Union Cabinet’s nod for The Mutual Recognition Agreement between the Institute of Chartered Accountants of India (ICAI) and The South African Institute of Chartered Accountants (SAICA)
The Union Cabinet has, on 2.05.2018, approved the Mutual Recognition Agreement between The Institute of Chartered Accountants of India (ICAI) and The South African Institute of Chartered Accountants (SAICA).
Approval was granted for the advancement of accounting knowledge, professional and intellectual development, advancing the interests of their respective members and positively contributing to the development of the accounting profession in South Africa and India.
The Agreement will facilitate:
- Recognition of Indian Accountancy Professionals, which will in turn increase their professional avenues in South African markets.
- Strong working relations between the two accounting bodies ICAI & SAICA.
- Increase mobility of professionals at either end and would herald a new dimension for small and medium businesses in both countries.