Cabinet approves signing of MoU between ICAI & ICAEW

Feb 16: The Union Cabinet, chaired by the Hon’ble Prime Minister Shri Narendra Modi, has approved the signing of the Memorandum of Understanding between the Institute of Chartered Accountants of India (ICAI) and The Institute of Chartered Accountants in England & Wales (ICAEW).

The MoU is to provide recognition of the qualification, and training of each other’s members and admit the members in good standing by prescribing a bridging mechanism on the prevailing terms and conditions. The Parties to this MoU will provide each other with the information on material changes to their qualifying/admission requirements, CPD policy, exemptions and any other relevant matters.

ICAI’s collaboration with ICAEW will bring a lot of professional opportunities for Indian CAs in the UK and also for Indian CAs who are looking for global professional opportunities in the UK.

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