Q.3 What are the challenges facing chartered accountancy in India? What are the changes introduced through the Bill for amendments to the Chartered Accountants Act,1949? (10 Marks)

Mentor’s comment- https://www.thehindu.com/opinion/op-ed/a-parliamentary-bill-the-icai-needs-to-take-note-of/article65275514.ece In the intro, mention the Bill introduced in the Parliament for amendment in the Chartered Accountants Act,1949. In the body, mention the challenges such as lack of skills to succeed in the corporate world, laxity in disciplining the members, failure to keep pace with the changes in the economy, challenges from AI/ML … Continue reading Q.3 What are the challenges facing chartered accountancy in India? What are the changes introduced through the Bill for amendments to the Chartered Accountants Act,1949? (10 Marks)