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Cabinet approves Memorandum of Understanding between Institute of Chartered Accountants of India and The Chartered Accountants of the Maldives

Newdelhi:17/5/23:The Union Cabinet, chaired by the Hon’ble Prime Minister Shri Narendra Modi, today approved the signing of Memorandum of Understanding between Institute of Chartered Accountants of India (ICAI) and The Chartered Accountants of the Maldives (CA Maldives).

Details:

ICAI and CA Maldives aim to establish mutual co-operation for the advancement of Accounting Knowledge, Professional and Intellectual Development, Advancing the interests of their respective members and positively contributing to the development of the Accountancy Profession in the Maldives and India.

Impact:

This MoU besides aiding CA Maldives will provide an additional impetus to prospects of the ICAI Members to get professional opportunities in Maldives in short to long term future. With this MoU, ICAI would be able to help strengthen the partnership with Maldives by providing the export of services in accountancy profession, ICAI members are holding middle to top level positions in various organisations across the countries and can influence the decision/policy making strategies of respective organisations of a country

Benefits:

The MoU will provide an opportunity to ICAI members to expand their professional horizon and provide impetus to ICAI to aid in the strengthening the capacity building of local nationals. The MoU will foster strong working relations between India and Maldives. The agreement would increase mobility of professionals at either end and also would herald a
new dimension for business globally.

Implementation Strategy and Targets:

The MoU aims to strengthen cooperation between ICAI and CA Maldives in the matters of accountancy profession through exchange of views, information in respect of Professional Accountancy Training, Professional Ethics, Technical Research, Professional Development of Accountants. It is also intended to promote mutual cooperation through linkages to each others’ website, seminars, conferences, students exchange programmes and other joint activities mutually beneficial to both the institutes. This MoU will also provide updates on the development of the accountancy profession in India and Maldives to promote the profession in the world. Further, CA Maldives intends to become the member of International Federation of Accountants (IFAC), the global voice of accountancy profession with more than 180 members in 135 countries. ICAI will do technical due diligence for CA Maldives to make CA Maldives the member of IFAC.

Background:

The Institute of Chartered Accountants of India (ICAI) is a statutory body established under the Chartered Accountants Act, 1949 for the regulation of the profession of Chartered Accountants in India. ICAI has contributed immensely in the field of education, professional development, maintenance of high accounting, auditing and ethical standards in furtherance of the profession of Chartered Accountants, which is recognized globally.

About Editor in chief

Ashok Palit has completed his graduation from Upendranath College Soro, Balasore and post graduation from Utkal University in Odia Language and literture.. He has also carved out a niche for himself as a scribe of eminence after joining the profession in 1988. He is also an independent media production professional. He brings loads of experience to Advanced Media, Ashok Palit as a cineaste has been active in film criticism for over three decades. As a film society activist, he soared to eminence for his profound commitment to the art film appreciation and aesthetics of cinema. His mode of discourse is often erudite but always lucid and comprehensible marked by a perfect acumen so rare in the field. A film aesthete with an immense fond of critical sensibilities, he wrote about growth and development of odia cinema in New Indian Express, The Times of India, The Hindustan Times, The Asian Age and Screen. He has been working as an Editor for Cine Samaya from 2002-2004.. He had made solid contribution on cinema in many odia Dailies and weekly such as Samaj, Prajatantra, Dharatri, Samaya, Satabadi, and weekly Samaya.
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