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ICAI Update
ICAI President on Audit function
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Chartered accountants should not think of becoming auditors if they cant meet the expectation gap, and should rather look at alternative avenues like litigation practice in GST, or insolvency, or valuation practice, said Debashis Mitra, President at the Institute of Chartered Accountants of India (ICAI).
"Audit is a serious business today" - the President emphasised. His comments come in the backdrop of auditors continuing to face increased scrutiny from regulators and the public in the wake of spurt in business and accounting failures.
Chartered accountants should not think of becoming auditors if they cant meet the expectation gap, and should rather look at alternative avenues like litigation practice in GST, or insolvency, or valuation practice, said Debashis Mitra, President at the Institute of Chartered Accountants of India (ICAI).
"Audit is a serious business today" - the President emphasised. His comments come in the backdrop of auditors continuing to face increased scrutiny from regulators and the public in the wake of spurt in business and accounting failures.
Chartered accountants should not think of becoming auditors if they cant meet the expectation gap, and should rather look at alternative avenues like litigation practice in GST, or insolvency, or valuation practice, said Debashis Mitra, President at the Institute of Chartered Accountants of India (ICAI).
"Audit is a serious business today" - the President emphasised. His comments come in the backdrop of auditors continuing to face increased scrutiny from regulators and the public in the wake of spurt in business and accounting failures.
Chartered accountants should not think of becoming auditors if they cant meet the expectation gap, and should rather look at alternative avenues like litigation practice in GST, or insolvency, or valuation practice, said Debashis Mitra, President at the Institute of Chartered Accountants of India (ICAI).
"Audit is a serious business today" - the President emphasised. His comments come in the backdrop of auditors continuing to face increased scrutiny from regulators and the public in the wake of spurt in business and accounting failures.
Chartered accountants should not think of becoming auditors if they cant meet the expectation gap, and should rather look at alternative avenues like litigation practice in GST, or insolvency, or valuation practice, said Debashis Mitra, President at the Institute of Chartered Accountants of India (ICAI).
"Audit is a serious business today" - the President emphasised. His comments come in the backdrop of auditors continuing to face increased scrutiny from regulators and the public in the wake of spurt in business and accounting failures.
Chartered accountants should not think of becoming auditors if they cant meet the expectation gap, and should rather look at alternative avenues like litigation practice in GST, or insolvency, or valuation practice, said Debashis Mitra, President at the Institute of Chartered Accountants of India (ICAI).
"Audit is a serious business today" - the President emphasised. His comments come in the backdrop of auditors continuing to face increased scrutiny from regulators and the public in the wake of spurt in business and accounting failures.