The Institute of Chartered Accountants of India has entered into a into a mutual recognition agreement (MRA) with the Institute of Certified Public Accountants In Ireland (CPA Ireland). This agreement offers both bodies the opportunity for key strategic partnerships and supports trade opportunities between the two countries by fostering peer to peer relationships. The MRA facilitates global careers opportunities for members of both the Institute of Chartered Accountants of India and Irish certified public accountants, as it provides a route for qualified members to become members of each other Institutes.
The MRA offers CPA Ireland and ICA India the opportunity to work more collaboratively, providing increased levels of service to members, undertaking joint research and thought leadership initiatives on the global stage, and acting as advocates within the International Federation of Accountants (IFAC) and regional accounting networks.
The agreement does not cover those wishing to practice as a public practice accountant and/or to undertake auditing work due to the specific regulatory and legal requirements in each jurisdiction. The MRA comes into effect on 01 October 2010.
The details on the route to become members and relevant forms shall be uploaded shortly in the website of ICAI.