The Institute of Chartered Accountants of India or ICAI started 2009 on the Satyam note. India’s biggest corporate fraud involving two PricewaterhouseCoopers (PwC) auditors, one of whom was an ICAI counsel member. It is ending the year with the ugly incident of an alleged Booth capturing during the council elections. A year that incidentally is the diamond jubilee year of the ICAI. What is going on at the ICAI? Is it a crisis of leadership or has politicking ruined this system? Can Chartered Accountants (CA) be asked to regulate their own fraternity or do we need an outsider to do so?
On CNBC-TV18’s show, The Firm, to give some answers and some solutions to these problems, an discussion was arranged under the presence of DD Rathi (CA), Group Executive President, Aditya Birla Management Corporation and Sunil Talati(CA), Former President of ICAI - year 2007 & 2008 and Senior Partner at Talati & Talati.
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MM Chitale, Former President of ICAI; YM Kale, Former President of ICAI and Group President of Hinduja Group (India); and TV Mohandas Pai, Director & Head - HR at Infosys.
Check these links to watch video on what Uttam Prakash Agrawal had to say & the other council members showed their views in the 2 episode discussion....
https://www.moneycontrol.com/video/management/the-statethe-icai_430509.html
https://www.moneycontrol.com/video/management/icai-structural-reform_431746.html
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