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Cabinet approves Memorandum of Understanding (MoU) between Institute of Cost Accountants of India (ICoAl) and the Association of Chartered Certified Accountants (ACCA), United Kingdom (UK) The Union Cabinet, chaired by Prime Minister Shri Narendra Modi, has approved the Memorandum of Understandin
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FAQ :
The MoU aims to provide mutual advanced entry to members of both institutes, facilitate joint research and professional development activities, and strengthen good governance practices.
Members will gain exemptions from a majority of papers to acquire ACCA qualifications and will have enhanced employability in India and abroad.
The Association of Chartered Certified Accountants (ACCA) is a global professional accounting body founded in 1904 and incorporated by Royal Charter in 1947, with over 2,27,000 qualified members worldwide.
The Institute of Cost Accountants of India was first established in 1944 and became a statutory professional body by an Act of Parliament in 1959.
Both parties will initiate joint research relevant to the cost accountancy profession, potentially involving collaborative research in technical areas, and exchange of knowledge, research, and publications.
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