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- Did you know that Indian Chartered Accountants can become a member of CPA Ireland from the comfort of their home?
- CPA Ireland and the Institute of Chartered Accountants of India have a mutual recognition agreement (MRA).
- Because the CPA qualification is highly regarded worldwide, it opens up a wide range of career opportunities.
Irish Government has recently declared that Accounting is a critical skills occupation
Ireland is a beautiful island with a population of over 5 million people.
It has a strong economy and a well-developed financial services sector. According to various sources, almost 125,000 immigrants entered the Republic of Ireland in 2022. The number increased by over 85%, up from 65,200 in 2021.
Ireland is also home to many international companies, such as Facebook, Google, and Microsoft, which can provide opportunities for accountants to work with diverse clients.
It has been a member of the European Union for more than 50 years. Ireland is now the only English-speaking country in the European Union due to Brexit. This has opened a door of opportunities for Ireland.
Ireland houses more than 1700 multinational companies and 430 financial services companies.
However, over the past few years, very few Irish students opted for an Accountancy course. That is why the Irish Government has recently declared that Accounting is a critical skills occupation.
MRA between ICAI and CPA Ireland
The CPA (Certified Public Accountant) is one of the most well-known designations in international accounting. By becoming a CPA, you become part of a global network. There are over one million CPAs, among the world’s two-and-a-half million qualified accountants.
The CPA qualification provides a wide range of career opportunities as it is held in high regard worldwide.
That is why in October 2010, the Institute of Certified Public Accountants in Ireland (CPA Ireland) and the Institute of Chartered Accountants of India (ICAI) signed a mutual recognition agreement (MRA). This agreement was renewed on 5th October 2018.
The MRA allows qualified members of each body to join the other body and enjoy the benefits each organization provides.
The deal will also facilitate global career opportunities for Irish certified public accountants, said the Chief Executive of CPA Ireland.
Pictured left to right – Eamonn Siggins, CEO of CPA Ireland; Cormac Mohan President of CPA Ireland; CA. Naveen N.D. Gupta, President of ICAI India and CA. S.B. Zaware, Central Council Member ICA India.
CPA Ireland overview: To apply for membership in CPA Ireland, students must complete at least three years of relevant training and all 14 examinations. The CPA Qualification will consist of the 3 exam levels, Foundation, Professional & Strategic.
The training areas include:
- Financial Accounting
- Auditing & Statutory Compliance
- Corporate Planning, Control & Treasury Management
- Information & Financial Systems
- General Management
- Taxation
But if you are an Indian CA, you can qualify for certain exemptions. You can become a CPA in Ireland from the comfort of your home.
Yes, you heard that right.
Here’s how you can pursue CPA Ireland after CA:
- Fill up the form for CPA Ireland. (20 Mins)
- Apply for a good standing certificate with ICAI on the SSP portal (10 Mins) *Pre-condition is Your Continuing Professional Education (CPE) is Complete as per ICAI requirement.)
- Pass only three tests; Irish Taxation, Irish Law, and Strategy. (Each test requires 3 to 5 hours of study. You have to write each test within 30 minutes.)
- Avail reference letters from two members of ICAI who have previously worked with you.
- Pay a total fee of 575 EUR (as of 2023).
Submit the documents to the CPA Ireland committee once you have completed the abovementioned process. If they find that the information is in order, they would issue a Membership Number.
It is a credible degree with recognition for attest function (with certain conditions), not only in Ireland but also in the UK, Europe, and a few more countries.
You can check out this webinar on Professional Opportunities for ICAI Members in Ireland – https://lnkd.in/dQhy8qjz
For further information on pursuing CPA Ireland through MRA Route, write to mra@cpaireland.ie
Frequently Asked Questions
Q. Is Indian CA accepted in Ireland?
Yes, the Indian CA qualification is recognized in Ireland. However, having a CPA Ireland certification paves an easy path to various job opportunities in the country.
Q. How can Indian CA Get Job Ireland?
Ireland has declared Accountants as a critical skill occupation. Irish firms and companies are hiring a lot of ex-pat Accountants and Finance Professionals.
You can find a job either by doing a Master’s/MBA in Ireland, Internal Transfer, or by applying for a job from outside of Ireland. The last method can be tricky. Having a CPA Ireland qualification can come in handy.
Q. Can I do CPA Ireland from India?
You Can Become a CPA Without Leaving Home. The entire process is online and can be completed from the comfort of your own home.
Q. How much does a CA earn in Ireland?
A Chartered Accountant in Ireland earns an average of €77,909 gross per year, which is about €6,490 gross per month. The starting salary of a Chartered Accountant in Ireland is around €45,626 gross per year. The highest salary of a Chartered Accountant in Ireland can reach and exceed €185,000 gross per year.
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I am an Indian Chartered Accountant with 42 years post qualification experience. My age is 66+ but quite active and fit to work. Worked with Indianoil for 33 years and after superannuation, worked with Haldia Petrochemicals Ltd, 2nd largest Petrochemical Company in India. As my son, an orthopaedic Surgeon having passes MRCS from Royal College of London, has joined one of the biggest Hospitals in Birmingham, under NHS. Therefore, i would like to get relocated in that part of the world for obvious reasons. Please let me know what exams i have to pass through and whether considering my age , i stand to get a chance to relocate myself.