ACCA, ICAI signs MoU: Aims at professional, educational development

MUMBAI, February 27: With an objective to develop the business and finance profession in India the ACCA (the Association of Chartered Certified Accountants) and The Institute of Cost Accountants of India (ICAI) have signed an agreement today.

The MOU signed by leading professsional bodies promises at promoting highest standards of professionalism and ethics, with both the organistions agreeing to co-operate in professional training, education and environment.

ACCA, ICAI signs MoU


This MOU will see ICAI and ACCA working jointly to ensure recognition of prior learning by both organisations, so that members of each body will be exempted from sitting certain papers offered by each.

ICAI and ACCA have also agreed to work together on continuing professional development (CPD) which is seen by both bodies as a key requirement of professionalism in a dynamic and demanding business environment.

ACCA Chief Executive Helen Brand OBE, who signed the MoU on behalf of ACCA, said: "ACCA was the first professional accountancy body to incorporate International Financial Reporting Standards (IFRS) into our qualification nearly 20 years ago, and like ICAI we have long championed the importance of global standards.

So we are delighted to be working with ICAI to enable more finance professionals to have access to qualifications and CPD which will equip them to guide businesses through the new developments, including global standards.

"The ultimate aim of our partnership is to develop the accountancy and finance profession and build on strong foundations created by both bodies. ACCA is excited by the potential of working with the ICAI, and we look forward to a long, happy and productive partnership."

AS Durga Prasad, President, Institute of Cost Accountants of India said that the MoU will enable the CMA profession to strengthen the global collaboration with financial accounting bodies.

The globally recognized competency of ACCA, in adopting and implementing IFRS framework, combined with the Cost and Management competency advocated by the ICAI-CMA, will deliver the cutting edge skills for the finance professionals in the current business environment.


For Quick Alerts
For Daily Alerts

Select a Field of Study
Select a Course
Select UPSC Exam
Select IBPS Exam
Select Entrance Exam

Thousands of Careerindia readers receive our evening newsletter.
Have you subscribed?

For great career opportunity, get instant updates on Education, Career & Job

Notification Settings X
Time Settings
Clear Notification X
Do you want to clear all the notifications from your inbox?
Settings X
We use cookies to ensure that we give you the best experience on our website. This includes cookies from third party social media websites and ad networks. Such third party cookies may track your use on Careerindia sites for better rendering. Our partners use cookies to ensure we show you advertising that is relevant to you. If you continue without changing your settings, we'll assume that you are happy to receive all cookies on Careerindia website. However, you can change your cookie settings at any time. Learn more