Financial Daily from THE HINDU group of publications
Monday, Sep 23, 2002
Financial Daily from THE HINDU group of publications Monday, Sep 23, 2002 |
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Corporate
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Accounting Standards ICAI hopeful of Act amendment Our Bureau
VIJAYAWADA, Sept. 22 THE Institute of Chartered Accountants of India (ICAI) has sent some proposals to the Union Government to tighten the disciplinary mechanism and is hopeful that the Government would respond positively and amend the Chartered Accountants' Act, 1949 for the purpose, the ICAI Vice-President, Mr R. Bupathy, has said. Mr Bupathy told presspersons here that the institute wanted to grade the complaints against the auditing firms depending on the gravity of the alleged lapses and to fix a timeframe for disposing of the complaints. The institute also wanted to set up regional benches for speedy disposal.
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