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ICAI examining violation of Chartered Accountants Act: Government

November, 30th 2011
Accounting regulator ICAI is examining violation of certain clauses of the Chartered Accountants Act by multinational audit firms, Parliament was informed today. "Some instances of violations have come to the notice of the Institute of Chartered Accountants of India (ICAI) which is examining the same," Corporate Affairs Minister Veerappa Moily told the Rajya Sabha in a written reply to the query whether some multinational firms have violated certain clauses of the Chartered Accountants Act.