New Delhi, February 18 The Institute of Chartered Accountants of India (ICAI), the apex body for chartered accountants, will set up a group to expedite the proceedings in nearly 10 cases related to alleged accounting and auditing irregularities involving public interest, its President Prasanna Kumar D said on Wednesday.
The Institute of Chartered Accountants of India (ICAI) is investigating various cases, including those involving IndusInd Bank and Gensol, for accounting and auditing irregularities.
Kumar, who took over as the institute's President on February 12, told
A group will be set up to expedite the cases, he said during a media briefing in the national capital.
The cases are at various stages within the institute, which handles matters at multiple levels, including through the Financial Reporting Review Board (FRRB) and the Board of Discipline.
ICAI has more than five lakh members.
Meanwhile, the institute has set up an expert group to provide comments on the draft rules for the Income Tax Act, 2025. The Act is set to be implemented from April 1 this year.
Earlier this month, the tax department released draft rules and forms for the new Act.
It has sought comments from stakeholders before notifying the rules and forms.