New pathway – dual membership for CA Sri Lanka students

Friday, 13 December 2019 00:00 - - {{hitsCtrl.values.hits}}

A landmark agreement is scheduled to be signed on 16 December to provide a new pathway to students of CA Sri Lanka, together with the Institute of Chartered Accountants in England and Wales (ICAEW).

The agreement gives CA students the opportunity to simultaneously obtain the membership of the most prestigious professional accounting organisation in the world, the ICAEW, as well as the membership of the Institute of Chartered Accountants of Sri Lanka (CA Sri Lanka).

The extended Memorandum of Understanding (MoU) will provide a unique opportunity for CA Sri Lanka students to obtain membership from ICAEW by completing just three subjects as per the ICAEW curriculum, instead of three subjects of the CA Sri Lanka Curriculum. Obtaining both the global qualification from ICAEW and the local one from CA Sri Lanka will strengthen their standing as Chartered Accountants across the international accounting fraternity.

ICAEW was established nearly 140 years ago in 1880 and has over 181,000 members and students across 148 countries.

Accordingly, aspiring Chartered Accountants of CA Sri Lanka can sit for the Corporate Reporting, Strategic Business Management subjects and the Case Study of ICAEW examinations to obtain dual membership from both CA Sri Lanka and ICAEW. Students of CA Sri Lanka are entitled to Credits for Prior Leaning (CPL) on all other subjects of ICAEW.

As part of the strategic alliance between both professional organisations, ICAEW will also offer a waiver for registration fees to students who register with ICAEW through the new dual membership pathway, together with reduced joint membership fee.

At the MoU signing ceremony, CA Sri Lanka will also award scholarships to several high achieving CA students who intend to embark on this pathway.