Indian chartered accountants recognized globally

Updated on: Monday, June 22, 2009

Chennai: Soon Indian Chartered accountants can practise in Australia and Canada.

In the beginning of next month, the Institute of Chartered Accountants of India (ICAI) will sign a Mutual Recognition Agreement (MRA) with the Institute of Chartered Accountants in Australia and Certified General Accountants of Canada, said president Uttam Prakash Agarwal.

Speaking at the ICAI-Southern Region Convocation-2009 function here on Sunday, he said recently ICAI had signed an MRA with accounting bodies in England & Wales and Australia.

The new MRAs, to be signed in Agra at an international conference organised by the Institute, also enable accountants to seek reciprocal membership in the respective accounting bodies.

Currently, the ICAI is teaching English speaking and accounting skills to 30-40 persons from Oman, Bahrain and Dubai. Shortly, training institutes will be set up in these countries.

This year alone over 500 to 600 chartered accountants were recruited through campus interviews and their average annual salary is Rs.6.91 lakh against Rs.5.75 lakh offered last year, said Mr. Agarwal.

Addressing the convocation function, Law Commission chairman A.R. Lakshmanan said the global recession was felt on various segments of trade in Indian. But, as the Centre was taking adequate steps to reduce the impact, no need to fear about it In all, 119 students from Chennai received the convocation credentials. Justice Mr. Lakshmanan distributed rank certificates.

The convocation for students of Karnataka and Tamil Nadu will be held in Bangalore next week and for those in Andhra Pradesh it will be held in Hyderabad on July 2.

Kalvimalar

Indian chartered accountants recognized globally

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