The Institute of Chartered Accountants of India and The Institute of Chartered Accountants of Australia and New Zealand have a qualification reciprocity arrangement which has worked very well in building up relationship between the two Accountancy organizations for benefit of its members. The Institute of Chartered Accountants in Australia has undergone a restructuring with the formation of “Chartered Accountants, Australia and New Zealand” and in the process has evolved as one Institute, representing Australia and New Zealand.
On the sidelines of the International Conference concluded on August 9’15 that was organized by ICAI, both accounting bodies i.e. ICAI and Chartered Accountants of Australia and New Zealand entered in a joint declaration.
Through this joint declaration, both ICAI and Chartered Accountants, Australia and New Zealand dedicate to renew their existing MoU, which is due for renewal (post June, 2015) for augmenting and strengthening the existing relationship by following necessary due compliance.
During this interim period, members are allowed to use existing MRA for gaining membership of each other bodies.