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HEC recognizes the ACCA Qualification as equivalent to a Masters degree

The Higher Education Commission of Pakistan has granted equivalence to ACCA qualification to a Masters degree level.

A circular issued by HEC states that:

‘HEC recognizes 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 MComm. degree awarded by Pakistan universities on the following terms and conditions:
i)  There will be no exemption awarded to incomplete qualification of ACCA.
ii) Initial admission in ACCA programme must be after having 12 years of education (intermediate level, A-level or  equivalent   certification from IBCC Pakistan.’
 
Commending this development, Mr Arif Masud Mirza, head of ACCA Pakistan said: "This is bold step by the HEC and shows they are very much in touch with the changing demands of the highly skilled labour market, the mobility needs of our young members and their education aspirations generally. This is a rational step purely based on the academic merits of the ACCA qualification, I believe it will go a long way in promoting young professionals from Pakistan, increasing their employability and in the long run contributing to the social and economic development goals of Pakistan.’

ACCA members may apply for the equivalence by following standard procedure of Higher Education Commission, mentioned on their website HEC equivalence procedure.

To view a copy of HEC Circular, click here

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