How can an Indian CA get Canadian CPA?

How can an Indian CA get Canadian CPA?

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Created By Admin Last Updated Mon, 20-Jul-2020

How can an Indian CA get Canadian CPA?

CPA Canada has recently signed the Memorandum of Understanding (MOU) on Reciprocal Membership Arrangement with the Institute of Chartered Accountants of India (ICAI) on behalf of the CPA provincial and territorial bodies and the Chartered Professional Accountants of Bermuda. If a person is a fully qualified ICAI member in good standing (obtained membership through completion of the accounting body’s qualification process and not through a recognition agreement with another accountancy body), and obtained his/her designation while not a resident of Canada, he/she may have rights to advanced standing in the CPA certification program through the MOU.

It is to be noted that MOU pathways generally lead to certification only. The right to practice public accounting may require additional examination and/or experience requirements. For more information, please contact the CPA body located in the province in which you reside, or plan to reside. You can also contact a provincial/regional CPA body to view the MOU.

Direct registration for ICAI members

ICAI members seeking their Canadian CPA designation under this agreement are:

• exempted from all CPA Professional Education Program (CPA PEP) modules, but are strongly encouraged to complete Capstone 1 and Capstone 2 (completion of these modules is not mandatory)

• required to pass the Common Final Examination

Work Experience requirement

Evaluation of experience for certification is assessed by post qualification experience as an ICAI member. All members with:

• more than 5 years of post-qualification experience and without any university degree are exempt from assessment of the experience

• more than two years of post-qualification experience and a recognized degree are exempt from assessment of the experience

Applicants with less than specified post-qualification experience will be subject to a review of their practical experience obtained pre- and post-qualification.

All relevant experience must have been gained as a member or student of the Institute of Chartered Accountants of India.