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India's CAs and Saudi accountants to work for small and medium practices

Updated: Jun 20, 2014 11:05:18am
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New Delhi, Jun 20 (KNN) The Institute of Chartered Accountants of India  has signed an MoU  with the Saudi Organization for Certified Public Accountants (SOCPA) for  working together in establishing co-operation in respect of corporate governance, technical research and advice, quality assurance, forensic accounting, issues for small and  medium sized practices (SMPs).

K Raghu, President, ICAI commented on the two organisation joining hands. “This MoU will establish closer working linkages between ICAI and SOCPA as it will enable the two to draw synergies from the professional expertise available with each other in areas of accounting, technical research, corporate governance and alike”.

As ICAI has taken upon itself being a mentor and collaborative partner to transition economies, developing of accountancy profession in Saudi Arabia is a step forward in achieving the desired goal, an official release said.  

Mohammad Alaqeel, Assistant Secretary General for Membership and Professional Development, SOCPA stated “This MoU would be a step forward to strengthen bilateral relation between India and Saudi Arbia”.  (KNN Bureau)

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