ICAI Special Exam for Members of Foreign Accounting Bodies under MRA/ MOU (June 2020)

ICAI Special Exam for Members of Foreign Accounting Bodies under MRA/ MOU (June 2020)

ICAI will conduct Special Examination for Members of Foreign Accounting Bodies with whom it has entered into Mutual Recognition Agreement (MRA)/ Memorandum of Understanding (MoU). Accordingly, ICAI has issued guidelines for information of Candidates of Special Examination, scheduled to be conducted from 8th to 12th June 2020.

Candidates of such special examination have been advised by ICAI to carefully read, understand and follow the instructions, while filling in the Form and to retain a copy of the same for future reference. Candidates are also requested to go through the Announcement relating to Special Examinations for candidates under Mutual Recognition Agreement (MRAs) / Memorandum of Understanding (MoU) with Foreign Accounting Bodies hosted at ICAI website.

Special Exam ICAIDescription
Dates of Examination8th, 9th, 10th, 11th & 12th June, 2020
Timings of Examination2.00 P.M. – 5.00 P.M. (IST) with reading time (for question paper) of 15 Minutes
Examination CentreDelhi / New Delhi (INDIA)
Examination FeesThe Examination Fees paid by a Candidate shall not be refunded / adjusted under any circumstances. Candidate who are applying for the second time and onward are required to remit the Examination Fees again
Last date for receipt of application at the Institute’s Headquarters at New Delhi23rd February, 2020
(Application received after 23 rd February, 2020 will not be entertained under any circumstances. Therefore, candidates sending their application by post must send the same at least 3-4 days in advance of the last date and avoid sending it on the last date for receipt of application forms).
Subjects to be cleared by Members of Foreign Accounting Bodies with whom the ICAI had entered into Mutual Recognition Agreement (MRA) / Memorandum of Understanding (MoU)(a) CPA Australia Members are required to pass the following subjects:
(i) Corporate & Allied Laws
(ii) Taxation
(iii) Advanced Auditing and Professional Ethics*
(iv) Financial Reporting**
* Not applicable if they had studied Assurance Services & Auditing (Pre 2010) or Advance Auditing and Assurance (Post 2010) in CPA Program.
** Not applicable if they had studied Financial Reporting & Disclosure (Pre 2010) or Financial Reporting (post 2010) in CPA Program.(b) CPA – Ireland Members are required to pass the following subjects:
(i) Corporate and Allied Laws
(ii) Direct and Indirect Taxes
(iii) Strategic Financial Management*
(iv) Advanced Auditing & Professional Ethics**
* Not applicable if they had studied Strategic Corporate Finance as an elective in CPA examinations.
** Not applicable if they had studied Audit Practice & Assurance Services in CPA examinations.(c) CPA – Canadian Members are required to pass the following papers:
(i) Corporate and Allied Laws
(ii) Taxation

(d) SAICA Members are required to pass the following papers:
(i) Company Law and Allied Laws
(ii) Taxation
(iii) Information Systems Control And Audit

(e) ICAEW Members are required to pass the following subjects:
(i) Auditing and Assurance
(ii) Law
(iii) Ethics and Communication
(iv) Information Technology and Strategic Management
(v) Taxation

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