Quick Summary
In a dynamic call to action, Finance Minister Nirmala Sitharaman on Tuesday urged the Bihar chapter of the Institute of Chartered Accountants of India (ICAI) to spearhead the creation of a formidable Indian auditing firm. This firm, she envisages, should aspire to join the ranks of the globally renowned Big Four and attract international clients. During an engaging interaction with the ICAI in Patna, Sitharaman emphasized the importance of setting ambitious goals as part of their 100-day agen
Daily Limit Reached
You have reached your daily limit of 2 Free News
Subscribe to CCI PRO for unlimited access
Why Upgrade to CCI PRO?
- No Ads
- WhatsApp Community
- Daily E-Newsletter
- Unlimited News Access
- Profile Visitors
- Link Social Profiles
- Featured Job Posts
- Pro Badge
- Expert GST Guidance
- Unlimited Forum Replies
- Download Content in PDF
1 Year PLAN
1999
(Excl. of GST ₹359)
2 Years PLAN
3499
(Excl. of GST ₹629)
BEST VALUE
3 Years PLAN
4999
(Excl. of GST ₹899)
View all CCI PRO benefits
Already a PRO member? Login here for an ad-free experience. 07941056694
FAQ :
She urged the ICAI, particularly its Bihar chapter, to spearhead the creation of a formidable Indian auditing firm that could rival the global 'Big Four' and attract international clients.
The 'Big Four' refers to the four largest professional services networks in the world, which offer audit, assurance, tax, management consulting, and advisory services: Deloitte, EY, KPMG, and PwC.
She believes that India has many highly respected and capable Chartered Accountants worldwide, and they should aim to build a top-tier firm from India rather than primarily becoming leaders within existing international firms.
The initiative is part of a larger vision to make India a developed country by 2047, with a specific focus on making eastern states like Bihar engines of national growth.
Bihar has been identified as having the potential to demonstrate significant leadership and innovation in accounting, and the Finance Minister challenged the Bihar ICAI to take the lead in establishing the new firm.
CAclubindia
