BIBF, ICAI in pact to expand auditing knowledge base within Bahrain

Manama : The Bahrain Institute of Banking and Finance (BIBF) and the Institute of Chartered Accountants of India (ICAI) signed a Memorandum of Understanding (MoU) yesterday to strengthen the accounting, financial and audit knowledge base within Bahrain. nder the provisions of MoU, ICAI will provide technical assistance to BIBF by reviewing the current curriculum and recommend CA Course curriculum that will facilitate BIBF students to write ICAI’s Examination with an aim to acquire membership of ICAI. Further, the two parties will collaborate in holding ICAI’s professional examination for qualified BIBF students. 

The approval to sign the MoU was granted recently by the Indian Union Cabinet chaired by Prime Minister Narendra Modi, and was signed at the BIBF premises, Bahrain, by Naveen ND Gupta, President of ICAI, and Dr Ahmed Al Shaikh, Director of BIBF. 

Also, present at the signing were ICAI Vice President, Prafulla Chhajed, Central Council Member Tarun Ghia, Om Prakash, Second Secretary – Embassy of India, Ali Makki, Assistant Undersecretary of Commercial Registration & Companies, MOICT, Chairperson CA Uday Shanbhag, Vice Chairperson CA Sridhar S, Excom Members and Past Chairpersons of BCICAI and from the BIBF side were CFO CA Jaideep Rana, Burhanu Deen Jayah, Head of Banking & Accounting Centre. On this occasion, Naveen N.D Gupta said, “The objective of this collaboration is to enhance local skills and talents in the field of Accounting and Finance and beyond.”