New Delhi, Mar 7 : The Cabinet on Thursday approved Ex-post facto approval of the Memorandum of Understanding (MOU) signed in 2008 and renewed in 2014 between the Institute of Chartered Accountants of India (ICAI) and Institute of Chartered Accountants in England and Wales (ICAEW).
Prime Minister Narendra Modi-headed cabinet took this decision. The cabinet also approved the Renewal of the Memorandum of Understanding between the Institute of Chartered Accountants of India (ICAI) & The Institute of Chartered Accountants in England & Wales.
The instant MoU would help encourage more and younger Indian Chartered Accountants to take up the recognition of ICAEW professional designation to further help them pursue professional opportunities in UK.
It is a matter of great pride that a number of Indian Chartered Accountants are holding top level positions in companies in UK and with the recognition from ICAEW the Corporates in UK would be trusting Indian talents and skills more to hire them, an official statement said. (UNI)