ICWAI signs MoU with Oman

New Delhi, Nov 21 (ANI): The Institute of Cost and Works Accountants of India (ICWAI) has entered into a Memorandum of Understanding (MoU) with a prominent corporate group of Oman: Omar Zawawi Establishment LLC ( OMZEST ) to promote an institute of cost and management accountants in Oman.

OMZEST has diverse commercial interests including promoting higher education in Oman

According to Kunal Banerjee, President, ICWAI, the Global Summit of Management Accountants, which was held in January 2008 in Delhi gave a fillip to the efforts of ICWAI to go beyond the country and make its presence felt as a driving force of management accounting profession in the global arena.

As a continuum of this process, it is co-promoting a new management accounting body in Gulf in the Sultanate of Oman.

In terms of this MOU, ICWAI will be technically guiding Oman in developing the syllabus relevant for the Omanese economy and help them in conducting the examinations periodically.

The pass certificates will be awarded by Institute of Management Accountants Oman (IMA Oman). In the first phase, technician level courses will be introduced, which would be followed by business accounting certification and later on by the management accounting qualification. The course will also include training modules with the Omanese business units for the students.

The Confederation of Asian and Pacific Accountants (CAPA) and the South Asian Federation of Accountants (SAFA), are also planning to establish an Institute of Management Accountants in Oman (IMAO).

In this case also ICWAI will play the role of technical collaborator, professional service provider, consultant to academics programme for designing the course syllabus of IMAO for awarding Certificates.

The certificates awarded by IMAO will specifically mention that this programme has been designed and examinations conducted by ICWAI. (ANI)