With the changing times, increased stakeholders' expectations, regulator (NFRA) over regulator (ICAI) situation and robust disciplinary action mechanism, compliance with ICAI Norms is the only workable option.
With the following progressions in the Chartered Accountancy Profession -
The Peer Review is becoming a necessity anyway - either to get the professional work, or to ensure the sufficiency of policies, procedures and documentation.
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With the following paradigm shifts in the Chartered Accountancy Profession -
The Code of Ethics has now become a legal compliance for the Chartered Accountants. And with our exclusivity and expertise in this domain area, our advisories assist the Members in Practice as well as in Job in carrying on their duties flawlessly.
With the news of actions/ complaints against Chartered Accountants by Clients, SFIO, EOW, ED, MCA, NFRA, CAG, Income Tax Department, GST Department, Courts and ICAI, every other day, the professionals are becoming soft targets for every authority!
The mental distress during this entire process of litigation adds to the pain!
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And so on, available to Members at concessional rates.