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CA Maldives opens applications for membership

Shahudha Mohamed
27 January 2021, MVT 09:10
The Institute of Chartered Accountants of Maldives (ICAM) issued its membership and licensing regulations on December 9, 2020. PHOTO/ICAM
Shahudha Mohamed
27 January 2021, MVT 09:10

The Institute of Chartered Accountants of the Maldives, on Wednesday, announced that it is currently accepting applications for its membership as an associate and fellow members.

CA Maldives, the country's professional accounting body, was established in September 2020 to develop and regulate the accountancy profession.

According to CA Maldives, to apply for Associate Membership, the individual must be a member in good standing of an IFAC member body, recognised by the Institute, in addition to meeting the general eligibility criteria.

Furthermore, to apply for Fellow Membership, the individual must be a member in good standing of an IFAC member body recognised by the Institute in addition to meeting the general eligibility criteria and has worked in public practice or, in commerce industry, or as a lecturer at an institution of higher education or, as an accountant in business for a period of at least five years.

Given the COVID-19 pandemic, the CA Maldives council has decided to waive the admission fee of members, which is MVR 2,500 for the year 2021. However, all members will be subject to an annual subscription of MVR 2,500 upon admission.

As membership is required to apply for Statutory Audit Licenses, the authority encourages applicants to apply as early as possible.

To apply for the membership, applicants have to register via www.camaldives.org

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