24 September 2011
CA stands for Chartered Accountant. FCA stands for Fellow Chartered Accountant. ACA stands for Associate Chartered Accountant.
Members of the Institute are known as Chartered Accountants. Becoming a member requires passing the prescribed examinations, three years of practical training (known as articleship) and meeting other requirements under the Act and Regulations. A member of ICAI can use the title CA before their names. A member of ICAI may either be an Associate Chartered Accountant (A.C.A.) or a Fellow Chartered Accountant (F.C.A.) based on his/her experience.
24 September 2011
It is not necessary to became FCA automatically after completion of 5 years of ACA. because ACA may be in service and not a practicing member.
FCA is who had completed the continuance Practice of 5 years after registered as member the of the ICAI.
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