ICAP humiliating itself

[Toronto_Boy]

Dear rabia-k

The closest meaning to “globally recognized qualification” could be qualification that is generally acceptable in 80 countries for accounting jobs in public accounting and industry. Whether it is preferable over local designations in all those countries or not is a different story. However, as long as I know, at-least ACCA is more preferable to employers in all those countries but Pakistan (at-least at present) as compared to ICAP or ICMAP. It makes transition easier in each of respective country. It may provide a reasonably good job in Pakistan currently and probably more certainly in other countries.

With my limited knowledge, I don’t know any real global designation in absolute terms. Each of AICPA, ICAEW, CMA(IMA), CIMA, ACCA, CICA, CGA, CMA Canada, ICAA, ICAS, ICAP, and ICMAP has, more or less, limitations in relative terms and pros and cons. The closest truly speaking global designation that I know might be CFA, though it relates to Finance and Investments, not specifically accounting.

To read more about global designations, I would suggest to read the following thread.

http//www.accountancy.com.pk/forum/topic.asp?topic_id=6286

Regards