<h1>India-UK Accounting Institutes Sign MoU to Mutual Recognition of Qualifications, Boosting Global Opportunities for Chartered Accountants.</h1> The Union Cabinet, led by the Prime Minister, has approved a Memorandum of Understanding between the Institute of Chartered Accountants of India (ICAI) and the Institute of Chartered Accountants in England & Wales (ICAEW). This agreement aims to recognize each other's qualifications and training, allowing members to be admitted under a bridging mechanism. Both parties will share information on changes to qualifying requirements and policies. The collaboration is expected to create professional opportunities for Indian chartered accountants in the UK and those seeking global opportunities.