ICAI takes matters into its own hands with new quality management standards, ET LegalWorld
The Institute of Chartered Accountants of India (ICAI) has released a new Standard of Quality Management (SQM) for chartered accountants and audit firms. This move comes despite legal requirements that these standards be notified by the government based on recommendations from the National Financial Reporting Authority (NFRA), ToI reported. NFRA, which oversees auditors and firms […]