ICAI issues a statement against the government over Ill Treatment of CA’s by Authorities

ICAI has recently issued a statement against the government of India for the Ill-Treatment of CAs and accountants by the authorities. The Institute of Chartered Accountants of India (ICAI) is the world’s second-largest professional accounting organisation and India’s largest professional accounting body, owned by the Ministry of Corporate Affairs.

The statement reads as follows:

The Institute of Chartered Accountants of India 20th May 2022 The matter related to recent arrest of Chartered Accountants and other instances of ill- treatment of CAs by investigating authorities was discussed today in the Council of The Institute of Chartered Accountants of India (ICAI). The Council members expressed their strong resentment on the manner in which certain Investigating Officers are treating CAs and directly resorting to arrests. The Council was also apprised of the strong feelings of members throughout the country regarding ill-treatment being meted to certain members rather than taking strong action against the actual perpetrators. The Council of ICAI resolved to form a Group comprising of its members to interface with authorities in order to ensure that just and fair treatment is meted out to Chartered Accountants and that they are not made soft targets.