Quick Summary
The Professional Development Committee (PDC) of the Institute of Chartered Accountants of India (ICAI) has announced a key decision taken by the ICAI Council regarding participation in tenders by chartered accountants and CA firms. According to an announcement dated 2 July 2026, the Council has decided that cases where a member or firm quotes an extremely low professional fee that is not commensurate with the nature and scope of the assignment may be referred to the Director (Discipline) for ap
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FAQ :
The ICAI Council has decided that cases where members or firms quote extremely low professional fees for tenders, not in line with the scope of work, may be referred for disciplinary action.
The warning was announced by the Professional Development Committee (PDC) of the Institute of Chartered Accountants of India (ICAI) based on a decision by the ICAI Council.
An 'extremely low' fee is one that is not commensurate with the size, value, volume, manpower requirement, and nature of the work involved in the assignment.
Matters may be referred to the Director (Discipline) for appropriate action.
Yes, this decision applies whether or not the tender is issued in an area of service exclusively reserved for chartered accountants.
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