MoU between Institute of Chartered Accountants of India (ICAI) and Qatar Financial Centre Authority (QFCA)

MoU between Institute of Chartered Accountants of India (ICAI) and Qatar Financial Centre Authority (QFCA)

Part of: GS Prelims and GS – II – International Relations 

In news

• The Union Cabinet has approved signing of MoU between Institute of Chartered Accountants of India (ICAI) and Qatar Financial Centre Authority (QFCA).

Key takeaways 

• The MoU would enhance cooperation between the Institutes to work together to strengthen the Accounting profession and entrepreneurship base in Qatar. 
• ICAI has an active Chapter in Doha, Qatar which was established in the year 1981 and is the oldest among the 36 overseas Chapters of the ICAI.
• Qatar (Doha) Chapter is amongst the most vibrant Chapters of ICAI.

Important value additions 

The Institute of Chartered Accountants of India (ICAI) 

• It is a statutory body established under The Chartered Accountants Act, 1949′. 
• Objective: To regulate the profession of Chartered Accountancy in India.