The Institute of Chartered Accountants of India (ICAI) and CPA Australia have extended their Mutual Recognition Agreement (MRA) for another five years.
The MRA sets out a formal framework for mutually recognising the professional qualifications of eligible members of both bodies.
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It is aimed at supporting cross-border career mobility while maintaining professional, ethical and competency standards.
The renewal was signed at the ICAI’s headquarters in New Delhi, India.
ICAI president Prasanna Kumar D said: “The renewal of this MRA marks a significant milestone in the long-standing relationship between ICAI and CPA Australia.
“It reflects the confidence that both institutions have in each other’s professional standards and our commitment towards advancing excellence, ethics and innovation in the global accountancy profession.
“As the profession continues to evolve, this partnership will create greater opportunities for our members and contribute meaningfully to strengthening the global financial ecosystem.”
At the event, CPA Australia chief Chris Freeland acknowledged the “significant contribution” of Indian financial professionals to the global accounting sector.
He expressed confidence that the renewed agreement would drive deeper cooperation in professional growth, capability development and international talent mobility.
After the signing, the visiting CPA Australia delegation held an interactive session with members of the ICAI Central Council.
Participants discussed trends shaping the accounting profession, including technological change, sustainability reporting, capacity building and future areas for closer cooperation.
ICAI vice-president Mangesh Kinare stated: “ICAI’s Chapters in Sydney, Melbourne, Brisbane and Adelaide work closely with CPA Australia through joint professional initiatives, technical programmes and knowledge-sharing activities, further strengthening the partnership between the two organisations.”
In May this year, the ICAI unveiled plans to reshape its chartered accountant curriculum to meet the evolving digital and professional landscape.
