ICoAl, ICSI with foreign countries sign MoUs after Cabinet's approval

The MoUs have been signed with the objective of facilitating mutual recognition of qualifications and a range of collaborative activities for the exchange of knowledge.

The Institute of Cost Accountants of India (ICoAl) and the Institute of Company Secretaries of India (ICSI) with various countries and organisations received official approval from the Union Cabinet to join hands by signing a Memorandum of Understandings (MoUs). According to the reports, the Institute of Cost Accountants of India (ICoAl) and the Institute of Company Secretaries of India (ICSI) collaborated by signing MoUs with foreign organisations namely Institute of Public Accountants (IPA), Australia, Chartered Institute for Securities and Investment, UK (CISI), Chartered Institute of Public Finance and Accountancy (CIPFA), UK, Institute of Certified Management Accountants, Sri Lanka and Institute of Chartered Secretaries and Administrators (ICSA), UK.

The MoUs have been signed with the objective of facilitating mutual recognition of qualifications and a range of collaborative activities for the exchange of knowledge, experience sharing and technical cooperation by way of participation in annual conferences, training programmes or workshops, seminars and joint research projects, etc. relevant to their jurisdiction.

Authorities suggest that this collaboration would help in the advancement of the goals on equity, public accountability and innovation among the beneficiaries countries. ICoAl is the only recognised statutory professional organisation and licensing body in India specialising exclusively in Cost Accountancy. Institute of Company Secretaries of India (ICSI) regulates the profession of Company Secretaries in India.

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