New Delhi, April 22 -- Comptroller and Auditor General (CAG) of India has signed a Memorandum of Understanding (MoU) with the Institute of Chartered Accountants of India (ICAI), aimed at strengthening the capacity building framework in the areas of commercial accounting and financial auditing, taxation and other related aspects in the institution of CAG of India.

The signing ceremony was held here yesterday in the presence of K. Sanjay Murthy, Comptroller and Auditor General of India, along with senior officers from the respective institutions.

CAG stated that, "The MoU would help in strengthening professional capacity for achieving the greater goal of contributing towards economic growth and development. Capacity building of the human ...