English
ਮਾਫ਼ ਕਰਨਾ, ਇਹ ਖਬਰ ਤੁਹਾਡੀ ਬੇਨਤੀ ਭਾਸ਼ਾ ਵਿੱਚ ਉਪਲਬਧ ਨਹੀਂ ਹੈ। ਕਿਰਪਾ ਕਰਕੇ ਇੱਥੇ ਦੇਖੋ।
Cabinet has approved Mutual Recognition Agreement between the Institute of Chartered Accounts of India and the Certified Practising Accountant
The Cabinet held by Prime Minister Shri Narendra Modi, has approved the Mutual Recognition Agreement (MRA)between the Institute of Chartered Accounts of India (ICAI) and the CPA (“Certified Practising Accountant”) Australia.
Details of the Agreement
Under the Mutual Recognition Agreement between the Institute of Chartered Accounts of India (ICAI) and the CPA (“Certified Practising Accountant”) Australia will work together to establish mutual cooperation framework for the advancement of accounting knowledge, professional and intellectual development, advancement of the interests of their respective members and contribute positively to the development of accounting profession in Australia and India.
Impact-
The MRA will-
- foster working relations between the two accounting Institutes
- develop mutually beneficial relationship in the best interest of members, students and their organisations.
- Increase mobility of professionals at either end and would herald a new dimension for small and medium business in both countries
- The 2 accountancy institutes will have an opportunity to play the leadership role in addressing new challenges facing the profession in globalised environment.
Benefits
The engagement between the two Institutes is expected to result in greater employment opportunities for Indian Chartered Accountants and also greater remittances back to India.
Implementation strategy and Targets-
The MRA would give mutual recognition of qualification of members of other body who have achieved membership by completing the Examination, training and practical experience requirements of the two bodies to enable them to join the other body by receiving appropriate credit for their existing accountancy qualification. Both ICAI and CPA Australia shall work out a Mutual Recognition Agreement to recognise the qualification, training of each other and admit the members in good standing by prescribing a bridging mechanism.
