ICAI signs MoU to promote the export of accounting

The Institute of Chartered Accountants of India (ICAI) has signed a Memorandum of Understanding (MoU) with the Service Export Promotion Council (SEPC) with an objective to promote the export of accounting services at the international arena.

Under the MoU, that aims to enhance the competitiveness of India’s exports in accounting and finance Services, the two organisations will organise studies and publish knowledge papers. They will also jointly set up a co-ordination group for creating awareness about the action plan about by the government in various countries.

Under the guidance of the Ministry of Corporate Affairs, ICAI has been working towards formulating and implementing an action plan for developing accounting and finance services sector as one of the 12 Champion sectors in the country.

Through its Committee for Export of CA Services and WTO (CESWTO), the organisation is taking various measures for increasing the share of trade in accountancy and related services.