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UK’s Association of Chartered Accountants accreditation hits Dubai
6 November 2007
Dubai accountants are to be offered the chance to earn the British ACA accreditation locally for the first time.
The Institute of Chartered Accountants in England and Wales (ICAEW) reckons rapid expansion in the Gulf has driven an increased need for qualified accountants, which has prompted it to set up shop in the region.
So far, the ICAEW has been in talks with the Gulf branches of the big four accounting firms – KPMG, PriceWaterhouseCoopers, Ernst & Young and Deloitte – but says investment banks could still benefit from a surge in ACA qualifications.
“The tendency here is for investment banks to poach accountants from the big four once they have been trained, and then pay them a lot more money,” says Jonathan Worrell, international business development manager at the ICAEW.
Until now, the Association of Chartered Certified Accountants (ACCA) and the US’s Certified Public Accountant (CPA) have been the favoured qualifications in the area, but the ACA hopes to muscle in on the market. There are currently 500 people in the Gulf who hold an ACA.
Worrell says that having a presence on the ground shouldn’t deter firms from recruiting internationally: “There is a real shortage of good quality people within this region, and from speaking to the firms, they are looking all over the world to try and get the good people in. However, hopefully this will encourage people to train locally.”
i would comment on MR.SURESH coments dated (10dec 2007) how dare he comments on indian CAs...& use words like stuff...this utter nonsense on his part...indian CAs r the best...most of the big positions in international world r occupied by indian CAs.....so jus take care...ok
CA 08 Jul 2008
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