Conferring illegal chartered status

Arrangements are being made to confer Chartered status to 140 candidates by the Association of Public Finance Accountants, the designation of Chartered Public Finance Accountants and a grand function is going to be held at the Institute of Chartered Accountants.

The Charter status is to be conferred by this Association of Public Finance (APFA) recently placed under the Institute of Chartered Accountants. The APFA does not conduct Examination in Public Finance or any examination equal to the Chartered Accountant status. Random selection of candidates having APFA qualification and having post graduate or MBA have been considered to confer this status.

This designation is illegally conferred by an Association under the Chartered Institute (which only has the Chartered status) and that too considering qualifications other than Public Finance Qualification and the required Public Finance Experience.

This conferring must be immediately stopped or other professional institutes will also follow the same procedure.

Concerned Accountant