NEW DELHI :
The apex body for chartered accountants, Institute of Chartered
Accountants of India, has renewed qualification reciprocity agreement
with the Institute of Chartered Accountants in England and Wales (ICAEW)
in order to increase mobility of professionals.
The pact, that
was renewed on Wednesday, "demonstrates the strengthening ties and
further
commitment of ICAI and ICAEW to work even more closely to build a
world of strong economies with the best professional skills," the
Institute of
Chartered Accountants of India (ICAI) said in a release.
"It
would help in increasing the professional avenues for Indian
professionals by facilitating recognition of Indian accounting
professionals with local accountancy qualification in UK in addition to
existing ICAI qualification,"
ICAI President Prafulla P Chhajed said.
"It
is befitting that we are signing this MoU on Gandhi Jayanti, the
birthday of Mahatma Gandhi. He united India and we are uniting together
to give our members greater opportunities in each other's countries," he
added.
ICAEW President Fiona Wilkinson said, "Accountants and
auditors play important roles in delivering business confidence, a very
valuable commodity which is crucial for the continuing growth of
economies and financial markets worldwide."
This story has been published from a wire agency feed without modifications to the text.