On 25th May 2021, the Government of India approved the Memorandum of Understanding signed by Institute of Cost Accountants of India (ICoAl) and the Institute of Company Secretaries of India (ICSI) with foreign countries and organizations.

These MOUs will help Institute of Cost Accountants of India (ICoAl) and the Institute of Company Secretaries of India (ICSI) in the advancement of the goals on equity, public accountability, and innovation among the beneficiary countries.

The Government of India approving these MOUs seeks to felicitate mutual recognition of qualification and range of collaborative exchange of knowledge experience sharing and Technical operations by the way of participation in the annual conference, and training program, workshops seminars, and joint research programs.

The Institute of Cost Accountants of India (ICoAl) and the Institute of Company Secretaries of India (ICSI) have signed MoUs with foreign organizations namely the Institute of Public Accountants (IPA), Australia, Chartered Institute for Securities and Investment, UK (CISI), Chartered Institute of Public Finance and Accountancy (CIPFA), UK, Institute of Certified Management Accountants, Sri Lanka and Institute of Chartered Secretaries and Administrators (ICSA), UK.