Quick Summary
The Institute of Chartered Accountants of India (ICAI) has released a comprehensive Standard Operating Procedure (SOP) to guide police and other law enforcement agencies during investigations, searches, seizures, interrogations, detentions and arrests of Chartered Accountants (CAs). This initiative aims to ensure that the professional rights of CAs are safeguarded and that due process is followed in such cases. The SOP emphasizes that while CAs, like any professionals, must comply with legal in
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)
BEST VALUE
2 Years PLAN
3499
(Excl. of GST ₹629)
View all CCI PRO benefits
Already a PRO member? Login here for an ad-free experience. 011-411-70713
FAQ :
The ICAI SOP aims to guide law enforcement agencies on the proper procedures for investigating Chartered Accountants, ensuring their professional rights are safeguarded and due process is followed.
The SOP covers investigations, searches, seizures, interrogations, detentions, and arrests of Chartered Accountants.
When searching a CA's office, law enforcement must ensure no media is present and should only seize documents directly related to the specific client under investigation, not those of other clients.
During interrogation, a CA's chosen advocate should be present, and the session should be video recorded. Arrests should only be made if there's prima facie evidence of fraud or misappropriation, and law enforcement must comply with relevant sections of the Code of Criminal Procedure.
Yes, the SOP states that no disclosure of a Chartered Accountant's name should be made to the press until the investigation is completed.
Chartered Accountants are only mandated to retain audit documentation for seven years from the date of the audit report, as per Standard of Audit (SA) 230.
CAclubindia
