Offending audit cos under ICAI scanner
Accountant Body Mulls Rotation of Auditors
Hit hard by the Satyam scam and the damage it dealt to the auditing profession, regulator ICAI is considering a proposal to penalize offending audit firms itself and is also looking at radical steps like rotation of audit firms every five years. The government also favours the rotation measure.
POSSIBEL QUEASTION ON: ICAI
The Institute of Chartered Accountants of India (ICAI) is a statutory body established under the Chartered Accountants Act, 1949 (Act No. XXXVIII of 1949) for the regulation of the profession of Chartered Accountants in India.
PRESIDENT: Amarjit Chopra
VICE-PRESIDENT: G Ramaswamy
