View all newsletters
Receive our newsletter - data, insights and analysis delivered to you
November 28, 2010

ICAI considers auditing market consolidation

Institute of Chartered Accountants of India (ICAI) is planning for capacity building and consolidating smaller Indian firms to enable greater competition with the Big Four, according to Indian media reports.

The ICAI is calling a meeting of bigger Indian accounting and auditing firms to discuss the possible consolidation strategy and is believed to have met with the Big Four to request they do not take over small Indian firms, to help enable competition.

The consolidation strategy is a part of the ICAI’s efforts to regulate the big international firms in India that are currently practicing under surrogate names.

NEWSLETTER Sign up Tick the boxes of the newsletters you would like to receive. A roundup of the latest news and analysis, sent every Wednesday.
I consent to GlobalData UK Limited collecting my details provided via this form in accordance with the Privacy Policy


Thank you for subscribing to International Accounting Bulletin