In his write-up carried by Business Recorder on April 12, new openings are unveiled by Qaisar Mufti. The writer has suggested that there should be no fast move for a new company law. Citing current accounting curricula in our educational institutions and related time investment, Mufti has forcefully pleaded moving out accounting education from the purview of Higher Education Commission.
Deficiencies or otherwise in the curricula could be a question of perception. However, the way accounting education is pushed to back burner or consigned to near obscurity is in no way beneficial even to the ones who are handed over privilege of certification of expertise in the discipline, in the long run. Accounting theory and practices always rest in the mill of change. Suggestion that education in accounting should be forte of a body operating in the vicinity of SECP's play makes lot of sense. Not only the institution catering accounting education be well versed in accounting as is prescribed and practised in the country and abroad, the body superintending should be capable of moving on the desired track. Not only SECP has a vibrant coterie of chartered and management accountants on roll for its own functioning, the organisation has to be constantly on heels in relation with accounting theory and global practices.
Winking at detailed working for move to shift the subject of accounting education from Higher Education Commission, for which is required governmental ruling - not too easy in the wake of subsisting vested interests fortified by such thanedar, I would urge the SECP to incorporate a provision in the draft companies law they have, which may ease in shifting of the subject of accounting education from Higher Education Commission to SECP. The SECP will be well advised to go the way, Mufti has suggested. Have at this stage enabling provision in the main law, with details left to rules framed under the law, in due course.
Comments
Comments are closed.