Monopoly of CA institute

CMA. Rakesh Kataria (Practising Cost Accountant)   (531 Points)

28 May 2011  

In India, member of Institute of Chartered Accountant of India is allowed to do audit of financial accounts.

Can we need more Institutes’ to train the accountants, or one is enough.

Can monopoly of one institute is causing problems relating to supply of quality accountants to Indian industry.

Is Indian Industry have no other option but to appoint CA for the financial audit.