INSTITUTE OF CHARTERED ACCOUNTANTS OF INDIA (ICAI)

INSTITUTE OF CHARTERED ACCOUNTANTS OF INDIA (ICAI)

Subject : National Organisations

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

Concept :

• The MoU would enhance cooperation between the Institutes to work together to strengthen the Accounting profession and entrepreneurship base in Qatar.
• This MoU will benefit Ministry of Corporate Affairs, Institute of Chartered Accountants of India and Qatar Financial Centre Authority.
• 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.

About ICAI

• The Institute of Chartered Accountants of India (ICAI) is a statutory body established by an Act of Parliament of India, The Chartered Accountants Act, 1949′, to regulate the profession of Chartered Accountancy in India.
• Qatar Financial Centre Authority (QFCA) an independent legal entity established pursuant to Law No. (7) of 2005,is responsible for the development and promotion of the QFC as a world-class on-shore financial and business centre in the State of Qatar.