IBA grads get a shortcut to chartered accountancy

Published: February 13, 2013

Graduates of IBA’s BS programme will complete only two modules – E and F – and complete the chartered accountancy programme in just three years.

KARACHI: The Institute of Business Administration (IBA) signed a memorandum of understanding (MoU) with the Institute of Chartered Accountants of Pakistan (ICAP) on Tuesday, which will give graduates of IBA’s BS (accounting and finance) programme the opportunity to become chartered accountants while exempting them from taking the first four modules (12 papers) of the CA curriculum.

IBA Dean and Director Dr Ishrat Husain and ICAP President Ahmad Saeed signed the MoU at IBA’s main campus.

It is the first time that ICAP has allowed graduates of a business school the opportunity to avail a fast-track chartered accountancy programme, Saeed said while speaking on the occasion. Under the MoU, graduates of IBA’s BS programme will complete only two modules – E and F – and complete the chartered accountancy programme in just three years.

Addressing the audience, Husain said “I was told that the ICAP management was rigid and would not agree to such a proposal. I am happy I proved my detractors wrong by bringing ICAP on board,” he said.

Published in The Express Tribune, February 13th, 2013.

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Reader Comments (18)

  • Usman786
    Feb 13, 2013 - 6:47AM

    why only IBA. whats your difference with ACCA, CIMA and other BS Acctg programs

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  • Wasim
    Feb 13, 2013 - 11:29AM

    A great opportunity to ruin the pride of IBA students, ICAP examiner will punish them and Now IBA students can taste the bitterness of being failed in any exam in whole career.
    IBA will be looser ultimately as IBA degee had worth in Market and now its only equivalent to CA inter.However best will prevail at the end.

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  • IBA Alumnus
    Feb 13, 2013 - 11:35AM

    Way to go… Feeling ecstatic to see IBA making progress so rapidly. IBA FOREVER !!!

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  • Abdul Qadi Zainuddin
    Feb 13, 2013 - 11:54AM

    Does ICAP only represent KARACHI only??? What about the LUMS graduates?? The differences with ACCA, CIMA & ICAEW shows the insecurity of ICAP simply. Either CA students are not compatible or they fear competition in market.

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  • Wasim
    Feb 13, 2013 - 12:11PM

    A great opportunity to ruin the pride of IBA students, ICAP examiner will punish them and Now IBA students can taste the bitterness of being failed in any exam in whole career.
    IBA will be looser ultimately as IBA degee had worth in Market and now its only equivalent to CA inter.However best will prevail at the end

    Recommend

  • Omair
    Feb 13, 2013 - 1:08PM

    What is CA inter getting in return? same exemption?

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  • Feb 13, 2013 - 2:18PM

    It is IBA’s foresighted and smart leadership that has made a strategic partnership with ICAP. It was IBA who brought its hand forward to ICAP for such an arrangement.

    If other universities want to get the same privileges, they too should step forward and take initiatives.

    IBA Forever!!!

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  • imran
    Feb 13, 2013 - 2:40PM

    @maryam zahoor:
    IBA is not even near to lums in terms of quality of stuents

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  • Feb 13, 2013 - 3:03PM

    @imran, so?

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  • IBAian
    Feb 13, 2013 - 4:10PM

    @Abdul Qadi Zainuddin:

    The IBA is not just meant for Karachi. Agreed that it’s located in Karachi and a lot of the students belong to this city but there is also a huge number of students who come from other cities. And all such students are treated as euqually as any other students. Same is the case with ICAP; it doesn’t stops anybody from outside Karachi from joining its CA program.

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  • jawad
    Feb 13, 2013 - 4:53PM

    Now ICAP really feeling insecure after that CCP decision,IBA simply utilized this opportunity.This is the first time that ICAP allowed fast CA track just to coupe the pressure ACCA ICAEW and CPA and other accountancy bodies have, in the job market.

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  • Zaheer
    Feb 13, 2013 - 7:37PM

    Nice comment for ICAP leadership from Ishrat Husain at the end of story.

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  • Qausain
    Feb 13, 2013 - 8:42PM

    the ICAP Council is doing wrong accounting here, the entry is not balanced. what kind of exemption is this where only the BBAs of one university are getting benefits of having exemptions upto Module D and no exemptions are being offered to the CA inter students by that university. Do they have any IDEA k kitni mehnat lagti hey A, B, C, D pass karney main?!

    One more thing that in the CCP case ICAP was promoting nationalism k we should promote our national institute (ICAP) in comparison to the foreign associations(ACCA/ICAEW), so on the basis of that ICAP should now provide same exemptions to ALL our National universities as well, like LUMS/CBM/SZABIST, etc. Ye mehrbani sirf IBA waloon pey he kion?

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  • Syed Shahzaib Jamal
    Feb 13, 2013 - 11:24PM

    Just providing an Insight

    Let me take you 2 year behind,
    ICAP giving 4 Modules exemption to ACCA/CIMA member
    Reason President son was ACCA qualified and he need to get in
    after six months ICAP reduced Exemptions

    Now IBA …………………………Recommend

  • Feb 14, 2013 - 12:08PM

    ICAP has reduced exemptions for ACCA members on the ground that they didn’t study local laws i.e Tax & Company Law etc. The question is how ICAP could allow exemptions for IAS, ISA’s, to business students??? Another question is what ICAP students would get from IBA???

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  • Mohammad Asad Ilyas
    Feb 14, 2013 - 12:58PM

    @Wasim, ICAP examiners are not checking IBA’s papers. IBA faculty controls the course and the program. Pass BS from IBA and the student will get exemption. ICAP or even IBA does not control the passing rate. Student does. Please get your facts straight before posting inaccurate information.
    @Akber, ICAP students can also get exemptions from IBA as well. Given that the exams passed are HEC recognized and the student has passed them.

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  • Rehan
    Feb 15, 2013 - 10:19AM

    I have experience with internees of LUMS at Ernst & Young. Although they are smart, they lack knowledge in corporate laws, auditing standards, IFRS requirements and Taxation which are the core concepts for CA Profession.

    The successful grads need too much to read and learn about module E syllabus as the normal stream CA students fail a lot in this module due to extremely large syllabus.

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  • mustafa
    Feb 19, 2013 - 4:50PM

    the trainig period should be of 3.5 years for iba grads.why 3 years?

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