The Union Cabinet chaired by PM Narendra Modi on 24th October 2018, has approved the signing of a Memorandum of Understanding (MoU) between the Institute of Chartered Accountants of India (ICAI) and Certified Professional Accountants Afghanistan (CPA Afghanistan).
The MoU will formulate a mutual co-operation framework in the areas of capacity building of ‘Afghanistan Accountancy Board (AAB)’, strengthening the IT capacity and quality assurance in Afghanistan through facilitating knowledge transfer, students and members exchange programs, the conduct of seminars, conferences and joint activities mutually beneficial to both the entities.
India and Afghanistan share a very strong partnership based on historical and cultural links. In the recent past, the partnership between the two countries has touched new heights when India's Afghanistan policy shifted to a more confident and multi-dimensional approach by opening Investment in Afghanistan's nascent democracy and economy, strengthening Kabul's defence capability and promoting regional connectivity and integration.
Further, Afghanistan will help India and ICAI to facilitate indirect employment generation for Indian CAs through recognition and acceptability amongst Afghanistan employers.