The University Grants Commission (UGC) has granted postgraduate level degree status to three professional commerce and accounting courses – Chartered Accounted (CA), Company Secretary (CS), and Institute of Cost and Works Accountants of India (ICWA). The UGC granted degree status after it received a request from the three professional bodies running these courses.
The ICAI is a statutory body established by an act of parliament – the Chartered Accountants act 1949 for regulating the profession of Chartered Accountancy in the country. Currently, the council has over 3 lakh members associated with it.
ICAI CCM Dhiraj Khandelwal gave the notification regarding UGC approved CA/CS/ICWA qualification equivalent to PG degree.
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
To respond to the request made by the ICAI, the UGC had formed a committee that submitted its report in February this year. Based on that report, the UGC accorded PG degree level status to CA, CS, and ICWA.
The CA course is conducted by the Institute of Chartered Accountants of India (ICAI), the CS course is offered by the institute of company secretary of India (ICSI); and the Cost and Work Accountancy (ICWA) one by the Institute of Cost and Works Accountants of India (ICWAI).
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
As per a statement by the ICAI, the UGC has resolved that CA qualification will be treated equivalent to PG degree based on request submitted from the ICAI. “this will not only help CA’s pursue higher studies but will also facilitate the mobility of Indian CAs globally.
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