Business Daily from THE HINDU group of publications Sunday, Feb 08, 2009 ePaper | Mobile/PDA Version | Audio | Blogs |
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Accountancy ICWAI seeks regulator for auditing, accounting practices Our Bureau Hyderabad, Feb. 7 The Government should set up a regulatory body to supervise auditing and accounting practices, according to the Institute of Costs and Works Accountants of India (ICWAI). An ‘Accounting Oversight Board’ should be formed as a regulator with powers to verify and take action on malpractices, if found, Mr Kunal Banerjee, President, ICWAI, told newspersons here on Saturday. A second audit, as proposed by the Securities and Exchange Board of India should adopt a different approach by checking the efficiencies, costs and other activities, he said. More Stories on : Accountancy | Auditing
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