MRA between ICAI and IMA is to ensure their mutual recognition, and combined growth. That is the reason for the clause you are talking about.
As per the clause, you are not eligible to make use of MRA. You can be eligible to make use of MRA iff your address provided in IMA membership is outside India and the Pro-metric Centre opt outside India. Though IMA does not care to verify your address provided in, it is ethically a violation.
But I don't see any advantage of complicating yourself with the idea of IMA's CMA and apply MRA for ICAI's CMA.
If you want to practice in India with the scope to work in US,
my personal advise is to go for different application, appear exams for both independently and get certified separately as you are living in India.
If you want to practice in India with the scope to work outside India other than US, apply for Indian CMA and obtain the CMA of US through MRA.
IMA's CMA is globally well recognized not just US. IMA's CMA is to Certify Management Accountant and not going to provide any license for auditing in US or in any other country.
In other hand ICAI's CMA much more recognized in India as you will be getting license to audit as well.CMA obtained through MRA will not get you licence to practice.
Hope this answer your question.
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HM Maruff
Analyst
FBJ Enterprises
Doha
Qatar
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Original Message:
Sent: 04-10-2013 03:30 AM
From: RAHUL DAVE
Subject: Membership of The Institute of Cost Accountants of India
Sir,
I want to clarification regarding following terms mentioned on the website of ICWIA regarding Procedure for CMA Certified Members of IMA USA to get Membership/Renewal of Membership of The Institute of Cost Accountants of India
"Please ensure that you have completed and acquired IMA qualification from a place other than India. For this purpose, it is to be ensured that the entire course of IMA, USA as well as examination should be pursued from outside India"
In the context of the above condition whether I eligible for the enrolling as a member of The Institute of Cost Accountants of India if :
I am presently residing in India and I will appeared in exam of CMA from any country (other than India.)
could please explain what the above terms means in details?
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RAHUL DAVE
Accountant
VADODARA
India
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