ICAI opposes the proposal to introduce 3 non-CA members to the committee
The Institute of Chartered Accountants of India said it would oppose the Center’s proposal to introduce three non-CA members to the ICAI Discipline Committee, arguing that the move would affect a judgment fair.
The government, through the 2021 bill on chartered accountants, cost and work accountants and company secretaries (amendment), proposed the inclusion of two CAs and three non-CAs in the ICAI Disciplinary Committee.
Currently, the panel includes two non-CA candidates and three ICAI members.
The bill was sent by Lok Sabha to a standing parliamentary committee for consideration.
We oppose the proposal and will present our case to the standing committee when we are invited to a hearing, ICAI Vice President Debasish Mitra told PTI on the sidelines of a program here on Wednesday.
He said that non-CAs will not have the in-depth knowledge of accounting, which is essential for a fair judgment.
Mitra also said that ICAI will focus on adapting new technologies such as artificial intelligence, as well as forensic auditing and upgrading its code of ethics.
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