A Memorandum of Understanding (MoU) was signed between the National Institute of Rural Development & Panchayati Raj (NIRDPR) and Institute of Chartered Accountants of India (ICAI), in virtual mode, on Thursday.
The pact between these two institutions will lead to collaboration for development of accounting or auditing standards for rural local bodies, ensuring accountability and transparency through social audit, maintenance of proper books of Accounts & Finance by various rural development functionaries, better systems of internal audit and control through data mining, and preparation of detailed project reports by rural micro and small entrepreneurs.
