Indian accountants urged to globalise.


The rise of foreign direct investment into India and the rapid international expansion of the country's companies requires Indian accountancy practices to go global, according to the president of the Indian Chartered Accountants of India (ICAI).

The ICAI recently signed a Memorandum of Understanding with the Canadian Institute for Chartered Accountants, and is also working with the New Zealand Institute of Chartered Accountants.

Indian accountants are in demand because of the adoption of International Financial Reporting Standards...

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