Cabinet approves MoU between India and Kuwait in the field of accounting, finance and audit knowledge base

Cabinet approves MoU between India and Kuwait in the field of accounting, finance and audit knowledge base

Cabinet approves MoU between India and Kuwait in the field of accounting, finance and audit knowledge base

The Union Cabinet chaired by the Prime Minister Narendra Modi has approved the Memorandum of Understanding (MoU) for capacity building and strengthening the accounting, financial and audit knowledge base in Kuwait.

This MoU entails working together of Institute of Chartered Accountants of India (ICAI) and Kuwait Accountants and Auditors Association (KAAA) will work together to hold and conduct technical events, seminars and conferences in Kuwait for the benefit of both organizations’ members and development of their professional expertise. Costs will be shared as agreed in writing by both parties for each event.

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ICAI and KAAA shall work together for establishing possible cooperation in respect of Corporate Governance, technical research and advice, quality assurance, forensic accounting, issues concerning Small and Medium-sized Practices (SMPs), Islamic Finance, Continuing Professional Development (CPD) and other subjects of mutual interest.

The aim of the MoU is to work together to develop a mutually beneficial relationship for the best interest of ICAI members, students and their organizations.