Quick Summary
STANDING COMMITTEE ON FINANCE (2021-2022) SEVENTEENTH LOK SABHA THE CHARTERED ACCOUNTANTS, THE COST AND WORKS ACCOUNTANTS AND THE COMPANY SECRETARIES (AMENDMENT) BILL, 2021 (MINISTRY OF CORPORATE AFFAIRS) FORTY-FIFTH REPORT LOK SABHA SECRETARIAT NEW DELHI March, 20221 Chaitra, 1944 (Saka) 3.35 On the above issue, an independent witness submitted the following suggestion: Establishment of Indian Institutes of Accounting This proposal is for establishing a string of Indian I
Daily Limit Reached
You have reached your daily limit of 2 Free News
Subscribe to CCI PRO for unlimited access
Why Upgrade to CCI PRO?
- No Ads
- WhatsApp Community
- Daily E-Newsletter
- Unlimited News Access
- Profile Visitors
- Link Social Profiles
- Featured Job Posts
- Pro Badge
- Expert GST Guidance
- Unlimited Forum Replies
- Download Content in PDF
1 Year PLAN - Rs.1999
1799
(Excl. of GST ₹323)
2 Years PLAN - Rs.3499
3149
(Excl. of GST ₹566)
BEST VALUE
3 Years PLAN - Rs.4999
4499
(Excl. of GST ₹809)
View all CCI PRO benefits
Already a PRO member? Login here for an ad-free experience. 07941056694
FAQ :
The proposed new body is called the Indian Institute of Accounting (IIA).
The main goal is to raise the standards of accounting education and offer competition to the Institute of Chartered Accountants of India.
The IIAs will be statutory bodies established by a Central law, similar to IITs and IIMs.
Initially, IIAs will offer a five-year undergraduate programme in accounting, followed by postgraduate programmes in specialized areas and eventually PhD programmes.
Graduates who qualify will be called Certified Professional Accountants (CPAs) and will be given a licence to practise.
Licence holders will be required to register with a Central Licensing Authority, such as NFRA, which will handle disciplinary matters.
CAclubindia
