I know American institutions can be very picky about what they accept, so they could be similar. Unless the standards are drastically different I feel any institution failing to recognize an education from another seems wrong, but that's a whole different rant.
I think the education system everywhere has much catching up to do with modern society. It used to be that much professional knowledge could really only be obtained in the classroom, now anyone with a desire and access to the Internet can learn much outside a classroom environment.