Chartered Accountants Gets A Reality Check

NEW DELHI, INDIA (GaeaTimes.com)- The Institute of Chartered Accountants which happens to be one of the chief accounting regulators has plans to go ahead with a reality check to access the impact of Singapore firms. Reportedly, The Institute of Chartered Accountants are concerned about the number of openings that the country’s accountants might get from the sector.

Both the Indian as well as the Singaporean Government has asked all professional bodies from each country to meet all sidelines. Speaking on the same note was a Institute of Chartered Accountants official who told the media that the trade flow in the sector is bound to rise in the commercial market in upcoming months. The Institute of Chartered Accountants of India called all it’s members to share their own views on the possible bilateral agreement which is to be settled between India and Singapore. It was in the year of 2005 when Indo-Singapore comprehensive economic cooperation agreement came into existence. It was expected that the agreement shall facilitate the county to dismantle all roadblock in the way of trade goods.

The inability and the unwillingness to end the mutual recognition agreements led to the recognition of domestic qualifications for the two partner nations. The Institute of Chartered Accountants officials were of the opinion that the questionnaire was sent over to them for Indo-Singapore CECA. The Institute of Chartered Accountants laid special emphasis upon the Indian sector itself. It was also said that the agreement shall provide all domestic accountants an unique chance to work under present market conditions. TheInstitute of Chartered Accountants also wants to assess the overall impact of Singapore-based firms which are all set to put their first footprint on the Indian soil.