HEC recognition: ACCA granted masters degree equivalence

HEC’s move is likely to put a dent into the dominance of the local CA.

LAHORE:

The Higher Education Commission (HEC) has granted equivalence to ACCA qualification to a Masters level degree.

A circular issued by HEC states that: “(The) HEC recognises the membership of Association of Chartered Certified Accountants (ACCA) after completion of professional qualification and other requisites including training and required professional experience as equivalent to Masters of Commerce degree awarded by Pakistan universities.” Arif Masud Mirza, head of ACCA Pakistan said: “This is a bold step by the HEC and shows it is very much in touch with the changing demands of a highly-skilled labour market.” The move is likely to increase the value of the qualification.

Published in The Express Tribune, April 30^th, 2011.