India's MCA Questions ICAI Authority Over Global Networking Rules
India’s Ministry of Corporate Affairs (MCA) has raised jurisdictional concerns regarding the Institute of Chartered Accountants of India's (ICAI) proposed Global Networking Guidelines. The framework, which had completed stakeholder consultations and was finalized, is now on hold as discussions continue between ICAI president Prasanna Kumar and MCA officials.
Topics: accounting standards corporate regulation government oversight India