The Institute of Chartered Accountants of India (ICAI) has signed a Memorandum of Understanding (MoU) with the Indian Government’s Department of Posts (DoP) to support its changeover from cash-based accounting to accrual-based accounting.

As part of the agreement ICAI will help organise training programmes on accrual basis of accounting for the DoP postal accounts offices of all 22 circles on a pan-India basis.

ICAI said the first two programmes in the series have been held in Jaipur and Bangalore.

DoP is part of India’s Ministry of Communication and Information Technology.

Department of Posts

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