Supreme Court Upholds Chartered Accountants’ Body’s Rule To Limit Number Of Audits In A Year
The Supreme Court on Friday upheld a rule issued by the Institute of Chartered Accountants of India (ICAI) that limits Chartered Accountants to a maximum of 60 tax audit assignments per financial year. This decision, effective from April 1, 2024, reinforces ICAI’s authority to regulate the profession and maintain high standards. A bench comprising Justices […]