FURTHER SPECIALIZATION AND QUALIFICATION AFTER CA

The good news is that Chartered Accountancy of Pakistan, in its value and prestige out side Pakistan, is not like other fields of education (like medical and engineering) of Pakistan. Most of the Pakistani medical and engineering credentials, except a few, are not accepted abroad. This is not the case with ICAP. ICAP has affiliation with international bodies that try to harmonize and standardize accounting, financial reporting and auditing. Few of the affiliations are as follows: 

INTERNATIONAL FEDERATION OF ACCOUNTANTS (IFAC)

INTERNATIONAL AUDITING AND ASSURANCE STANDARDS BOARD

IFAC DEVELOPING NATIONS COMMITTEE

IFAC PROFESSIONAL ACCOUNTANTS IN BUSINESS COMMITTEE

INTERNATIONAL STANDARDS OF ACCOUNTING & REPORTING OF UNCTAD

BOARD OF CONFEDERATION OF ASIA AND PACIFIC ACCOUNTANTS

BOARD OF SOUTH ASIAN FEDERATION OF ACCOUNTANTS

ASIAN-OCEANIAN STANDARD-SETTERS GROUP

Affiliation with the above organization (that are successfully working towards a unified and standardized accountancy profession throughout the world) bears witness to wideness of the scope of CA of Pakistan.

In Pakistan a complete CA (passing all exams and mandatory training) is taken equivalent to Master's degree in commerce.

Apart from affiliation with the above international organizations, ICAP has signed Memorandums of Understanding with :

INSTITUTE OF CHARTERED ACCOUNTANTS IN ENGLAND &WALES (ICAEW)

INSTITUTE OF CHARTERED ACCOUNTANTS OF AUSTRALIA (ICAA)

CANADIAN INSTITUTE OF CHARTERED ACCOUNTANTS (CICA)

ASSOCIATION OF CHARTERED CERTIFIED ACCOUNTANTS (ACCA)

A CA can easily get any of these certifications by passing few additional papers (like taxation, corporation laws etc. of that country). Passing of a little more papers is required for ACCA.