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The University Grants Commission (UGC) on Monday announced that students who qualify for the Chartered Accountant (CA), Company Secretary (CS), or Cost and Works Accountant (ICWA) exams will be treated equivalent to postgraduate degree holders.
"The UGC had received requests from the Institute of Chartered Accountants of India (ICAI), the Institute of Company Secretaries of India (ICSI) and the Institute of Cost Accountants of India, to consider the qualification being awarded by them — CA, CS and ICWA, equivalent to postgraduation degrees," the UGC said in an official order.
CA, CS or ICWA qualified persons can also apply for UGC-NET as their degrees will be considered as a Master's degree.
The Company Secretary (CS) degree holder will now get an opportunity to pursue PhD in commerce and allied disciplines. According to ICSI, the course content has been designed to keep pace with the changing dynamics of global governance framework.
"The institute also has a full-fledged academic and research wing that enhances the acumen and expertise of its members and students and encourages them to undertake research in crucial areas like corporate governance, company law, CSR, tax laws, securities laws, capital market, finance, accounting, economic and other commercial laws etc," as per ICSI.
“This will not only help Chartered Accountants for pursuing higher studies, but will also facilitate the mobility of Indian CAs globally," ICAI said. The ICSI said the move will leverage the profession across the globe.
Source: dnaindia.com, livemint.com, indianexpress.com
Written by Siddhant Sharma
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