Joy Thomas (left), president and CEO of Chartered Professional Accountants of Canada, and Naveen N. D. Gupta, president of the Institute of Chartered Accountants of India with representatives from the Toronto and Vancouver ICAI chapters, at the signing of the Memorandum of Understanding between Canada’s CPAs and India’s CAs in Toronto on November 17, 2018. (Image provided)
The MOU will ensure Canadian qualification standards are upheld while acknowledging equivalency of core knowledge requirements of accounting professionals from both countries. To obtain the Canadian CPA designation, ICAI members will need to take the CPA Canada’s Common Final Examination (CFE). [Learn more about the CFE]
The MOU was officially signed on November 17, 2018 at the CPA Canada headquarters with representatives from the Toronto and Vancouver ICAI chapters in attendance.
Earlier this month, on November 1, a Reciprocal Membership Agreement (RMA) between CPA Canada and the Institute of Chartered Accountants in England and Wales (ICAEW) took effect. Like the MOU with ICAI, the RMA sets forth the criteria for membership to each other’s professional bodies. [What you need to qualify for the ICAEW CA designation]
“These agreements serve the public interest by providing a pathway for our members to take advantage of career opportunities abroad and by helping top finance and accounting talent to become Canadian Chartered Professional Accountants,” says Thomas.
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