CURRENT AFFAIRS

Detailed explanation-1: -The Institute of Cost Accountants of India and The Association of Chartered Certified Accountants (ACCA), UK signed a Memorandum of Understanding on 9th August, 2021 to work together towards co-operation in respect of professional training, education and examinations.

Detailed explanation-2: -As an ACCA, you do not have signing authority in India, and hence cannot sign audit reports and practice audit by setting up your own firm in India. However, there is no restriction to work in any Audit firm including Big4, Accountancy and Finance field in MNCs and other companies in India.

Detailed explanation-3: -The ACCA Qualification is broadly equivalent to UK university degree standard when you complete the Applied Knowledge and Applied Skills exams. When you complete the Strategic Professional exams, it is equivalent to a UK university Master’s degree.

Detailed explanation-4: -Yes, you can certainly continue your studies towards the ACCA Qualification while you are residing in the UK.

Detailed explanation-5: -ACCA works through a network of over 110 offices and centres in 51 countries - with 346 Approved Learning Partners (ALP) and more than 7, 600 Approved Employers worldwide, who provide employee development.