The Union Cabinet chaired by the Prime Minister Shri Narendra Modi has approved the signing of a Memorandum of Understanding (MoU) between the Institute of Chartered Accountants of India (ICAI) and Certified Professional Accountants Afghanistan (CPA Afghanistan). The MoU will establish mutual co-operation framework in the areas of Capacity Building of Afghanistan Accountancy Board (AAB), strengthening the IT Capacity and Quality Assurance in Afghanistan through facilitating Knowledge Transfer; Students and Members Exchange Programs; Conduct of Seminars, Conferences and Joint Activities mutually beneficial to both the parties.
• Students and members exchange programs from their respective jurisdictions so as to update them on the emerging developments in the areas of accounting profession either in the form of study tours or as may be mutually decided by both the Institutions;
• Providing updates on the development of the accountancy profession in India, and promote international good professional practices;
• Strengthening the quality assurance setup in Afghanistan through facilitating knowledge transfer to help implement regime of necessary quality controls and periodic reviews in Afghanistan.