ICAI seeks post-graduation status for CA qualification

Besides, the CA-intermediate programme should be accorded the graduation degree status, the grouping said in a release on Monday.

In this regard, the Institute of Chartered Accountants of India (ICAI) has recently written a letter to the corporate affairs ministry.

The institute has sought the ministry's "intervention in designating chartered accountancy qualification as equivalent to post graduation and CA-intermediate to be treated equivalent to graduate degree in the university education system," the release said.

According to the release, the Association of Indian Universities (AIU), back in 1984, had recognised chartered accountancy along with graduation to be equivalent to a post graduate degree in commerce or allied disciplines for the purpose of registration to PhD programme.

"101 Indian universities, 6 IIMs and 2 IITs have recognised chartered accountancy qualification for the specific purpose of registration to PhD programme," it added.

The Institute of Chartered Accountants of India was established under the Chartered Accountants Act, 1949 passed by the Parliament of India with the objective of regulating accountancy profession in India. ICAI is the second largest professional accounting body in the world.