The signing of the MoU between ICAI & ICPAK would facilitate collaborative approach to identify opportunities for both the institutions.
The Institute of Chartered Accountants of India (ICAI) has signed a Memorandum of Understanding (MoU) with the Institute of Certified Public Accountants of Kenya (ICPAK) in Nairobi, Kenya. The signing of the MoU between ICAI & ICPAK would facilitate a 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.
CA Naveen ND Gupta, President of ICAI, said, "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."
CPA Edwin Makori, Chief Executive Officer, ICPAK, stated, "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."
CA Prafulla P Chhajed, Vice President, ICAI, added, "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."