ICAI members to have opportunities in Russia as government approves MoU with IPAR
The Union Cabinet, chaired by Prime Minister Narendra Modi, on Wednesday approved the signing of a memorandum of understanding between the Institute of Chartered Accountants of India (ICAI) and the Institute of Professional Accountants of Russia (IPAR).
In a statement, the Center said: âApproval of the signing of a Memorandum of Understanding between the Institute of Chartered Accountants of India (ICAI) and the Institute of Professional Accountants of Russia (IPAR) would help to establish mutual cooperation in the fields of professional training in accountancy. , Professional ethics, Technical research, Advancement of accounting knowledge, Professional and intellectual development. “
Implementation strategy, objectives
The memorandum of understanding aims to strengthen cooperation in the accountancy profession through exchanges of views, information on professional accountancy training, professional ethics, technical research, professional development of accountants.
It also aims to promote mutual cooperation through seminars, conferences and joint activities mutually beneficial for both parties and to provide updates on the development of the accountancy profession in India and Russia to promote the profession in the world. The parties will also link to their respective websites as a means of information.
The Memorandum of Understanding between ICAI and IPAR, Russia, is expected to give further impetus to the prospects of ICAI members to obtain professional opportunities in Russia in the short and long term. The purpose of the MoU is to work together to develop a mutually beneficial relationship in the best interest of ICAI members and the two respective organizations. With the MoU, ICAI would be able to help strengthen the partnership with Russia by providing export services in the accountancy profession.
ICAI members hold mid-to-senior level positions in various organizations across countries and can influence the decision-making / policy-making strategies of respective organizations in a country.
ICAI, through its vast network of chapters and representative offices in 68 cities in 45 countries around the world, is committed to playing an important role in sharing the practices in their respective countries so that the Indian government can adopt the best practices they follow. To attract foreign investment and encourage them to settle in India, this MoU will benefit the Ministry of Commercial Affairs, the Institute of Chartered Accountants of India and the Institute of Professional Accountants of Russia.
The Institute of Chartered Accountants of India is a statutory body established under the Chartered Accountants Act, 1949 for the regulation of the profession of Chartered Accountants in India.
The ICAI has contributed immensely in the field of education, professional development, maintenance of high standards of accounting, auditing and ethics in the advancement of the profession of public accountant, which is recognized around the world.
IPAR is the largest association of non-profit accountants in Russia.
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