<h1>Cabinet Approves MoU Between ICAI and CA ANZ to Enhance Opportunities and Address Global Accounting Challenges.</h1> The Cabinet, led by the Prime Minister, has approved a Memorandum of Understanding (MoU) between the Institute of Chartered Accountants of India (ICAI) and Chartered Accountants Australia and New Zealand (CA ANZ). This agreement aims to foster a mutually beneficial relationship, enhancing professional opportunities for members and students while addressing global challenges in the accounting profession. It includes mutual recognition of qualifications and a bridging mechanism for membership. The collaboration is expected to boost employment prospects for Indian Chartered Accountants and increase remittances to India, contributing to the advancement of the accounting profession in the involved countries.