INDIAN ACCOUNTANTS FACE POTENTIAL WHISTLEBLOWING DUTY
September 1st, 2011
BY RAGHAVENDRA VERMA
A FORMER president of the Institute of Chartered Accountants of India (ICAI) has told Fraud Intelligence the professional body is considering plans by the Indian government to impose statutory fraud whistleblowing duties on Indian accountants. This would force its members to report frauds to regulatory bodies such as India's Registrar of Companies. Amarjit Chopra said he opposes the move because companies' yearly audit reports already highlight financial irregularities, and chartered accountants are bound by confidentiality agreements with ...
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