ICAI can Proceed Against whole Firm if One Member cannot be held Responsible: HC

Harinderjit Singh Vs Disciplinary Committee Bench III The Institute Of Chartered Accountants Of India & Anr. (Delhi High Court) High court held that The profession of Chartered Accountancy is one which forms an important and critical part of the economy of a country. CAs are like gatekeepers of the financial system, who can stop any misdemeanour in accounting by conducting proper audits and continuous supervision of their clients. CAs can also properly advise both on proper maintenance of accounts as also management and planning. Any omission or laxity in discharge of duties could lead to ...