Strengthening Accounting Education 2023: ICAI Partners with CA Maldives
The Institute of Chartered Accountants of India (ICAI) and the Institute of Chartered Accountants of the Maldives (CA Maldives) have joined hands to strengthen their bilateral relations during the SAFA IFRS and ISAs Forum 2023, hosted by CA Maldives.
The Memorandum of Understanding (MoU) was signed on the second day of the forum, reflecting the commitment of both institutes to enhance knowledge and professional development in the field of accounting. This collaborative MoU aims to establish a platform for mutual cooperation, focusing on advancing Accounting Knowledge, Professional and Intellectual Development, and the progress of their respective members. The partnership is expected to have a positive impact on the Accounting Profession in both the Maldives and India.
CA. Aniket Sunil Talati, President of ICAI, expressed the organization’s intent to provide technical support, resources, including technical standards, SOPs, study materials, and expert faculties for conducting collaborative programs with CA Maldives. This support is set to contribute significantly to the development of the accountancy profession in both countries and facilitate CA Maldives’ pursuit of membership with the International Federation of Accountants (IFAC).
Both ICAI and CA Maldives are full members of the South Asian Federation of Accountants (SAFA), with ICAI hosting the Permanent Secretariat of SAFA. Hussain Niyazy, President of CA Maldives, emphasized that this support from ICAI will benefit CA Maldives in conducting courses and enhancing the capabilities of its members, playing a crucial role in the professional growth of the accountancy community in the Maldives. He also serves as the Auditor General of the Maldives.
KEY POINTS:
- The Institute of Chartered Accountants of India (ICAI) and the Institute of Chartered Accountants of the Maldives (CA Maldives) signed a Memorandum of Understanding (MoU) during the SAFA IFRS and ISAs Forum 2023 hosted by CA Maldives.
- The MoU signifies the commitment of both institutes to enhance the knowledge and professional development of the accounting profession.
- The collaborative MoU aims to establish a platform for mutual cooperation, focusing on advancing Accounting Knowledge, Professional and Intellectual Development, and the progress of their respective members.
- This partnership is expected to have a positive impact on the Accounting Profession in both the Maldives and India.
- CA. Aniket Sunil Talati, President of ICAI, expressed ICAI’s commitment to providing technical support, resources, and expert faculties to CA Maldives for conducting collaborative programs. This support will contribute to the development of the accountancy profession in both countries.
- CA Maldives seeks membership with the International Federation of Accountants (IFAC), and ICAI’s support is seen as valuable in this pursuit.
- Both ICAI and CA Maldives are full members of the South Asian Federation of Accountants (SAFA), with ICAI hosting the Permanent Secretariat of SAFA.
- Hussain Niyazy, President of CA Maldives, noted that the support from ICAI will help CA Maldives in conducting courses and enhancing the capabilities of its members, fostering professional growth in the Maldives’ accountancy community.
These points highlight the collaboration between ICAI and CA Maldives and its significance in advancing the accounting profession in both nations.
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