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The Institute of Chartered Accountants of India (ICAI) has issued a clarification in response to certain social media posts containing statements and allegations concerning the functioning and governance of the Institute. ICAI stated that some of the posts circulating online contain information that is incorrect and misleading and may create misunderstanding among members and other stakeholders. The Institute has therefore placed the factual position on record on several issues, including Counc
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FAQ :
The ICAI has issued a clarification to address social media posts containing statements and allegations about the Institute's functioning and governance that it deems incorrect and misleading, aiming to prevent misunderstandings among members and stakeholders.
Decisions in the ICAI Council are made based on a majority of members present, with the Chairman having a casting vote if votes are equal, as per statutory requirements.
Yes, when a Council member expresses a dissenting view, it is officially recorded by name in the Minutes of the meeting, which are subsequently approved unanimously.
Yes, every Council member is given an equal opportunity to speak on agenda items without a fixed time limit, and they are allowed to speak multiple times if needed, ensuring all views are heard before a decision is made.
Foreign travel by Council members is undertaken to represent India's position in international bodies like IFAC and CAPA, based on relevant experience and expertise, with expenses adhering strictly to norms approved by the Government of India.
No, all personal expenses of Council members are borne by the members themselves and are not charged to the ICAI.
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