The Institute of Chartered Accountants of India (ICAI) has always strived for academic and professional excellence for its key stakeholders — students and members. With the aim of expanding the opportunities for professionals in foreign jurisdictions, the Institute had engaged UK NARIC (The National Recognition Information Centre for the United Kingdom), a renowned UK national agency responsible for providing information and expert opinion on qualifications and skills worldwide to conduct an independent benchmarking study, evaluating the comparability of the ICAI Intermediate and Final level in the context of the UK and UAE education systems.
Speaking on the UK NARIC benchmarking, CA Prafulla P Chhajed, President ICAI, said, “The benchmarking of the CA qualification is comparable to RQF Level 7, Master’s degree standard. It would not only strengthen the position of ICAI members but would also help aspiring CAs, corporates to gain a better understanding on the relevance and standing of the CA qualification.”
He further added that ICAI members are facing difficulty in settling abroad. This evaluation would help them in deciding the stage of a professional qualification for ICAI members because now they know that they not only possess a professional qualification of relevance but a qualification that is comparable to RQF Level 7.
