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Canadian, Pakistani accountants reach qualification agreement

Published by Steve Coleman on May 07, 2012

Accounting became a little more international May 7.

The Canadian Institute of Chartered Accountants (CICA) and the Institute of Chartered Accountants of Pakistan (ICAP) have signed a memorandum of understanding outlining how accountants from one country can gain official status in the other.

"Our profession is known as a leader in international labour mobility and in foreign credential recognition," said Kevin Dancey, president and CEO, CICA in a news release. "It is important to help internationally trained professionals earn their Canadian CA as this fosters mobility and helps us attract the brightest and the best individuals."

Pakistani accountants with a university degree looking for their Canadian credentials will have to pass CICA's Canadian Uniform Evaluation, held annually, and meet the experience requirements.

A Canadian CA looking for credentials in Pakistan can become an ICAP member by passing the host association's exams in Advanced Taxation and Corporate Laws.

"This increased recognition of accounting education programs in Pakistan is a true benefit for our members," said Rashid Rahman Mir, president, ICAP, in the news release. "It is very encouraging to see our efforts being acknowledged by the CICA. This is a great example of two accounting bodies working together to provide windows of opportunity in today's global environment."

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