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Pass only 3 paper to have ICAEW degree !!!

CA. Dashrath Maheshwari (TaXpert) (15103 Points)

22 November 2008

ICAI have signed an MOU with The Institute of Chartered Accountants of England and Wales (ICAEW) giving recognition to each other qualification.

As per arrangement an ICAI member with two years post qualification exp is required to pass in just one paper on Case study Ethics to become full fledged member of ICAEW.

Complete details are available on website www.icai.org.

This arrangement comes into force immedietly and regn shall start from 1st December,2008

Cheers !

**DM

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49 Replies

Jeet Biswas (ACMA (in Service)) (5073 Points)
Replied 22 November 2008

this is amazing news....

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CA. Yogesh Malpani (Chartered Accountant) (216 Points)
Replied 22 November 2008

The arrangement provides that existing members of ICAI with two years of post qualification experience will be eligible for ICAEW membership on passing the ICAEW's one paper on Case Study. ALSO The ICAI members with less than two years of experience will be required to pass 3 papers- Case Study, Technical Integration Business change, Technical Integration Business Reporting.

So CAs with less than 2 years experience also get the chance. Isn't it great

1 Like

CA. Shikha (Chartered Accountant) (4143 Points)
Replied 22 November 2008

Who are planning to do that ????????

Rashmi (CA) (108 Points)
Replied 22 November 2008

HOW does it help in profssional life?

Rashmi (CA) (108 Points)
Replied 22 November 2008

Yogesh does it help the persons working in industry and NOT in profession?

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Sonia Verma (state govt employee) (347 Points)
Replied 22 November 2008

how many CAs in CAclub will be going for it?

Sonia Verma (state govt employee) (347 Points)
Replied 22 November 2008

Maheshwari ji & Shikha ji, will you be doing it?

CA. Dashrath Maheshwari (TaXpert) (15103 Points)
Replied 22 November 2008

Originally posted by :Sonia Verma
"	Maheshwari ji & Shikha ji, will you be doing it?	"

Hi,

I first request, not to use ji, as we all belongs from same faternity and I am here for good friends only.

Yup, I'm planning to do, but first want to see the results of first batch going to join...

Sonia Verma (state govt employee) (347 Points)
Replied 23 November 2008

intelligent decision....

dharmesh (analyst) (23 Points)
Replied 24 November 2008

Hi , Me and a few friends in UK are glad to hear about this news... we are sure to appear for July exams...

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Aisha (Finance Professional) (8099 Points)
Replied 25 November 2008

The Institute of Chartered Accountants of India (ICAI) signed a Memorandum of Understanding (MoU) with The Institute of Chartered Accountants in England & Wales (ICAEW) as on 20th November, 2008. This MoU will foster working relations between the two bodies. This has been signed by Mr. Martin Hagen, Deputy President, ICAEW and CA. Ved Jain, President, ICAI in the presence of Union Minister of Corporate Affairs, Hon'ble Shri Prem Chand Gupta. The MoU will provide for mutual Recognition and Examination arrangements for the members of the two largest Institutes of the world. The two largest Chartered Accountancy bodies joined hands in recognition arrangements for their members.

The two Institutes have been following highest standards of professional education, training, technical & ethical standards. The MoU entails coming together of two largest Accounting bodies working in tandem with each other to provide a synergy. This agreement would facilitate mobility of members across the borders and further strengthen the ties between India and United Kingdom (U.K.). This MoU will establish closer working linkages as well as provide recognition for members of the two bodies in the respective countries. With this arrangement, the two nations would be playing leadership role in their respective region.

The arrangement provides that existing members of ICAI with two years of post qualification experience will be eligible for ICAEW membership on passing the ICAEW's one paper on Case Study. The ICAI members with less than two years of experience will be required to pass 3 papers- Case Study, Technical Integration Business change, Technical Integration Business Reporting.

On the other hand, members of ICAEW who are trained in public practice will become eligible for ICAI membership subject to passing ICAI's 4 no.s of examination papers for the special modules – Taxation; Law, Ethics & Communication; Information Technology & Strategic Management; and Auditing & Assurance.