Ireland's Invitation to Indian Chartered Accountants for CPA

Ireland's invitation to Chartered Accountants

2/21/20243 min read

Ireland, with its vibrant economy and diverse job market, presents an array of exciting employment opportunities for Chartered Accountants (CAs). Whether you are an experienced professional or a fresh graduate, this beautiful country offers an enticing landscape for career growth and personal development.

One of the key attractions of Ireland is its thriving Indian community. With a strong presence of Indian professionals and a supportive network, CAs can easily find a sense of belonging and community while pursuing their career goals. This not only provides a familiar environment but also opens up avenues for networking and collaboration within the community.

For members of the Institute of Chartered Accountants of India (ICAI), there is a clear pathway to becoming a Certified Public Accountant (CPA) in Ireland through a Mutual Recognition Agreement (MRA). This agreement recognizes the professional qualifications of ICAI members and allows them to seamlessly transition into the CPA Ireland membership. This not only adds credibility to their profile but also enhances their career prospects in the Irish job market.

It is highly recommended for ICAI members to become CPAs while exploring the job opportunities in Ireland. By obtaining the CPA qualification, they demonstrate their commitment and intent to excel in their field. This sets them apart from other candidates and adds value to their curriculum vitae (CV). Employers in Ireland recognize the significance of the CPA qualification and consider it as a valuable asset in their recruitment process.

When it comes to remuneration, Ireland offers competitive salaries for CPAs. According to payscale, the average annual salary for CPAs in Ireland is equivalent to INR 28.38 Lakhs. This attractive compensation package, coupled with the excellent work-life balance and quality of life in Ireland, makes it an ideal destination for Chartered Accountants seeking new horizons.

The Institute of Certified Public Accountants in Ireland (CPA Ireland) and the Institute of Chartered Accountants India (ICA India), entered into a mutual recognition agreement (MRA) in October 2010. This agreement was renewed on Friday 5th October, 2018 in the offices of CPA Ireland. The agreement offers qualified members of each body to become a member of the other body, and to enjoy the benefits which each organisation offers.

You Can Become a CPA Without Leaving Home
CPA is one of the best known international accounting designations and Irish professional qualifications are held in high regard worldwide. By becoming a CPA you are joining a global network. Out of some two and a half million qualified accountants worldwide, one million plus are CPAs. The entire process is all online and can be completed from the comfort of your own home.

Member Benefits, Discounts and Professional Services
CPA Ireland provides members with a variety of benefits, discounts and professional services. The full range includes financial, health, publication, lifestyle, technical and professional benefits. Professional and technical resources will enable you to remain up to date and at the leading edge of your profession.

Estimated expenses INR 1 lakh or rather an investment for better future

Terms & Conditions
An ICAI member seeking admission to CPA Ireland should:
Be a holder of a recognised degree, or Have at least five years’ work experience, and have successfully completed: The ICAI examinations The ICAI Practical experience requirements Any other requirement as may be prescribed by ICAI from time to time, and
Be a member in Good standing and not currently subject to any disciplinary sanctions or investigations and have not been subject to any disciplinary sanctions in the past five years

CPA Ireland is not obliged to admit as its Member any Member of ICAI who:
(a) is a Member of ICAI by virtue of an MRA or any other mutual recognition arrangement with another professional body;
(b) is the subject of a current investigation into his or her professional conduct;
(c) has been subject to any disciplinary sanctions within the five years prior to their application.
MRA FAQs You can join CPA in 4 steps:
Step 1 Email PDF copies of all relevant documentation below to MRA Team Ireland
1. ICA India Letter of Goodstanding
2 Professional written letters of reference.
3. ID (Passport or Driving Licence)
4. ICA India Membership Certificate
Step 2. Complete and pass three online courses (available at €125 each) Overview of Irish Taxation Overview of Irish Law Strategy.
Once you have completed steps 1 and 2 above, you can then complete steps 3 and 4.
Step 3. Complete the Online MRA Application form
Step 4. Pay the Administration Fee of €200

Ireland presents a wealth of employment opportunities for Chartered Accountants. With its thriving economy, strong Indian community, and recognition of ICAI qualifications, it offers a promising career path for CAs. By becoming CPAs and leveraging our expertise in CV tailoring, candidates can enhance their prospects and make a successful transition to the Irish job market. So, seize this invitation and embark on a rewarding professional journey in Ireland.

Furthering Your Studies as a Chartered Accountant: Global Opportunities