{"id":113590,"date":"2021-05-24T11:43:32","date_gmt":"2021-05-24T11:43:32","guid":{"rendered":"https:\/\/www.edristi.in\/?p=113590"},"modified":"2021-05-24T11:43:34","modified_gmt":"2021-05-24T11:43:34","slug":"agreement-between-icai-qfca","status":"publish","type":"post","link":"https:\/\/www.edristi.in\/hi\/%e0%a4%b9%e0%a5%8b%e0%a4%ae\/agreement-between-icai-qfca\/","title":{"rendered":"Agreement between ICAI-QFCA"},"content":{"rendered":"\n<p class=\"wp-block-paragraph\"><strong>Question- On 12 May 2021, the Union Cabinet approved the Memorandum of Understanding between the Institute of Chartered Accountants of India (ICAI) and the Qatar Financial Center Authority. ICAI has an active unit in Doha(Qatar)\u201a which was established in &#8212;<br><\/strong>(a) Year 1978<br>(b) Year 1980<br>(c) year 1981<br>(d) Year 1984<br><strong>Answer &#8211; (c)<br>Related facts<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\"><li>On 12 May 2021, the Union Cabinet approved the Memorandum of Understanding between the Institute of Chartered Accountants of India (ICAI) and the Qatar Financial Center Authority.<\/li><li>The MoU would enhance cooperation between the Institutes to work together to strengthen the Accounting profession and entrepreneurship base in Qatar.<\/li><\/ul>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Impact:<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\"><li>ICAI has a strong membership base of over 6000 members in Middle East and Qatar (Doha) Chapter is amongst the most vibrant Chapters of ICAI. ICAI members hold key positions in various private and public companies and are actively involved in support and development of the accounting profession in Qatar.<\/li><li>The signing of this MoU would provide an additional impetus to prospects of the ICAI Members in the entire Middle Eastern Region to have better recognition, together with working to support Indian businesses desirous of doing business in Qatar and thus supporting the growth of Qatar and India&#8217;s economies.<\/li><\/ul>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Benefits:<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\"><li>ICAI has an active Chapter in Doha, Qatar which was established in the year 1981 and is the oldest among the 36 overseas Chapters of the ICAI. The membership of the Chapter has grown steadily since its founding days and presently has over 300 members who hold key positions in various private and public companies and are actively involved in support and development of the accounting profession in Qatar.<\/li><li>This MoU will benefit Ministry of Corporate Affairs, Institute of Chartered Accountants of India and Qatar Financial Centre Authority.<\/li><\/ul>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Implementation strategy and Targets:<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\"><li>MoU will endeavourto increase opportunities for members of ICAI to provide professional services through setting up practice for providing professional services in the State of Qatar in the areas of assurance and auditing, advisory, taxation, financial services and allied areas.<\/li><li>ICAI shall also nurture and develop local Qatar professionals, entrepreneurs and students through a specialized training programme, in collaboration with QFCA.<\/li><li>ICAI and QFCA will work together to explore the opportunities for Indian businesses in Qatar by organizing roundtables, networking events etc., as the case may be mutually agreed.<\/li><li>ICAI and QFCA shall collaborate on opportunities that may arise in the fields of corporate governance, technical research and advice, quality assurance, forensic accounting, issues for small and medium sized practices (SMPs), Islamic Finance, Continuing Professional Development (CPD) and other subjects of mutual interest.<\/li><\/ul>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>ICAI<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\"><li>The Institute of Chartered Accountants of India (ICAI) is a statutory body established by an Act of Parliament of India, The Chartered Accountants Act, 1949&#8242;, to regulate the profession of Chartered Accountancy in India.<\/li><\/ul>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Link:<\/strong><br><a href=\"https:\/\/pib.gov.in\/PressReleseDetailm.aspx?PRID=1717947\" target=\"_blank\" rel=\"noreferrer noopener\">https:\/\/pib.gov.in\/PressReleseDetailm.aspx?PRID=1717947<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Question- On 12 May 2021, the Union Cabinet approved the Memorandum of Understanding between the Institute of Chartered Accountants of India (ICAI) and the Qatar Financial Center Authority. ICAI has an active unit in Doha(Qatar)\u201a which was established in &#8212;(a) Year 1978(b) Year 1980(c) year 1981(d) Year 1984Answer &#8211; (c)Related facts On 12 May 2021, [&hellip;]<\/p>\n","protected":false},"author":9,"featured_media":113591,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1151],"tags":[],"class_list":["post-113590","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-tta"],"_links":{"self":[{"href":"https:\/\/www.edristi.in\/hi\/%e0%a4%b9%e0%a5%8b%e0%a4%ae\/wp-json\/wp\/v2\/posts\/113590","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.edristi.in\/hi\/%e0%a4%b9%e0%a5%8b%e0%a4%ae\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.edristi.in\/hi\/%e0%a4%b9%e0%a5%8b%e0%a4%ae\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.edristi.in\/hi\/%e0%a4%b9%e0%a5%8b%e0%a4%ae\/wp-json\/wp\/v2\/users\/9"}],"replies":[{"embeddable":true,"href":"https:\/\/www.edristi.in\/hi\/%e0%a4%b9%e0%a5%8b%e0%a4%ae\/wp-json\/wp\/v2\/comments?post=113590"}],"version-history":[{"count":1,"href":"https:\/\/www.edristi.in\/hi\/%e0%a4%b9%e0%a5%8b%e0%a4%ae\/wp-json\/wp\/v2\/posts\/113590\/revisions"}],"predecessor-version":[{"id":113592,"href":"https:\/\/www.edristi.in\/hi\/%e0%a4%b9%e0%a5%8b%e0%a4%ae\/wp-json\/wp\/v2\/posts\/113590\/revisions\/113592"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.edristi.in\/hi\/%e0%a4%b9%e0%a5%8b%e0%a4%ae\/wp-json\/wp\/v2\/media\/113591"}],"wp:attachment":[{"href":"https:\/\/www.edristi.in\/hi\/%e0%a4%b9%e0%a5%8b%e0%a4%ae\/wp-json\/wp\/v2\/media?parent=113590"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.edristi.in\/hi\/%e0%a4%b9%e0%a5%8b%e0%a4%ae\/wp-json\/wp\/v2\/categories?post=113590"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.edristi.in\/hi\/%e0%a4%b9%e0%a5%8b%e0%a4%ae\/wp-json\/wp\/v2\/tags?post=113590"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}