The University Grants Commission (UGC) has resolved that Chartered Accountancy (CA) qualification will now be treated as equivalent to postgraduate degrees. The decision has been made on request of the Institute of Chartered Accountants of India (ICAI). “This will not only help Chartered Accountants for pursuing higher studies, but will also facilitate the mobility of Indian CAs globally,” the institute said.
ICAI CCM Dhiraj Khandelwal tweeted: Based on representation made by ICAI ,UGC approved CA/CS/ ICWA qualification equivalent to post graduation degree. (PDG)...it's a great recognition to our profession.
Based on representation made by ICAI ,UGC approved CA/CS/ ICWA qualification equivalent to post graduation degree. (PDG) . Wow.. it's a great recognition to our profession.
— DHIRAJ KHANDELWAL (@kdhiraj123) March 15, 2021
The ICAI is a statutory body established by an Act of Parliament – the Chartered Accountants Act, 1949 (Act No.XXXVIII of 1949) – for regulating the profession of Chartered Accountancy in the country. Currently, the council has over 3 lakh members associated with it.
The University Grants Commission @ugc_india has resolved that CA Qualification will be treated equivalent to PG Degree based on requests submitted from @theicai. This will not only help CA's for pursuing higher studies but will also facilitate the mobility of Indian CAs globally pic.twitter.com/rYKvCVOD1t
— Institute of Chartered Accountants of India - ICAI (@theicai) March 15, 2021
ICAI is responsible for maintaining the highest standards in CA education.
A student who wants to the profession of Chartered Accountancy, has to enroll for Foundation Course offered by the Institute after appearing in Class 12 examination held by a recognized education board in India.
