MANU/PIBU/0495/2017

Department/Board : Press Information Bureau

Date : 03.05.2017

Cabinet approves MoU signed in 2011 and Renewal of MoU between the Institute of Chartered Accountants of India and Higher Colleges of Technology, United Arab Emirates

The Union Cabinet chaired by the Prime Minister Shri Narendra Modi has given its ex-post facto approval for the Memorandum of Understanding (MoU) signed in 2011 and Renewal of MoU between the Institute of Chartered Accountants, of India (ICAI) and Higher Colleges of Technology (HCT), United Arab Emirates.

The renewal of the MoU with the HCT, UAE is on the following terms:-

1. ICAI will provide technical assistance to HCT by reviewing the current curriculum of HCT related to accounting and finance;

2. ICAI will recommend introduction of new/revised courses and modules that will facilitate HCT students to write ICAI's Technical professional Examination with aim to acquire membership of ICAI;

3. ICAI will provide technical assistance in holding ICAI's professional examination for qualified HCT students;

4. ICAI will collaborate to provide seminars and workshops for HCT students and faculty;

5. ICAI will provide specialized relevant Adjunct faculty on mutually agreeable basis;

6. ICAI will provide certification courses for HCT students;

7. HCT will provide facilities to hold ICAI's professional and technical exams;

8. HCT and ICAI will encourage faculty and student exchange programmes;

9. HCT and ICAI will collaborate to hold professional development and technical events, seminars and conferences at various HCT's colleges in UAE. HCT will provide venue for such events and will encourage its students and faculty member to attend these events;

10. HCT and ICAI will collaborate to offer short professional courses in the domain of accounting, finance and audit in UAE via HCT's Centre of Excellence for applied Research and Training (CERT).

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