Recognition of ICAI Qualification Abroad
Australia
The Institute of Chartered Accountants of India signed Mutual Recognition Agreement(MRA) with Certified Public Accountants, Australia, on 3rd February, 2009. For more details, please visit the below link: https://www.icai.org/post.html?post_id=4289&c_id=227
UK
The Institute of Chartered Accountants of India signed Memorandum of Understanding (MoU) with The Institute of Chartered Accountants in England and Wales on 20th November 2008. For more details, please visit the below link:
ICAI Signed MoU with ICAEW
Mauritius
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| The Indian qualification is already recognized under the Mauritius Companies Act and Indian Members can practice there. An MRA with the Mauritius Institute of Public Accountants is also contemplated under the frame work of Comprehensive Economic Cooperation and Partnership Agreement between the Government of India and Mauritius |
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Singapore
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| With the signing of Comprehensive Economic Co operation Agreement (CECA) between Government of India and Singapore, an MRA for recognition of qualification between the ICAI and Institute of Certified Public Accountants of Singapore is on the anvil and is likely to be formalized shortly. |
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Nepal
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| The Institute of Chartered Accountants of Nepal (ICAN) allows the Institute's members holding certificate of practice to acquire their membership. |
| Examination |
An Institute's members holding certificate of practice may request ICAN in prescribed form for specifying the subjects in which he would be required to appear in the examination for obtaining the membership of ICAN. A member of the Institute in practice is generally required by ICAN to pass the examination of the following subjects:
- Commercial Laws;
- Direct Tax; and
- Indirect Tax.
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| ICAN conducts examination in the months of June and December each year in Nepal. In order to clear the above examinations, atleast 40 percent. marks are required to be obtained in each paper and 50 percent. in aggregate. In case of candidates failing to clear all three papers as above in one sitting, the examination regulations of ICAN permit exemption from appearance in paper(s) in which the candidate has secured atleast 60 percent. marks provided that a minimum of 30 percent. marks is obtained in the remaining papers. |
| Membership |
| After clearance in the examination of the above three papers of the ICAN examination, a member of the Institute in practice is required to submit duly filled prescribed form alongwith requisite fee with ICAN. The applicant has to remit registration fee of Nepali Rupees 3,000 and annual membership fee of Nepali Rupees 2,200 alongwith the application for membership. |
| Certificate of Practice |
| A member has to apply in prescribed form for issuance of certificate of practice. The regulations governing membership of ICAN allow foreign citizens to practice in Nepal in form of firms only in which the share of the foreign citizen(s) shall not exceed 51 percent. ICAN allows firm name containing the name(s) or surname(s) of one or all partners of the firm. |
| Any query regarding membership of ICAN may be addressed to Mr Purushottam Lal Shrestha, Executive Director, the Institute of Chartered Accountants of Nepal (ICAN) at ican @ ntc.net.np with a copy to Mr Rakesh Sehgal, Joint Secretary, International Affairs Cell of the Institute at ia @ icai.org |
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Canada
https://icai.org/resource_file/9087dept_ifc_recognition_canada.pdf
New Zealand
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| The Admissions Board of the ICA of New Zealand has completed the technical evaluation of qualifying requirements for admission of the members of the ICAI as Associate Chartered Accountants of their Institute. They have granted certain exemptions, however member of ICAI will have to undertake additional academic study as well as 2 years of post-academic specified practical experience in an institute-approved training organisation under an institute- registered mentor. Members of ICAI will also have to appear in Professional Competence Examination-1, the Professional Accounting School and Professional Competence Examination '2 |
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