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ICAI expects to finalise international networking guidelines for CA firms this fiscal
ICAI plans new guidelines for Indian CA firms to go global. The institute aims to create larger firms that can compete internationally. ICAI is simplifying merger norms and easing advertising restrictions. These changes require amendments to the Chartered Accountants Act. ICAI also opposes proposed changes to auditing standards by the NFRA.
ICAI expects to finalise the international networking guidelines for Indian chartered accountant firms this fiscal, its President Ranjeet Kumar Agarwal said on Monday, as efforts continue to have big domestic CA firms that can compete globally. Currently, there are no guidelines for international networking of Indian CA firms.
The Institute of Chartered Accountants of India (ICAI), which has more than four lakh members, is also working on ways as part of larger efforts to make the country a global accounting and auditing hub.
Agarwal said at a briefing in the national capital that the institute is working on the international networking guidelines as the target is to make Indian CA firms bigger and global.
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