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A Memorandum of Understanding (MOU) between The Institute of Chartered Accountants of India (ICAI) and Centre of Excellence for Applied Research and Training (CERT), Abu Dhabi was signed by CA. Manoharan T.N., President of ICAI and Dr. Tayeb Kamali, Vice Chairman of CERT. As per the MOU, ICAI and CERT have agreed to –
  • Conceptualize and devise an international curriculum in accountancy integrating local needs keeping in mind various requirements of different levels of accountancy and audit professionals.
  • Review the existing education and skill sets in the area of accountancy and auditing and a strategic plan prepared for the development of accountancy and auditing profession in the UAE which would ensure independence and impartiality.
  • Explore the establishment of an independent institute for promoting chartered accountancy as a profession in UAE.
President of ICAI, Mr. T.N. Manoharan said that it is a historic moment for the ICAI and the Accounting and Auditing Profession in UAE. With ever growing UAE economy and financial markets it is right moment that such an initiative is taken by the UAE government to regulate accounting, auditing and financial information disclosure activities to give better confidence to the investors. ICAI is proud to associate in this significant initiative.

He said ICAI had earlier assisted formation of the Institute of Chartered Accountants of Nepal in Nepal. Besides, ICAI helped the accounting bodies in Srilanka as well as in Nepal in launching the post qualification course on Information Systems Audit.

CERT has been set up in the UAE under the Ministry of Education with the mandate to develop the human resources of UAE. It seeks to develop a strong national workforce and introduce innovative technologies to the UAE and the region that enhance organizational efficiency and performance. CERT has extensive experience in the UAE and the Region in establishing forums and platforms across various disciplines to serve specific business and industry segments.
     
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