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Big 4 scores a win as ICAI pauses 'global networking norms'
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.
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economictimes.indiatimes.com
Timeline cronologica
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ICAI may pause global network guidelines to address stakeholder concerns
The Institute of Chartered Accountants of India may pause its global networking guidelines. This decision comes after significant concerns were raised by various stakeholders.…
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Big 4 scores a win as ICAI pauses 'global networking norms'
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.…