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Cabinet approved MoU between India & Canada on collaboration among CA Institutions
Union Cabinet approved MoU between India & Canada on collaboration among CA Institutions: Details
The Union Cabinet chaired by PM Narendra Modi had approved the signing of the Memorandum of Understanding (MoU) between the Institute of Chartered Accountants of India (ICAI) and Chartered Professional Accountants of Canada (CPA Canada).
The approvals came in respect of ex-post facto approval of the MoU signed in 2011.
The MoU envisages arrangements for reciprocal membership that will apply to the respective members of both the Institutes subject to specified criteria.
The MoU also includes further collaboration on the definition, learning, and evaluation of the professional qualities and skills and competencies of entry-level Chartered Accountants.
The MoU aims to work together to develop a mutually beneficial relationship in the best interest of ICAI members, students, and their organisations.
Canada
Capital: Ottawa
Largest City: Toronto
Official languages: English, French
Currency: Canadian Dollar
Prime Minister: Justin Trudeau
Monarch: Elizabeth II
