/home/store_root/vhosts/everatlas.com/httpdocs/wp-content/themes/kleo/single.php

ICAEW and Institute of Chartered Accountants of India (ICAI) to promote cross-border accountancy skills

ICAEW – The Institute of Chartered Accountants in England and Wales, a world leader in the accountancy and finance profession, and the Institute of Chartered Accountants of India (ICAI), a statutory body for regulating the profession of Chartered Accountants in India, have signed a Memorandum of Understanding (MoU)  for mutual recognition of their qualifications and to create a pathway for their members to become members of the other’s institutes.  The signing of this MOU demonstrates the strengthening and further commitment of ICAI and ICAEW to work even more closely to build a World of Strong Economies with the best professional skills.

 

The agreement between the two bodies was signed on 2 October, by ICAEW President Fiona Wilkinson and ICAI President Mr. Prafulla P. Chhajed, at a ceremony in ICAEW’s headquarters in London, Chartered Accountant’s Hall. Also present at the event was ICAI Vice President Mr Atul Kumar Gupta.

The Memorandum of Understanding establishes a framework for the two bodies to recognise each other’s qualifications and provide a fast track for members to gain the other Institute’s qualifications.  ICAEW and ICAI have also embarked on a plan to develop research in areas of mutual interest – such as sharing the latest advances in automation. The Institutes are producing a joint report on IT, robotic processing and automation using case studies of companies both in the UK and India.

Fiona Wilkinson, ICAEW President, said: “We are pleased to be signing this MoU. In the spirit of unity ICAEW and ICAI are collaborating to strengthen our relationship and give our members greater opportunities. In the modern, globally connected world, professional bodies need to work together across country borders, ensuring we learn from each other and support our members in different jurisdictions.

The Memorandum of Understanding establishes a framework for the two bodies to recognise each other’s qualifications and provide a fast track for members to gain the other Institute’s qualifications.  ICAEW and ICAI have also embarked on a plan to develop research in areas of mutual interest – such as sharing the latest advances in automation. The Institutes are producing a joint report on IT, robotic processing and automation using case studies of companies both in the UK and India.

Fiona Wilkinson, ICAEW President, said: “We are pleased to be signing this MoU. In the spirit of unity ICAEW and ICAI are collaborating to strengthen our relationship and give our members greater opportunities. In the modern, globally connected world, professional bodies need to work together across country borders, ensuring we learn from each other and support our members in different jurisdictions.

“Accountants and auditors play important roles in delivering business confidence, a very valuable commodity which is crucial for the continuing growth of the Indian economy and of financial markets worldwide. ICAEW works in partnership with national accountancy bodies around the world to help promote and develop best practice, and we are happy to be working closely with ICAI too.”

Mr Prafulla P. Chhajed said: “Signing of this MoU will facilitate mobility of members across the borders and further strengthen the ties between India and the United Kingdom. Our mission is to make the next decade for accounting professionals. We look forward to working closely with each other and to collaborate further in the field of research & accounting.

 

“The membership of the local accounting body will provide larger professional avenues to members in each respective country and will lead to a win-win situation for the members of both the accounting bodies.”

“Accountants and auditors play important roles in delivering business confidence, a very valuable commodity which is crucial for the continuing growth of the Indian economy and of financial markets worldwide. ICAEW works in partnership with national accountancy bodies around the world to help promote and develop best practice, and we are happy to be working closely with ICAI too.”

Mr Prafulla P. Chhajed said: “Signing of this MoU will facilitate mobility of members across the borders and further strengthen the ties between India and the United Kingdom. Our mission is to make the next decade for accounting professionals. We look forward to working closely with each other and to collaborate further in the field of research & accounting.

“The membership of the local accounting body will provide larger professional avenues to members in each respective country and will lead to a win-win situation for the members of both the accounting bodies.”

 

 

Tags:

0 Comments

Leave a reply

CONTACT US

Hola! Send us an email and we'll get back to you, asap.

Sending

©2019 Everatlas.com                             Created with love in London

Privacy Preference Center

Strictly Necessary

Necessary cookies help make a website usable by enabling basic functions like page navigation and access to secure
areas of the website. The website cannot function properly without these cookies.

PHPSESSID,gdpr,woocommerce_cart_hash,woocommerce_items_in_cart,_wp_wocommerce_session

Performance

These are used to track user interaction and detect potential problems. These help us improve our services by providing analytical data on how users use this site.

_ga, _gid, _gat

Marketing

Marketing cookies are used to track visitors across websites. The intention is to display ads that are relevant and engaging for the individual user and thereby more valuable for publishers and third party advertisers.

ab,ck1,CMDD,CMID,CMPRO,CMPS,CMSC,CMST,drtn#,DSID,GPS,id,IDE,mc,mdata,rlas3,rtn1-z,test_cookie,u,VISITOR_INFO1_LIVE,YSC

Others

Other cookies are cookies that we are in the process of classifying, together with the providers of individual cookies.

bp-activity-oldestpage,google_experiment_mod,google_pub_config,item_likes_,wc_fragments

Close your account?

Your account will be closed and all data will be permanently deleted and cannot be recovered. Are you sure?

or

Log in with your credentials

or    

Its all free - Register to connect to Members, post Events and interesting Places, create your own Portfolio page, find useful Information

Forgot your details?

or

Create Account