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ICAI Mandates Post-Qualification Work Experience For CoP Of Chartered Accountants

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New Delhi | 3rd June 2022: The Institute of Chartered Accountants of India (ICAI) has notified Draft Notification of the Chartered Accountants (2nd Amendment) Regulations, 2022.

 As per the amended regulations, a person who has completed his practical training under regulation 54AA shall not be entitled to have his name entered in the register of Member until and unless he has fulfilled the additional eligibility criteria as specified by the Council from time to time.

It stated that a member may apply to the Council for a certificate entitling him to practise as a chartered accountant.

“Provided that a person who has been admitted as a member at any point of time shall be eligible for a certificate of practice on completion of one year of post-qualification work experience with a fellow Chartered Accountant in Practice. Provided further that the requirement of one-year post qualification work experience shall not be applicable for a member who has worked for a minimum period of one year with a fellow Chartered Accountant in Practice in the immediately preceding five years before the date of making such application,” it said. 


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TaxGyata Team

TaxGyata Team