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The Economic Times

Economy / The Economic Times

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Big 4 scores a win as ICAI pauses 'global networking norms'

The Institute of Chartered Accountants of India's networking guidelines have been put on hold. Influential Big 4 firms lobbied the government against these new compliance rules. The guidelines introduced onerous compliance and penal provisions for local audit firms. The Ministry of Corporate Affairs also raised concerns with the ICAI. This development seems to have paid off for the global consultancies.

8 Jul 2026 12:36 am