CPA Canada has finalized the Memorandum of Understanding (MOU) on Reciprocal Membership Arrangement with the Institute of Chartered Accountants of India (ICAI) on behalf of the CPA provincial and territorial bodies and the Chartered Professional Accountants of Bermuda. If you are a fully qualified ICAI member in good standing (obtained a membership through completion of the accounting body’s qualification process and not through a recognition agreement with another accountancy body), and you obtained your designation while not a resident of Canada, you may have rights to advanced standing in the CPA certification program through the MOU. Please note that MOU pathways generally lead to certification only. The right to practice public accounting may require additional examination and/or experience requirements. For more information, please contact the CPA body located in the province in which you reside, or plan to reside. You can also contact a provincial/regional CPA body to view the MOU. Education and examination ICAI members seeking their Canadian CPA designation under this agreement are: exempted from all CPA Professional Education Program (CPA PEP) modules, but are strongly encouraged to complete Capstone 1 and Capstone 2 (completion of these modules is not mandatory) required to pass the Common Final Examination Experience Assessment of experience for certification is determined by post qualification experience as an ICAI member. All members with: more than five years of post-qualification experience and no recognized university degree are exempt from assessment of experience more than two years of post- qualification experience and a recognized degree are exempt from assessment of experience Applicants with less than specified post-qualification experience will be subject to a review of their practical experience obtained pre- and post-qualification. All relevant experience must have been gained as a member or student of the Institute of Chartered Accountants of India. For more information, please contact the provincial CPA body located in the province in which you reside, or plan to reside.