The Institute of Chartered Accountants of India (ICAI) and the Indian Institute of Public Administration (IIPA) have signed a three-year Memorandum of Understanding (MoU) to improve municipal finance, accounting, and urban governance. This collaboration will focus on joint research, policy studies, training programmes, and technical support to build capacity within municipalities. The initiative aims to foster more transparent, accountable, and citizen-centric governance in urban areas.
The Institute of Chartered Accountants of India (ICAI), through its Public and Government Financial Management Committee (PGFMC), signed an Memorandum of Understanding (MoU) with the Centre for Urban Studies (CUS) of the Indian Institute of Public Administration (IIPA), a premier Research and Traini
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FAQ :
The MoU aims to strengthen governance, financial accountability, and municipal accounting practices in Municipalities through joint initiatives and advisory support.
The MoU will be effective for a period of three years from July 21, 2026.
Activities will include joint research, policy studies, training programmes, workshops, knowledge-sharing initiatives, and providing technical and advisory support.
The Director General of IIPA stated that municipal accounting is the primary step towards municipal reforms.
The partnership is expected to contribute to the development of stronger, financially resilient, and citizen-centric Municipalities, advancing good governance and sustainable urban development.