July, 28th 2012
The Institute of Chartered Accountants England and
Wales (ICAEW) has announced the launch of 120 fully-funded scholarships -
40 each in Pune, Mumbai and Delhi - for full-time members of the
Institute of Chartered Accountants in India (ICAI) to undertake an
advanced professional skill development course.
"The select
scholarship-holders will undertake the 16-day part-time training spread
over a period of four months between July and October, to appear in two
exams in November and another one in July next year. Completion of the
course and exams will lead to a full membership of the ICAEW, which is a
global accounting alliance of CA bodies from seven countries," said
Vandana Saxena Poria, chief executive officer of Get Through Guides
(GTG), which is the only accredited training partner of the ICAEW and
the ICAI. "The scholarships, each valued at Rs 1.50 lakh, come as part
of a memorandum of understanding signed between ICAI and ICAEW in 2008
for mutual recognition and enhancement of professional skills and
competencies," said Dilip Apte, regional council member of the ICAI's
western regional council and general manager of corporate relations at
HDFC.
Addressing a news conference, Poria said, "We have
already admitted 60 CA professional employees nominated by the ICAEW's
anchor partners and corporate associates in India and the scholarship
now opens for individual CA practitioners. The idea is to add value to
the know-how that professional CAs have, by making them familiar with
the changing business dynamics at the global level and teaching them to
assimilate information and arrive at decisions that make businesses
succeed."
Poria said, "It has long been known that ICAI is
technically one of the most challenging chartered qualifications
globally. ICAEW's strength is that in the final level, candidates are
expected to sort through data, taking unstructured information and come
up with recommendations for solving business problems."
She said,
"Ideally the applicants for the course are expected to be less than 35
years or those who have passed CA in the first attempt at the final
stage. They also need to answer two questions about why they want to do
the programme, which should bring out leadership qualities and good
management skills.
While information about enrolment process has
been posted on GTG website: www.GetThroughGuides.co.in/ICAEWABOUT ICAEW,
the applications close on July 5.