The Union Cabinet on Tuesday gave an ex-post facto approval to the Memorandums of Understanding (MoUs) entered into by the Institute of Cost Accountants of India (ICoAl) and the Institute of Company Secretaries of India (ICSI) with various foreign countries or organisations.
The MoUs would help in the advancement of the goals on equity, public accountability and innovation among the beneficiary countries.
The ICoAl and the ICSI have signed MoUs with foreign organisations namely Institute of Public Accountants (IPA), Australia, Chartered Institute for Securities and Investment, UK (CISI).
Chartered Institute of Public Finance and Accountancy (CIPFA), UK, Institute of Certified Management Accountants, Sri Lanka and Institute of Chartered Secretaries and Administrators (ICSA), UK.
The various memoranda seek to facilitate mutual recognition of qualifications and range of collaborative activities for exchange of knowledge, experience sharing and technical cooperation by way of participation in annual conferences/training programmes or workshops, seminars and joint research projects etc., relevant to their jurisdiction.