Description:
The Institute of Chartered Accountants of India (ICAI) has accused multinational audit firms operating in India of violating the Chartered Accountants Act., and has asked the Reserve Bank and the Ministry of Corporate Affairs to investigate their accounts.
Source:
1. www.tpcc.in
2. The Tax Referencer .Volume121. Issue No.6, 10.Oct, 2011, Page No.118
Our Comment:
This step should been taken long back, the damage has already been done.
