A landmark agreement is due to be signed by the Institute of Chartered Accountants of Sri Lanka (CA Sri Lanka) and the Institute of Chartered Accountants in England and Wales (ICAEW) tomorrow, to provide a new pathway for students of CA Sri Lanka.
The agreement provides a path to CA Sri Lanka students to obtain membership of ICAEW - as well as the membership of CA Sri Lanka simultaneously.
The extended Memorandum of Understanding (MoU) will provide an opportunity for the CA Sri Lanka students to obtain membership from ICAEW, by completing just three subjects as per the ICAEW curriculum instead of three subjects of the CA Sri Lanka Curriculum. Therefore, students who choose to embark on this exclusive pathway, will not only obtain the global qualification from ICAEW but they will also earn the locally reputed qualification from CA Sri Lanka, which will strengthen their standing as Chartered Accountants across the international accounting fraternity.
ICAEW was set up nearly 140 years ago in 1880 and has over 181,000 members and students across 148 countries.
Aspiring Chartered Accountants of CA Sri Lanka can sit for the Corporate Reporting, Strategic Business Management subjects and the Case Study of ICAEW examinations to obtain dual membership from both CA Sri Lanka and ICAEW. Students of CA Sri Lanka are entitled to Credits for Prior Leaning (CPL) on all other subjects of ICAEW.
ICAEW will also offer a waiver from the registration fees to students who register with ICAEW through the new dual membership pathway together with reduced joint membership fee. CA Sri Lanka will also award scholarships to several high achieving CA students who plan to embark on this pathway at the MoU signing ceremony.