAC is being taught that is the reason why the name of papers of ICMA and CIMA are even same.
Mr. Kamran Why you do not offer your valuable suggestion in relation to ICAP. Why do you give suggestions for ICMAP only.
Is the ICAP the most prestigious institute of the world?
Is there no need of improvement in ICAP?
Why you do not give recommendations and suggestions to the members of the forum
Who are
working as trainee students in audit firms for becoming a good auditor??
<hr height="1" noshade id="quote"></font id="quote"></blockquote id="quote">
Awais
First of all I have a humble suggestion; whenever you will click others' ideas and will try to test your abilities on it you will do what you have done on the other thread and what you are doing on this thread. Suggestion is to avoid it. It will help.
Cost audit might have been introduced in 1998 but CMAs institute is there from 1966 (CMAs even believe it was there before this date). Professional practice is not only meant for Cost Audit. You (personally) are also very much found of financial audits by the way. Would you like to establish a firm just for getting two cost audits per year? Certainly not! So what are your people doing since 1966? This answer is just for your question. Otherwise I no where said that CMAs should not be given audit rights. I only pointed the areas where you have not paid any attention since 1966. And yes, this was also for CMAs benefit. You are not a CMA so far. When you will be a CMA then we will discuss it. Tab tak araam / chill karo!
As far as CA syllabus is concerned, you know you cannot qualify its Cost and Management Accounting papers in all of your lifeâs time? If not then join CA and prove my words wrong. By the way have you gone through such papers at CMA so far?
If you will visit the other thread you will find answers to all your confused questions. Go there and get the clarifications.
Regards,
KAMRAN.
<hr height="1" noshade id="quote"></font id="quote"></blockquote id="quote">