ICAI pauses 'global networking norms'
Synopsis The Institute of Chartered Accountants of India's networking guidelines have been put on hold. Influential Big 4 firms lobbied the government against these new
Synopsis The Institute of Chartered Accountants of India's networking guidelines have been put on hold. Influential Big 4 firms lobbied the government against these new compliance rules.
The guidelines introduced onerous compliance and penal provisions for local audit firms. The Ministry of Corporate Affairs also raised concerns with the ICAI. This development
seems to have paid off for the global consultancies.
The BriefWire