ICAI & SCOPE sign MOU for mutual cooperation

At a ceremony held on 14th July, 2022 in Bhabha Chamber of SCOPE auditorium, New Delhi, a Memorandum of Understanding was signed between the Institute of Chartered Accountants of India and Standing Conference of Public Enterprises.

Seen in the picture (from L to R) are: CA. Rajendra Prasad Goyal, Director (Finance), NHPC, CA. Subodh Gupta, Director (Finance), BHEL, Shri Atul Sobti, Director General, SCOPE, CA. Ranjeet Kumar Agarwal, Chairman, CMI&B, ICAI, CA. (Dr.) Jai Kumar Batra, Secretary, ICAI, CA. (Dr.) Raj Chawla, Vice Chairman, CMI&B and CA. Hans Raj Chugh, Former Chairman, CMI&B.

The MOU paves way for

• Knowledge partnership – providing resource persons by ICAI to SCOPE and its various member organisations on request
• Conducting seminars/ webinars / workshops on mutually identified subjects in the areas of finance, economics, law or any other subject that the parties may agree.
• Conducting joint research and studies on pertinent and mutually identified subjects by the parties.
• Jointly undertaking policy issues wrt complex accounting practices, disclosures, taxation, international treaties, international taxation, corporate law, etc. with the Government and policy makers.
• Jointly conducting workshops on recent developments in accounting standards and practices.
• Providing clarifications with respect to complex accounting treatments especially where there is lack of clarity may be extended by ICAI to respective Public Sector Enterprises (PSEs) through SCOPE on a mutually agreed consideration between the respective PSE and ICAI.
• Providing sector specific training by ICAI to Member organisations of SCOPE as identified by SCOPE
• Placement support by ICAI to SCOPE & Member Organisations of SCOPE
• ICAI to continue to extend its existing policy of providing industrial trainees to the Chartered Accountants engaged with SCOPE and Member-Organisations of SCOPE

The MOU was signed in the presence of CA. Ranjeet Kumar Agarwal, Chairman, Committee for Members in Industry & Business (CMI&B), ICAI and CA. (Dr.) Raj Chawla, Vice Chairman, CMI&B, ICAI by Secretary, CA. (Dr.) Jai Kumar Batra and on behalf of SCOPE by its Director General, Shri Atul Sobti.