IIPA-ICAI MoU on Municipal Accounting and Financial Governance
Why in the news
Two national institutions joined hands to improve how cities and towns keep their books and manage money.
Key facts
- Signatories: Indian Institute of Public Administration (IIPA) and Institute of Chartered Accountants of India (ICAI).
- Duration: three years.
- Focus: municipal accounting and financial management.
- Activities: research, capacity building, training programmes and advisory support.
- Beneficiaries: Urban Local Bodies (ULBs).
Significance
- Aims to raise transparency and accountability in urban bodies’ finances.
Exam angle
- Full forms: IIPA and ICAI.
- MoU term: three years.
- Target institutions: Urban Local Bodies.