ICAI, CPA Australia to mutually recognize CAs
New Delhi: The Institute of Chartered Accountants of India (ICAI) and CPA Australia Ltd. have signed a Mutual Recognition Agreement (MRA) to recognize the qualification, training of each other and admit the members in good standing by prescribing a bridging mechanism. President of ICAI, Mr. Ved Jain, said "The instant MRA with CPA Australia by ICAI is a step forward in increased mobility to professionals at either end and would herald a new dimension for businesses globally." Mr. Jain further said, "It also puts the two accountancy professions from India and Australia on global radar to play the leadership role in addressing new challenges before profession." "A landmark agreement between CPA Australia and ICAI highlights the increasingly global nature of the accounting profession", said Alex Malley, President of CPA Australia Ltd. As per the MRA, members of ICAI who are graduates will be eligible for CPA Australia membership on passing one paper on Busine...