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Central Govt. approves MoU between ICAI and ICAEW

ICAI - ICAEW - Taxscan

The Government of India has approved Memorandum of Understanding (MoU) between Institute of Chartered Accountants of India ( ICAI ) and Institute of Chartered Accountants in England & Wales ( ICAEW).

CA. Prafulla P. Chhajed, President, ICAI said that,  “I am happy to share that the Government of India has approved the MoU between ICAI and Institute of Chartered Accountants in England & Wales I am happy to share that the Government of India has approved the MoU between ICAI and Institute of Chartered Accountants in England & Wales (ICAEW). The signing ceremony of the MoU is scheduled to be held on October 02, 2019 in London, UK. ICAI had first signed the agreement in 2008 and since then both the Institutes have worked together for the best interests of the members at either end. The MoU provides an opportunity to the ICAI members to expand their professional horizon”.

“Further, Digital Accounting and Assurance Board has initiated a Joint Research with ICAEW on automation in finance and accounting space by interviewing companies in India and UK. This would provide insight into implications for the future roles and skills of accountants in the digital era. Both these developments are indication of ICAI’s constant recognition and contribution at the international arena and continued efforts in fostering new areas of opportunities across the globe for the members”, he also added.

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