NEW DELHI: Indian chartered accountants can look forward to practising in Singapore and the UK as the Institute of Chartered Accountant of India (ICAI) is in the process of signing a mutual recognition of professional agreement with the two countries.

ICAI president TN Manoharan said the association, the apex body for CAs in India, was in very advanced stage of discussion with its counterpart in Singapore for signing the agreement.

"I am hopeful that in next two months, everything would be finalised between both the institutes," he said, pointing out that this was a part of the Comprehensive Economic Co-operation Agreement (CECA) with the city-state.