The Institute of Chartered Accountants of India (ICAI) recently signed an Memorandum of Understanding (MoU) with the Saudi Organisation for Certified Public Accountants (SOCPA) and accounting institutes in Bhutan.
Under this agreement, both ICAI and SOCPA would be working together in establishing possible co-operation in respect of corporate governance, technical research and advice, quality assurance, forensic accounting, issues SMPs.
This MoU would entail designing distance education programmes, study materials, examination systems and disciplinary and regulatory mechanisms by ICAI for the benefit of Bhutan. Mohammad Alaqeel, assistant secretary general for membership and professional development, SOCPA stated: “This MoU would be a step forward to strengthen bilateral relation between India and Saudi Arbia.”
CA K Raghu, president, ICAI said: “This will enable ICAI and SOCPA to draw synergies from the professional expertise available with each other in areas of accounting, technical research, corporate governance and alike.”