ICAI Set to Finalize International Networking Guidelines for CA Firms by FY 2024-25



Quick Summary
The Institute of Chartered Accountants of India (ICAI) is preparing to introduce new guidelines for international networking by the end of the current fiscal year. This initiative aims to empower Indian Chartered Accountant (CA) firms to compete effectively on a global stage and enhance their international standing. The ICAI is also working on measures to encourage the merger and demerger of CA firms, alongside potential relaxations on advertising restrictions, to foster growth and visibility.

The Institute of Chartered Accountants of India (ICAI) is gearing up to finalize its international networking guidelines for Indian chartered accountant (CA) firms by the end of this fiscal year. The move is part of ICAI's broader mission to enable Indian CA firms to compete on a global scale, ICAI
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
BEST VALUE
2 YEAR PLAN
3,499
(Excl. of GST ₹629)
1 YEAR PLAN
1,999
(Excl. of GST ₹359)

3 MONTHS PLAN
999
(Excl of GST ₹179)
View all CCI PRO benfits

Already a PRO member? Login here for an ad-free experience.

FAQ :

ICAI is set to finalize its international networking guidelines for CA firms by the end of the fiscal year 2024-25.

The primary objective is to enable Indian CA firms to compete on a global scale and enhance their international standing.

ICAI has extended the mandatory period for merged firms from five to 10 years and is working to relax restrictive clauses on advertising and client solicitation.

Yes, ICAI plans to propose amendments to the Chartered Accountants Act, 1949, to facilitate the implementation of these changes, which will then be submitted to the government for approval.

ICAI has raised reservations with the Ministry of Corporate Affairs regarding proposed changes to auditing standards by NFRA, advocating for revisions that align with practical auditing realities in India.




News posted by

Finance news reporter covering taxation, GST, income tax, business compliance, and economy updates. I simplify complex financial topics into easy-to-understand articles for professionals, taxpayers, and business owners on leading finance and tax platforms.

Comments :


More »


Popular News





CCI Pro