New Delhi: Qualified Chartered Accountants (CA), Company Secretaries (CS), or Cost and Works Accountants (ICWA) will now be treated as postgraduate degree holders, as per an official order from the University Grants Commission (UGC).
“The UGC had received requests from the Institute of Chartered Accountants of India (ICAI), the Institute of Company Secretaries of India (ICSI) and the Institute of Cost Accountants of India, to consider the qualification being awarded by them — CA, CS and ICWA, equivalent to post-graduation degrees,” read the UGC official order.
“To consider this, a committee was constituted by the UGC. The commission considered recommendation of the expert committee and resolved that CA, CS and ICWA qualification be considered equivalent to PG degrees,” the order added.
The ICAI welcomed the move on Twitter. “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 CAs for pursuing higher studies but will also facilitate the mobility of Indian CAs globally,” ICAI tweeted.
According to the ICSI, the UGC move will leverage the profession across the globe. “This recognition will leverage the company secretary profession across the globe, giving the members of the institute an opportunity to pursue PhD in Commerce and Allied Disciplines,” ICSI said via a release.