The Institute of Singapore Chartered Accountants (ISCA) and the Institute of Chartered Accountants of India (ICAI) have agreed to strengthen cooperation in AI training and mutual recognition of professional qualifications. Under the collaboration, ISCA signed a Letter of Intent to launch a global AI capability initiative, based on its AI capability program, to provide practical and responsible AI learning for over 1.5 million ICAI members and students. In addition, ISCA also approved a modular exemption agreement, offering eligible ICAI members exemptions towards the Singapore Chartered Accountant qualification, which will be effective from August 21, 2026.