<h1>India-UK Accounting MoU Renewed: ICAI and ICAEW to Enhance Cooperation and Opportunities for Chartered Accountants.</h1> The Union Cabinet, led by the Prime Minister, approved the ex-post facto approval and renewal of the Memorandum of Understanding (MoU) between the Institute of Chartered Accountants of India (ICAI) and the Institute of Chartered Accountants in England and Wales (ICAEW). This MoU, initially signed in 2008 and renewed in 2014, aims to foster cooperation and enhance professional opportunities for Indian Chartered Accountants in the UK. It supports mutual recognition of qualifications and encourages professional development without financial implications for the Indian government. The agreement is non-binding and focuses on advancing the accounting profession in both regions.