Chartered Accountancy

CA Degree is approved by our Association of Indian Universities as a Post-Graduation Degree for all kinds of employments and further higher studies anywhere in India.

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Institute of Chartered Accountants of India – ICAI.

“I need MBAs to run my business, but need Chartered Accountants to teach them how to run the business.” – Ratan Tata, Former Chairman, Tata Group.

“..as Merger and Acquisition are order of the day, CAs have very big roles to play in the corporate world” – Kumaranmangalam Brila, Chairman, Aditya Birla Group.

The Institute of Chartered Accountants of India in New Delhi is an Independent Statutory Body set up by an Act of Parliament on the 1st of July, 1949 to regulate the profession of Chartered Accountancy in India. The ICAI functions under the administrative control of the Ministry Of Corporate Affairs of the Indian Government and is the Second Largest Professional Body of Chartered Accountants in the world.

It is the only competent authority to form Syllabus, conducting exams at all levels, conducting Post Qualification Specialist Courses, Laying down Ethical Standards, Formulating Accounting Standards, Prescribing  Standard  Auditing Procedures,  Exercising Disciplinary Jurisdiction, Reviewing Financial Reports, and above all, input on Policy Matters to the Government of India and its states.

How to become a Chartered Accountant (CA)?
 

Foundation Level

  • Eligibility: SSLC pass or HSC(+2) pass or 2 years commerce diploma pass or 3 years engineering diploma pass or UG or PG Less than 55% aggregate.
  • Requirements to pass level: 40% in each paper and 50% as aggregate.
  • Papers: 4

Direct Entry Route

Intermediate Level

  • Eligibility: CA Foundation pass or CMA Intermediate pass or CS Executive pass.
  • Papers: 8
  • Requirements to clear Intermediate Level: 40% in each paper and 50% as aggregate.

Final Level

  • Eligibility: CA Intermediate pass + Completion of 4 Weeks Advanced ICITSS + Completion of 30 months of Practical Training Attendance.
  • Papers: 8
  • Requirements to clear Final Level: 40% in each paper and 50% as aggregate + Successful completion of 3 years of Practical Training.
Papers and Marks in CA Course
 
Recognition for CA Professionals in India

CA Degree is approved by our Association of Indian Universities as a Post-Graduation Degree for all kinds of employments and further higher studies anywhere in India.

105 Indian Universities, 7 Indian Institutes of Management (IIM), IIT Madras and IIT Bombay recognise Chartered Accountancy Qualification as equivalent to Post Graduation for admitting CA Qualified Professionals to their Doctoral Programmes.

The Institute of Chartered Accountants of India (ICAI) has entered into Memorandum of Understanding with Indira Gandhi National Open University (IGNOU) for pursuing Graduate and Post Graduate courses with appropriate exemptions from appearing in the paper(s).

A student who has passed Final examination of the Institute of Chartered Accountants ofIndia has been recognized for recruitment to Superior services / Posts under the Central Government. Accordingly, candidates possessing this qualification are eligible for admission to the Civil Services Examination, which is conducted by the Commission for recruitment to IAS, IPS and other Central/State services including Group I & II.

Recognition for CA Professionals outside India

The Indian CA Degree offered by ICAI is valid globally and is approved by International Federation of Accountants (IFAC), South Asian Federation of Accountants (SAFA) and Confederation of Asian and Pacific Accountants (CAFA). It has also been approved by UK NARIC (National Recognition Information Centre) and by the UAE Technical Education Department as mentioned below:

  • CA – Intermediate Level – UG Degree Equivalent

                    UK NARIC – RQF Level 6 (UG Degree)

                    UAE – RQF Level 7 (UG Degree)

  • CA – Final Level – PG Degree Equivalent

                    UK NARIC – RQF Level 7 (PG Degree)

                   UAE – RQF Level 9 (PG Degree)

Note: Our Indian CAs are empowered with Signing Authority and authorised to do Self Practice at anywhere in all the Gulf Countries as they do in India just after successful completion of their Final Course along with their Practical Training. They need not clear any Papers in the Gulf Countries for the same.

ACCA after CA

Association of Chartered Certified Accountants has recognized ICAI’s CA qualification by exempting 9 papers out of 13 (F1 to F9 – both Knowledge Level and Skill Level).

CA professionals can directly appear for its Strategy Professional Level (Final Level – 4 Papers) exams to qualify as an ACCA Member. ACCA has been approved in 183 countries across the globe and has the Signing and Auditing Authority in 78 countries.

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