ICAN and ICAI Sign Mutual Recognition Agreement
The Institute of Chartered Accountants of Nepal (ICAN) and the Institute of Chartered Accountants of India (ICAI) signed a Mutual Recognition Agreement (MRA) on 29 September 2026 at ICAI Bhawan, Indraprastha Marg, New Delhi.This is the extension of the existing MRA between the two Institutes. The MRA has been extended for next 5 years until 20 October 2030.
The MRA was signed by CA Anand Raj Sharma Wagle, President of ICAN, and CA Prasanna Kumar D, President of ICAI. The signing ceremony was attended by CA Hem Kumar Kafle, Vice President of ICAN; CA Mangesh Kinare, Vice President of ICAI; CA Bimal Dangol, Executive Director of ICAN; Members of the ICAI Council; and officials of both the Institutes.
Under the MRA, qualified Chartered Accountants of either Institutes can become members of the other Institute, with credit for their existing qualification, after passing specified examination papers of the other Institute. The agreement applies to members in good standing who qualified through their Institute's regular education and training route. It also provides for recognition of articleship training. Practising rights for members joining the other Institute are governed by the laws and regulations of the respective countries.
Before the signing, a two-day exposure and training programme was held for ICAN officials, with sessions led by ICAI officials delivering insights on latest trends and development around CA education, Continuing Professional Education (CPE), digital transformation and AI, examination management, and regulatory matters. The programme allowed the two Institutes to share and exchange their experience and learnings of systems, processes, and practices in these areas and determine potential areas for future collaborations.
The extension of the MRA marks another significant milestone in ICAN-ICAI relations. It opens continued opportunities for professional mobility for Chartered Accountants of Nepal and India. It also reflects ICAN's commitment to international cooperation and to strengthening the global recognition of the Nepali CA Qualification.