1. Chartered Accountant Members, and
2. Registered Auditor Members

Eligibility for Membership

1. For Registered Auditor (RA ) Members :
 
Those who have received license before Asadh 32 2059 (July 16, 2002) from the Office of the Auditor General under Auditor Act, 2031 (1974)and have registered with the institute before 2059 Paush 30 ( January 14, 2003)  has been granted Registered Auditor Membership of the Institute.

The Auditors' Act, 2031 (1974) has been repealed with effect from Shrawan 1, 2059 (July 17, 2002), and the Nepal Chartered Accountants (with amendment) Act, 1997 does not permit further issue of RA Membership.

There are three categories of Registered Auditor Members, viz.; "B", "C" and "D" and are allowed to carry out audit of the specified amounts.

2. For Chartered Accountant Member:

Following are the criteria for granting Chartered Accountant Membership:

a) Those who have passed the Chartered Accountancy Course from The Institute of Chartered Accountant of Nepal ( ICAN) :

i. Passed the Final level Examination.
ii. Completed three years of Articleship Training

b) Those who have passed the Chartered Accountancy Course from The Institute of Chartered Accountant of India ( ICAI) :

i. Passed the Final Level education
ii. Must have received Practical Training as prescribed by ICAI
iii. The Applicant possesses membership certificate and Certificate of Practice issued by ICAI.

A person fulfilling above criteria shall apply for membership and pass the Chartered Accountant Membership Examination conducted by ICAN. There are three papers on Commercial Laws, Direct Taxes and Indirect Taxes for the examination.

c) Those who have passed from foreign Institute other than The Institute of Chartered Accountant of India ( ICAI) :

i. Must have passed the Chartered accountancy or equivalent Course from other foreign accounting bodies as recognized by the Institute
ii. Must have received at least 3 years Practical Training as prescribed by the Concerned Institute
iii. The Applicant must possess membership certificate and Certificate of Practice valid for the country where the concerned professional accounting body is registered.

A person fulfilling above criteria shall apply for membership and pass the Chartered Accountant Membership Examination conducted by ICAN. Papers on which the examination will be conducted depend on the review of the syllabus of the concerned Institute.

3. For Fellow Chartered Accountant Membership :

A chartered accountant member having Certificate of Practice with five years' of experience can apply for FCA membership by paying applicable fees.

DISQUALIFICATION TO APPLY FOR THE MEMBERSHIP

Disqualifications for Membership Registration:

The following person shall not be deemed to be qualified to be enrolled as Member of the Institute:-

• One who has not attained the age of twenty-one years,
• One who has become insolvent being unable to settle up the debt of creditors,
• One who has been convicted by the court in a criminal offense involving moral turpitude,
• One who is insane 

PROCEDURE

Procedure of Granting Chartered Accountancy Membership

1. Those who have passed Chartered Accountancy Final Examination from ICAN can apply for CA membership with the application form as per Annexure 21 of the Rules along with fees of Rs.5,200/-( Registration Fee Rs.3,000/- and yearly membership fees of Rs.2,200/-) as prescribed in Annexure 4.
2. Those who have passed Chartered Accountancy Final Examination from ICAI can apply for the CA Membership Examination with the application form as prescribed in Annexure 22 (Form Rs.100/- and Examination fee of Rs.2,000/- per paper for three papers).
3. Those who have passed Chartered Accountancy Final Examination from foreign Institution other than ICAI, in such case Institute will review the syllabus and the applicant shall be informed about the subjects h/she will require to appear at least 2 months before the conduction of examination.
4. Those who have not completed the said 3 years of Articleship should complete the prescribed period of Articleship before submitting the form.
   
   Documents to be submitted along with the application
   Along with application form the following documents should be submitted in order and with duly attested by Chartered Accountant member of ICAN or ICAN officers/ Government officers.
   a) CA Final Certificate and Mark sheet
   b) CA Intermediate Certificate and Mark sheet
   c) Certificate and Mark sheet of Academic qualification
   d) CA Foundation Certificate and Mark sheet
   e) Academic Certificate and Mark sheet
   f) Articleship Completion Certificate
   g) Membership Certificate
   h) Certificate of Practice
   i) Post Qualification Training (Final Competence Test) Certificate, like GMCS in the case of ICAI.
   j) Citizenship Certificate
   k) Pass Port Size photographs- 3 Copies
   l) Recent Curriculum Vitae
   
   
5. After review of the submitted documents, the council shall decide on the application filed in accordance with Rule 40 or 43 within 30 days of its submission.
6.  While assessing subjects, if found necessary ICAN may demand details and documentary evidences from the applicant and it shall be the duty of the applicant to submit concerned details and documentary evidences if called for.
7.  After receiving all the required and complete documents and if the applicant has fulfilled the criteria to appear for the examination then the member department will send a memo to the Examination Department for further processing. 
8. Upon passing all the papers of the examination, his/her application for membership is forwarded to Executive Committee for grant of membership.
9. After approval form the Executive Committee to grant membership a memo shall be forwarded as per annexure 25 to the Executive Director for approval to prepare the Chartered Accountant membership Certificate.

Upgrading criteria of COP for Registered Auditors:

As per Rule 54 of the Nepal Chartered Accountants Regulations the members can upgrade their COP from C to B and D to C under the following criteria:-

i. A registered auditor member holding Certificate of Practice of Class C can be upgraded to registered auditor member holding Certificate of Practice of class B under the following conditions:

(a) If he/she has performed auditing or internal auditing of an institution registered in Nepal having transactions of more than one crore at least in 5 fiscal years during the period of last 10 years accomplishing graduation in Commerce, Business administration or Management or post-graduation with Accounts as the major subject in Public administration or Economics, Statistics or Mathematics.

(b) If he/she has worked as a professional accountant in an accounting firm whose proprietor is a Chartered Accountant, accomplishing graduation in Commerce, Business administration or Management or post-graduation with Accounts as the major subject in Public administration or Economics, Statistics or Mathematics.

(c) If he/she has passed the examination for upgrading in class B accomplishing graduation in Commerce, Business administration or Management or post-graduation with Accounts as the major subject in Public administration or Economics, Statistics or Mathematics.

ii. A registered auditor member holding Certificate of Practice of Class D can be upgraded to registered auditor member holding Certificate of Practice of class C under the following conditions:

(a) If he/she has performed auditing or internal auditing of an institution registered in Nepal having transactions of more than 15 lacs/year at least in 5 fiscal years during the period of last 10 years accomplishing graduation in Commerce, Business administration or Management or Mathematics or Economics or Statistics.

(b) If he/she has worked as a professional accountant in an accounting firm whose proprietor is a Chartered Accountant, accomplishing graduation in Commerce, Business administration or Management or Mathematics or Economics or Statistics.

(c) If he/she has passed the examination for upgrading in class C accomplishing graduation in Commerce, Business administration or Management or Mathematics or Economics or statistics.

(4) The examinations shall be held for the following subject each of 100 marks (in each):
 
(a) Direct or Indirect Taxation in Nepal,
(b) Commercial Law of Nepal
(c) Accounts and standard of accounting
(d) Auditing and standard of auditing

(5) The registered auditor member with eligibility according to the above mentioned criteria can apply for upgrading of his/her Certificate of Practice of class C or D in the format specified in Schedule-31 of Nepal Chartered Accountants Regulations.

(6) Other proceedings for upgrading of a class shall be as mentioned in the Procedures of upgrading