| The process of affiliation with ICAP as its "Registered Accounting Education Tutor" (RAET) is as follows: | |
| The proposed RAET is required to send the filled application form along with a fee of Rs. 60,500 and the following details: | |
| a. | Name, phone number and e-mail address of the proposed RAET |
| b. | Following information if already functioning as an educational entity: |
| (i) Date of establishment (ii) Courses presently being offered and number of students (iii)Affiliations with any University / Institute / Colleges |
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| c. | Organizational setup of proposed RAET |
| d. | Layout plan of the proposed RAET |
| e. | Copy of Rental agreement of the premises along with NOC from the owner for use of property for commercial purpose in case the property is of Residential nature |
| f. | Copy of Title deed in Owner’s name and copy of NOC from Civic bodies for use of property for commercial purposes |
| g. | Name and address of Partners and their share along with copy of registered Partnership deed |
| h. | Resume of Main Sponsor and Principal with details of experience especially in educational field |
| i. | Feasibility report of the proposed RAET including 3 years projected cash flow and future viability of the Project |
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It is important to note that subjects of Accounting, Auditing and Taxation are required to be taught by Chartered Accountants or qualified accountants from other accounting bodies.
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Upon receipt of the above information/documents an appraisal of the proposed RAET will be carried out by an appraisal consultant nominated by ICAP. The report of appraisal consultant will be forwarded to our Education & Training Committee and on Committee approval the proposed RAET’s will be included in our list of approved RAETs. The RAET will then be required to deposit a fee of Rs 100,000 in order to start its session RAETs are required to submit their Standard Operating Procedures within three months from date of approval as RAET.
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The application form can be obtained from Mr. Muhammad Moazzam, Depuity Manager |
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