Page 40 - DCICAI SOUVENIR 2018

Chartered Accountants in Australia (ICAA) and United States of America - Through AICPA
with Certified Practicing Accountants (CPA)
Australia so that the Indian CA is recognized in America is another favorable destinations
Australia through principles of reciprocity. for Indian CA’s. ICAI is working towards
The ICAA, with 62,000 members, represents working with AICPA – The American Institute
Chartered Accountants in Australia while the of Certified Public Accountants which is the
CPA in Australia is one of the world’s largest largest accounting body of the world for mutual
accounting bodies with a membership of more recognition.
than 150,000 finance, accounting and business
professionals in 121 countries across the globe. Way Forward for the Profession looks
Australia attracts lot of Indian CA’s because exciting
of excellent pay packages in the Banking,
Pension and Insurance sectors, challenging So with all these changes and challenges, the
work atmosphere and luxurious lifestyle but the CA profession has a great future. Society is
individual income tax rates are quite steep. demanding more transparency; financial and
non-financial information is considered a social
SAARC Countries good, companies need someone to provide
assurance to increase trust in their financials ;
Indian CA’s have a strong presence in the and regulation and decision-making processes
SAARC Region and we find that many Indian are more complex, so more independent and
CA’s working in Nepal, Bangladesh, Pakistan, qualified people will be needed.
Srilanka and Bhutan are highly successful. ICAI
closely works with the Institute of Chartered The current generation of CA’s need to adapt to
Accountants of Nepal (ICAN), Institute of changes happening around the globe and the
Chartered Accountants of Pakistan (ICAP) opportunities for the profession looks attractive
and the Institute of Chartered Accountants and exciting.
of Bangladesh and Institute of Chartered
Accountants of Srilanka and has initiated
discussions with them for MoUs on knowledge
sharing and mutual recognitions.

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