Cabinet clears MoU between ICAI and Qatar Financial Centre Authority


From UPSC perspective, the following things are important :

Prelims level: ICAI

Mains level: Paper 2- MoU between ICAI and QFCA

Signing of MoU

  • The Union Cabinet approved the signing of a pact between the Institute of Chartered Accountants of India (ICAI) and the Qatar Financial Centre Authority (QFCA)
  • The ICAI has more than 6,000 members in the Middle East.

Increase opportunities and enhance cooperation

  • The MoU would enhance cooperation between the institutes to work together to strengthen the accounting profession and entrepreneurship base in Qatar.
  • The MoU would provide the ICAI members in the entire Middle East better recognition, together with working to support Indian businesses desirous of doing business in Qatar
  • The MoU will endeavour to increase opportunities for ICAI members to provide professional services in Qatar in the areas of assurance and auditing, advisory, taxation, financial services and allied areas.

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