Quick Summary
The Cabinet, chaired by Prime Minister Shri Narendra Modi, has approved a fresh Memorandum of Understanding (MoU) between the Institute of Chartered Accountants of India (ICAI) and Chartered Accountants Australia and New Zealand (CA ANZ). Impact The MRA intends to develop mutually beneficial relationship in the best interest of members, students and their organizations and is expected to provide an opportunity to the ICAI members to expand their professional horizons and to foster working
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FAQ :
The Cabinet has approved a Memorandum of Understanding (MoU) between the Institute of Chartered Accountants of India (ICAI) and Chartered Accountants Australia and New Zealand (CA ANZ).
The MoU aims to develop a mutually beneficial relationship, expand professional horizons for ICAI members, foster working relations between the institutes, and provide leadership in addressing global accounting challenges.
The engagement is expected to result in greater employment opportunities for Indian Chartered Accountants and increased remittances back to India.
The MoU will mutually recognise qualifications and admit members in good standing by prescribing a bridging mechanism between the two institutes, based on completing examinations, professional programs, and practical experience.
CA ANZ was formed in October 2014 from the merger of the Institute of Chartered Accountants in Australia and the New Zealand Institute of Chartered Accountants.
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