Release on MoU signed between ICAI & GJUS&T

January 19, 2009 The Institute of Chartered Accountants of India (ICAI) set-up by an Act of Parliament viz. The Chartered Accountant Act, 1949 to regulate the profession of Chartered Accountancy is one of the largest and prominent accounting bodies worldwide. It has been taking various proactive measures from time to time, aligned with the changing facets of the Indian economy, for continuously raising the standard of quality of accounting and financial reporting. The quality of education and the standards of examination of the Institute are acknowledged to be the best in the world.   The ICAI has been focusing on the qualification of ‘Chartered Accountant’, which is accorded after a rigorous curriculum involving theoretical education and practical training for a period of 3 ½ years. Considering the increasing number of Students opting for the Chartered Accountancy course as a result of its wide scope and acceptability , the Institute is committed to offer value added professional inputs to its members in general and students in particular, from time to time. With this objective of offering an additional dimension, ICAI has initiated and finalized MOUs with different Universities by offering value-added course curriculum, which has the recognition of the industry and has the requisite market orientation. This would enable and equip the members and students of ICAI to acquire the managerial skills and abilities in various fields.   The Institute today signed an MoU with Guru Jambheshwar University Of Science And Technology (GJUS&T), Hisar which is a State University (Established by State Legislature Act 17 of 1995) with a view to democratize education, disseminate knowledge through novel techniques and methodologies for the benefit of large sections of society, specially the weaker and disadvantaged groups of the society. The University offers a wide range of programmes. GJUS&T is the first Technical University of India which has earned ‘A’ grade from National Accredition & Assessment Council within a record short span of its existence.   This MOU would enable the CA students and members to get BBA, MBA and Ph.D degrees. The Syllabi of these courses has been specially designed jointly by the Institute and Guru Jambheshwar University Of Science And Technology (GJUS&T) keeping in view the current challenging professional scenario as a result of rampantly changing global situation. To facilitate the collaborative learning process, a student admitted in the first stage of chartered accountancy after passing 10+2 standard examination and entry level test of the Chartered Accountancy shall be admitted to special BBA degree Course. Also, a student admitted in the Final stage of chartered accountancy shall be admitted to special MBA degree Course provided such student is a graduate. To promote research in the area of Commerce and Management, a candidate who has passed Final examination of the Chartered Accountancy Course of ICAI shall be eligible to get registered for PhD course with the HSB, GJUS&T.   This is a unique and landmark achievement in the field of accounting and management in India. In times to come, Chartered Accountants will play a vital role in the industry whether in employment or in practice, and occupy prominent positions in every aspect of the economic life of the country.