🚀 Medial Secures Investment on Shark Tank India - Fueling the Future of Professional Social Networking. 🔥
✕
Login
Home
News
Messages
Startup Showcase
Trackers
Premium
Premium Content
Jobs
Notifications
Settings
Try our Valuation Calculator →
Log In
News on Medial
ICAI expects to finalise int’l networking guidelines for CA firms this fiscal
Livemint
·
7m ago
Medial
The Institute of Chartered Accountants of India (ICAI) is expected to finalize international networking guidelines for Indian chartered accountant firms this fiscal year. The aim is to make Indian CA firms bigger and enable them to compete globally. Currently, there are no guidelines for international networking of Indian CA firms. The ICAI is also working towards making India a global accounting and auditing hub. Efforts are being made to ease advertising and client solicitation norms for CAs, and changes to certain auditing standards are being communicated to the corporate affairs ministry.
View Source
1
Related News
CAG engaging CA firms will not compromise auditor's independence, says ICAI
Economic Times
·
1m ago
Medial
The Institute of Chartered Accountants of India (ICAI) has addressed concerns regarding the Comptroller and Auditor General's (CAG) decision to engage CA firms for auditing central autonomous bodies. ICAI asserts that this move will not compromise the auditor's independence or constitutional role. Instead, it enhances audit quality and ensures effective coverage. Supported by professional standards and ethical safeguards, this strategy also boosts CAG's capacity for compliance and performance audits, countering objections raised by an MP to the President.
View Source
ICAI to limit individual tax audits by chartered accountants to 60 annually from 2026-27
Economic Times
·
1m ago
Medial
The Institute of Chartered Accountants of India (ICAI) will restrict chartered accountants to conducting a maximum of 60 tax audits annually from April 1, 2026. This rule applies both individually and as firm partners. The move aims to curb malpractices, with mechanisms like the Unique Document Identification Number (UDIN) enhancing accountability. ICAI's efforts also include expanding global outreach through proposed overseas networking guidelines, fostering larger, globally competitive domestic firms.
View Source
Big Four, other global firms push back against draft ICAI rules
Economic Times
·
1m ago
Medial
Top global professional services firms are contesting draft guidelines proposed by the Institute of Chartered Accountants of India (ICAI), which aim to regulate overseas networks involved in multi-disciplinary advisory services in India. The firms argue that the rules demand excessive disclosures, raising confidentiality concerns and operational complexity. Key issues include ambiguous terminology, extensive financial disclosure requirements, and perceived overreach of the ICAI. Critics argue that these guidelines could hinder global networks and smaller Indian firms, impacting their functionality and collaboration.
View Source
Atma Nirbhar Bharat step of Accounting firms - A Step towards building Bhartiya Global Consulting firm
Economic Times
·
1m ago
Medial
Three prominent Indian accounting firms, Kirtane & Pandit, SS Kothari Mehta & Co., and Guru & Jana, have formed an alliance to establish a Bhartiya global consulting presence. This collaboration aligns with the Indian government's "Atma Nirbhar Bharat" initiative, encouraging domestic firms to strengthen their presence. The Institute of Chartered Accountants of India (ICAI) has updated guidelines to support such alliances, aiming to enhance Indian firms' competitiveness internationally. This marks a significant step towards creating a unified Indian consulting entity.
View Source
Paytm Payments Bank halts int’l transactions on debit cards
Entrackr
·
1y ago
Medial
Paytm Payments Bank has temporarily disabled international transactions on its debit cards. Customers will not be able to initiate international transactions until further notice. The reason for this move has not been disclosed. The announcement comes shortly after the Reserve Bank of India imposed a fine of INR 5.39 crore on Paytm Payments Bank for non-compliance with certain guidelines. The bank had previously faced regulatory action for "certain material supervisory concerns" and was restricted from onboarding new customers.
View Source
StartUp Sphere 2024 highlights ICAI’s impact on India’s economic growth, innovation; launches start-up and MSME yatra
Business Today
·
1y ago
Medial
The Institute of Chartered Accountants of India (ICAI) launched StartUp Sphere 2024 in Bengaluru, aiming to connect start-ups with industry experts, investors, and influential partners. Supported by various organizations, including Startup India and MeitY Startup Hub, the event provided a platform for networking, discussing trends, and showcasing innovations. ICAI President Ranjeet Kumar Agarwal emphasized their commitment to supporting the start-up ecosystem with mentorship, capital access, and training programs. Additionally, ICAI inaugurated the ICAI MSME and Startup Yatra, which will travel to 100 cities to promote financial and tax literacy among MSMEs and start-ups.
View Source
Let's firm up for India's fab four - The Economic Times
Economic Times
·
1m ago
Medial
India is considering reforms to strengthen its CA firms, allowing them to compete globally by addressing regulatory challenges. A government committee is exploring ways to increase cross-functional capacity, capital access, and branding. Reforms could include allowing multidisciplinary partnerships and enabling brand identity expansion. Such changes aim to create globally competitive Indian CA firms, potentially establishing them as part of a new global 'Big 8'. The efforts focus on equity, not just equality, in professional services.
View Source
ICAI bullish on GCC opportunities for chartered accountants
Economic Times
·
1m ago
Medial
The Institute of Chartered Accountants of India (ICAI) is optimistic about the increase in Global Capability Centres (GCCs) in India, anticipating a rise from over 1,700 to 5,000 in the next two years. ICAI President Charanjot Singh Nanda emphasized India's appeal as a destination for GCCs, which currently employ around 80,000 chartered accountants. ICAI is implementing upskilling initiatives to prepare its members for opportunities within GCCs.
View Source
Ride-hailing apps eye Goa entry as draft framework gets floated
YourStory
·
2m ago
Medial
The Goa Transport Department released draft guidelines allowing ride-hailing firms like Uber, Ola, and Rapido to operate in Goa using vehicles registered or permitted in the state. This aims to protect local businesses and jobs while requiring drivers to have a Public Vehicle Service Badge. The guidelines mandate paying government-notified fares to prevent fare manipulation. Industry leaders view this as a progressive step for employment, with the draft open for public feedback for 30 days.
View Source
Chartered accountants’ body clashes with govt authority over proposed audit reforms | Mint
Livemint
·
10m ago
Medial
The Institute of Chartered Accountants of India (ICAI) has called for a pause in the public consultation on reforming India's auditing standards. The ICAI believes that a contentious clause in the accounting standards has stood the test of time but acknowledges the need to strengthen the standards. The clause in question allows a parent company's auditor to rely on the work of a subsidiary's auditor without being held responsible for it. The National Financial Reporting Authority (NFRA) wants to fill this loophole, proposing that lead auditors of business groups be ultimately responsible for their consolidated financial statements. The ICAI has objected to NFRA's proposed changes, stating that it is not desirable for the auditor of a parent company to control the decisions of equally qualified subsidiaries' auditors.
View Source
Trackers
Active Indian VC’s
OG Capital
Email
With a hands-on approach, OG Capital aims to invest in over 20 promising...
Accel Partners
Email
Early and growth-stage investments in disruptive technology companies with...
Blume
Email
Early-stage venture capital firm investing in technology startups in India. Focus on...
Access All Trackers
Startup Showcase Winners
June 2025
Buddy
Helping your parents when you are miles away
BiteStop
The Pit Stop Your Cravings Deserve
Bloomer
The next generation E-commerce platform
Enter Ongoing Startup Showcase
Top Users
Trending News on Medial
Download the medial app to read full posts, comements and news.
Go to Medial App
Not Now
Know everything that’s happening in the startup ecosystem, first.
Enable Notifications?
No, thanks
Count me in
