ICAI, SAICA sign pact to facilitate professionals movement
PrintListen to this Article
The mutual recognition agreement (MRA) signed between the ICAI and South African Institute of Chartered Accountants (SAICA) would facilitate mutual recognition of each other's qualification and admit the members in good standing by prescribing a bridging mechanism between the two institutes, the ICAI said in a release.
The agreement was inked on June 4 at the SAICA head office in Johannesburg.
Under the MRA terms, an ICAI member is exempted from appearing in Part I or initial test of competency and practical training requirements of SAICA and can become a member of the latter on the basis of completing the assessment of professional competence (APC) examination.
Besides, if an individual ICAI applicant, in good standing, fulfils the "competency requirements" of the SAICA competency framework, membership of the South African chartered accountants body may be granted without completing the APC examination.
The MRA will lead to greater mobility of professionals at either end and would herald a new dimension of professional opportunities for chartered accountants of both the countries, ICAI President Naveen N D Gupta said.
"The MRA, leading to membership pathways, between ICAI and SAICA would be beneficial for the members of both countries," Fanisa Lamola, the Chief Executive Officer of SAICA said.
Last month, the Union Cabinet had approved signing of an MRA between the ICAI and the SAICA to establish a mutual cooperation framework for the advancement of accounting knowledge, professional and intellectual development, advancing the interests of their respective members and positively contributing to the development of the accounting profession in the two countries.#casansaar (Source - PTI, Times of India)
Category : ICAI | Comments : 0 | Hits : 709
The CA Institute has proceeded and notified its revised exam dates (announced on March 19) for the intermediate course examination and final examination despite a pending Supreme Court hearing slated for April 29 on postponement plea filed by some CA Students. An ICAI notification—gazetted on April 25 —showed that the intermediate course exams will be held on May 3, 5 & 9 (Group I) and May 11, 15 and 17 (Group II). The final exams are scheduled for May 2, 4 and 8 (Group ...
The Institute of Chartered Accountants of India (ICAI) has found gross negligence by edtech firm Byju's auditors, ICAI president Ranjeet Kumar Agarwal said on Wednesday. "Our inspection has found gross negligence on accounting practices by individual auditors of Byju's and accordingly we have recommended to the Financial Reporting Review Board (FRRB) to take punitive actions on auditors concerned," Agarwal told news agency PTI. Agarwal said, "The FRRB wil...
The Enforcement Directorate (ED) raided premises linked to Delhi Chief Minister Arvind Kejriwal’s personal secretary Bibhav Kumar, and Aam Aadmi Party (AAP) Rajya Sabha MP, Past President of ICAI Sh.ND Gupta in connection with a money laundering probe related to the Jal Board case. The central probe agency had last month arrested Jagdish Kumar Arora, the former chief engineer of the Delhi Jal Board. The probe agency claims that Arora awarded a contract worth Rs 38 crore to NKG Infrastru...
A bench of justice Bharav D Karia had observed that the activity of a CA includes that of accounting, auditing, refereeing, receivers, arbitrators and special commissioners as prescribed by the ICAI to be carried out on-premises and at places of managing partner may determine The Gujarat high court has ruled that a Chartered Accountancy (CA) firm should be classified as a professional establishment rather than a shop, commercial or retail entity and as a result, its employees are deemed ineli...
Notice Sent to Kumar Vishwas by Advocate (CA) Dr. Suneel Maggo for his Derogatory Remarks against Professionals (Chartered Accountants and Company Secretaries). We had discussed the matter with Advocate Suneel Maggo and the same has been uploaded on the youtube but on the pressure of Kumar Vishwas, Video has been removed 2 times. In his notice to Kumar Vishwas, He asked for Sorry to the Professional else Next Defemation Notice to Kumar Vishwas for his Derogatory Remarks against Chartered A...
Comments