<h1>ICAI and SOCPA Sign MoU in New Delhi to Enhance Accounting Standards and Bilateral Relations between India and Saudi Arabia.</h1> The Institute of Chartered Accountants of India (ICAI) and the Saudi Organization for Certified Public Accountants (SOCPA) have signed a Memorandum of Understanding in New Delhi. The agreement aims to foster cooperation in areas such as corporate governance, technical research, quality assurance, and forensic accounting. This collaboration is intended to support the development of the accountancy profession in Saudi Arabia, enhancing bilateral relations between India and Saudi Arabia. The partnership seeks to leverage the professional expertise of both organizations to address issues pertinent to Small and Medium Sized Practices (SMPs) and other accounting challenges.