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Industry & Economy - Accountancy
ICWAI signs pact with US institute

Our Bureau

New Delhi, April 30 The Institute of Cost and Works Accountants of India (ICWAI) has entered into a memorandum of understanding (MoU) with the Institute of Management Accountants (IMA), USA.

The MoU will enable recognition of the professional qualification of the respective institutes. Both the institutes will develop the profession of management accountancy for the benefit of their members and students.

According tothe MoU, a member of ICWAI can get enrolled as a member of IMA USA and vice-versa. However, an IMA member enrolling as a member of ICWAI will not be allowed to hold a certificate of practice to undertake any statutory work in India.

“ICWAI will enhance its global presence through this MoU and members of both the institutes will immensely benefit from recognition of both certifications. The MoU will also help in applied research in areas of specific interest related to management accounting”, Mr Kunal Banerjee, President of ICWAI, said in a statement here.

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