ICAI and CPA Canada sign MoU for greater mobility of professionals

NEW DELHI, NOVEMBER 21: The Institute of Chartered Accountants of India (ICAI) has signed the Memorandum of Understanding (MoU) with the Chartered Professional Accountants of Canada (CPA Canada). Signing of the MoU between ICAI & CPA Canada would facilitate mutual recognition of each other’s qualification and admit the members in good standing by prescribing a bridging mechanism between the two Institutes.

While signing the MoU, CA. Naveen N D Gupta, President, ICAI mentioned “Canada is one of the most favoured destinations for Indian professionals looking to explore global opportunities. The MoU will lead to greater mobility of professionals at either end and herald a new dimension of professional opportunities for Chartered Accountants of both the countries thus benefiting more than 1000 Indian CAs in Canada and other ICAI members in India who wish to get International qualification.”

Speaking at the occasion, Joy Thomas, President and CEO of CPA Canada expressed, “This MoU will help in integrating highly skilled professional accountants from India more quickly into the Canadian workforce and aligns with Canada’s strategy to attract top talent in support of strengthening the country’s capacity for innovation and productivity.”