Cabinet approves MoUs entered into by ICoAl & ICSI with foreign organisations

New Delhi, May 25 (Bureau) The Union Cabinet, chaired by Prime Minister Narendra Modi, on Tuesday granted ex-post facto approval to the Memorandum of Understandings (MoUs) entered into by Institute of Cost Accountants of India (ICoAl) and Institute of Company Secretaries of India (ICSI) with various foreign countries or organisations.

The Institute of Cost Accountants of India (ICoAl) and the Institute of Company Secretaries of India (ICSI) have signed 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 various memoranda seek to facilitate mutual recognition of qualifications and range of collaborative activities for exchange of knowledge, experience sharing and technical cooperation by way of participation in annual conferences/training programmes/workshops, seminars and joint research projects etc, relevant to their jurisdiction, an official statement said here. The signed MoUs would help in advancement of the goals on equity, public accountability and innovation among the beneficiaries countries.