The Institute of Chartered Accountants of India (ICAI) and the Standing Conference of Public Enterprises (SCOPE) have signed a Memorandum of Understanding (MOU) to foster mutual cooperation. This partnership aims to facilitate knowledge sharing, including providing resource persons and conducting joint seminars, webinars, and workshops on various financial and legal subjects. They will also collaborate on research, policy issues, and training initiatives for public sector enterprises.
At a ceremony held on 14th July, 2022 in Bhabha Chamber of SCOPE auditorium, New Delhi, a Memorandum of Understanding was signed between the Institute of Chartered Accountants of India and Standing Conference of Public Enterprises.
Seen in the picture (from L to R) are: CA. Rajendra Prasad Goyal, Director (Finance), NHPC, CA. Subodh Gupta, Director (Finance), BHEL, Shri Atul Sobti, Director General, SCOPE, CA. Ranjeet Kumar Agarwal, Chairman, CMI&B, ICAI, CA. (Dr.) Jai Kumar Batra, Secretary, ICAI, CA. (Dr.) Raj Chawla, Vice Chairman, CMI&B and CA. Hans Raj Chugh, Former Chairman, CMI&B.
The MOU paves way for
- Knowledge partnership – providing resource persons by ICAI to SCOPE and its various member organisations on request
- Conducting seminars/ webinars / workshops on mutually identified subjects in the areas of finance, economics, law or any other subject that the parties may agree.
- Conducting joint research and studies on pertinent and mutually identified subjects by the parties.
- Jointly undertaking policy issues wrt complex accounting practices, disclosures, taxation, international treaties, international taxation, corporate law, etc. with the Government and policy makers.
- Jointly conducting workshops on recent developments in accounting standards and practices.
- Providing clarifications with respect to complex accounting treatments especially where there is lack of clarity may be extended by ICAI to respective Public Sector Enterprises (PSEs) through SCOPE on a mutually agreed consideration between the respective PSE and ICAI.
- Providing sector specific training by ICAI to Member organisations of SCOPE as identified by SCOPE
- Placement support by ICAI to SCOPE & Member Organisations of SCOPE
- ICAI to continue to extend its existing policy of providing industrial trainees to the Chartered Accountants engaged with SCOPE and Member-Organisations of SCOPE
The MOU was signed in the presence of CA. Ranjeet Kumar Agarwal, Chairman, Committee for Members in Industry & Business (CMI&B), ICAI and CA. (Dr.) Raj Chawla, Vice Chairman, CMI&B, ICAI by Secretary, CA. (Dr.) Jai Kumar Batra and on behalf of SCOPE by its Director General, Shri Atul Sobti.