In the presence of Prime Minister of India, Narendra Modi and Prime Minister of Nepal, Sher Bahadur Deuba, a Memorandum of Understanding (MoU) was signed between the Institute of Chartered Accountants of India (ICAI) and Institute of Chartered Accountants of Nepal (ICAN) at New Delhi.
At the event, President of ICAI and President of ICAN, CA Nilesh S. Vikamsey and CA Prakash Jung Thapa respectively, exchanged the signed copies of the MoU setting another milestone between the two nations in the field of Accountancy.
The main aim of the MoU is to promote mutual co-operation for the advancement of the professional accounting knowledge.
ICAI is present in Nepal and has a strong base of 5000 members and the MoU between the two countries aims at working together and sharing knowledge and best practices among the professionals of the both nations.
ICAI played an important role in the establishment of ICAN in 1997. ICAI also played an important role in establishing the process related to examination.
ICAI also helped the ICAN by extending the technical and expert manpower which helped the ICAN in establishing the educational and developmental functions related to profession of Accountancy in Nepal.