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Saumya.Srivastava|Apr 16, 2021
NEW DELHI: The University Grants Commission (UGC) has granted postgraduate level degree status to three professional commerce and accounting courses -- CA, CS and ICWA. The UGC granted degree status after it received a request from the three professional bodies running these courses.
The chartered accountancy (CA) course is run by the Institute of Chartered Accountants of India (ICAI); the company secretaryship (CS) course is offered by the Institute of Company Secretaries of India (ICSI); and the cost and work accountancy (ICWA) one by the Institute of Cost and Works Accountants of India (ICWAI).
As per a statement by the ICAI, the UGC has resolved that CA qualification will be treated equivalent to PG degree based on requests submitted from the ICAI. “This will not only help CA’s pursue higher studies but will also facilitate the mobility of Indian CAs globally,” said a post on its official social media account.
To consider the request made by the ICAI, the UGC had formed a committee that submitted its report in February this year. Based on that report, the UGC accorded PG degree level status to CA, CS and ICWA.
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