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Indian CAs to provide training in Africa
Monday April 08, 2013 07:14:22 PM,
IANS
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Kolkata: India's
chartered accountants will provide undertake capacity building and
provide training in around 21 nations in Africa, the Institute of
Chartered Accountants of India (ICAI) announced here Monday.
"We are aiming to provide technical support to around 21
pan-African nations. This will give a thrust to their education
sector and strengthen ties with them," ICAI president Subodh Kumar
Agrawal said at a media conference here.
"Technical support means that we will undertake capacity building
measures and impart training to their personnel. This will be
followed by setting up of chartered accountancy institutes in
these countries," Agrawal said.
Since they are small countries, we have to initiate capacity
building and training to prepare them in setting up the
institutes. We have recently trained people in Mozambique," he
added.
According to Agrawal, talks are on with the South African
Institute of Chartered Accountants to ink a deal with ICAI.
"Besides training, peer review will also be done. We can also give
our inputs for establishing accounting and auditing standards in
their countries. Their economic standards are different from ours,
so the same criteria will not work there," said Agrawal.
Agrawal said that besides Africa, ICAI has also "signed pacts with
various accounting bodies in the UK, Australia, Ireland and New
Zealand. This way our members can work there and vice versa".
According to Agrawal, the institute (with 21 chapters in foreign
countries) is in the process of signing treaties with Vietnam and
Bhutan.
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