The Institute of Chartered Accountants of India (ICAI) has signed a pact with the Qatar Financial Centre (QFC), paving the way for exporting accounting services to Qatar and exploring professional and business opportunities for the ICAI members.
The signing of a memorandum of understanding (MoU) would provide an additional impetus to prospects of the ICAI members in the entire Middle Eastern region to have better recognition, together with working to support Indian businesses desirous of doing business in Qatar and thus supporting the growth of Qatar and India’s economies.
The signing of the agreement comes after India's Cabinet approved it in May this year. The ICAI, a statutory body established by an Act of Parliament of India, has an active Doha chapter, which was established in 1981 and the oldest among the 36 overseas chapters.
The MoU will endeavour to increase opportunities for members of ICAI to provide professional services through setting up practice for providing professional services in Qatar in the areas of assurance and auditing, advisory, taxation, financial services and allied areas.
The ICAI shall nurture and develop local professionals, entrepreneurs and students through a specialised training programme, in collaboration with QFCA.
The ICAI and QFCA would work together to explore the opportunities for Indian businesses in Qatar by organising roundtables, networking and such other events.
Both ICAI and QFCA shall collaborate on opportunities that may arise in the fields of corporate governance, technical research and advice, quality assurance, forensic accounting, issues for small and medium sized practices, Islamic finance, continuing professional development and other subjects of mutual interest.
The ICAI has a strong membership base of more than 6,000 members in Middle East and Qatar (Doha) Chapter is amongst the most vibrant chapters of ICAI.
The ICAI members hold key positions in various private and public companies and are actively involved in support and development of the accounting profession in Qatar.
The signing of a memorandum of understanding (MoU) would provide an additional impetus to prospects of the ICAI members in the entire Middle Eastern region to have better recognition, together with working to support Indian businesses desirous of doing business in Qatar and thus supporting the growth of Qatar and India’s economies.
The signing of the agreement comes after India's Cabinet approved it in May this year. The ICAI, a statutory body established by an Act of Parliament of India, has an active Doha chapter, which was established in 1981 and the oldest among the 36 overseas chapters.
The MoU will endeavour to increase opportunities for members of ICAI to provide professional services through setting up practice for providing professional services in Qatar in the areas of assurance and auditing, advisory, taxation, financial services and allied areas.
The ICAI shall nurture and develop local professionals, entrepreneurs and students through a specialised training programme, in collaboration with QFCA.
The ICAI and QFCA would work together to explore the opportunities for Indian businesses in Qatar by organising roundtables, networking and such other events.
Both ICAI and QFCA shall collaborate on opportunities that may arise in the fields of corporate governance, technical research and advice, quality assurance, forensic accounting, issues for small and medium sized practices, Islamic finance, continuing professional development and other subjects of mutual interest.
The ICAI has a strong membership base of more than 6,000 members in Middle East and Qatar (Doha) Chapter is amongst the most vibrant chapters of ICAI.
The ICAI members hold key positions in various private and public companies and are actively involved in support and development of the accounting profession in Qatar.