ICAI: Chartered Accountants Under Threat from Authorities

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The Institute of Chartered Accountants of India (ICAI) has voiced its concern that Chartered Accountants (CAs) are becoming soft targets for investigating authorities. This decision was made by the ICAI Central Council during a meeting on 20th May 2022, following discussions about recent arrests and instances of poor treatment of CAs. The institute released an official statement addressing the issue.

Decision has been taken by ICAI Central Council after deliberations on the matter related to recent arrest of Chartered Accountants & other instances of ill- treatment of CAs by investigating authorities in Council Meeting held on 20th May 2022.

The official statement released by the Institute is as follows

CAs are being made soft target

Also Read: Gurgaon GST Dept detains 2 CAs in a 15 crore refund case

FAQ :

The ICAI is concerned that Chartered Accountants are being made soft targets by investigating authorities.

The decision was made by the ICAI Central Council during a meeting held on 20th May 2022.

The concern was prompted by deliberations on recent arrests of Chartered Accountants and other instances of ill-treatment by investigating authorities.

Yes, an official statement has been released by the Institute regarding the matter.

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