ICAI Signs MOU with ICPA of Kenya | ICAI Press Release

The Institute of Chartered Accountants of India (ICAI) today has signed the Memorandum of Understanding (MoU) with the Institute of Certified Public Accountants of Kenya (ICPAK) in Nairobi, Kenya on January 21, 2019. Signing of the MoU between ICAI & ICPAK would facilitate collaborative approach to identify opportunities for ICPAK and ICAI and support the development of the accountancy profession through capacity building initiatives and to promote sustainable development of the accountancy profession.

ICAI Signs MOU with ICPA of Kenya | ICAI Press Release

Considering that Kenya’s economy is one of the top amongst the African countries and the kind of investments and trusts entrusted by the two counties in the recent past, India’s Chartered Accountants have already been playing a significant role in the economic growth of the country and the African region; there is a lot of scope for professional opportunities for Indian Chartered Accountants in Kenya and Africa.” said CA Naveen ND Gupta while signing the MOU

The MoU will help in establishing areas of co-operation and collaboration for the mutual benefit of both ICPAK and ICAI members and to enhance the reputation and influence of both Parties within their respective home countries and globally. The MoU will foster strong working relations between the ICAI & ICPAK”. said CPA Edwin Makori, Chief Executive Officer, ICPAK  on that occasion.

While attending the MoU signing ceremony and addressing the audience during the event, CA. Prafulla P. Chhajed, Vice President ICAI said ICAI is committed to provide technical assistance to different accountancy bodies in the World. The MoU with ICPAK will help to establish mutual co-operation and collaboration in the areas of knowledge sharing through joint research, quality support, capability and capacity building, trainee accountant exchange programmes and conducting Continuous Professional Development (CPD) Courses, workshops and conferences.

In September 2018, the Union Cabinet Chaired by Shri Narendra Modi, Honble Prime Minister of India, had approved the MoU between ICAI and ICPAK. Earlier, the Union Government has identified the Accountancy and Finance Services as one of the 12 Champion Sectors. ICAI is taking all possible efforts for mutual recognition agreements with maximum foreign accounting Institutes which is the first step for promotion of export of accountancy services in the overseas market.