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In a first against a Big 4 audit firm, ICAI cracks the whip against EY India affiliates for professional misconduct
The Institute of Chartered Accountants of India (ICAI), the country's apex body of chartered accountants, has found three EY India affiliate entities guilty of professional misconduct.
The thres per an April 25 ICAI order, e entities are:
M/s. S. R. Batliboi & Associates, LLP (formerly known as S. R. Batliboi & Associates)
M/s. S.R.B.C & Co., LLP (formerly known as S. R. Batliboi & Co.)
M/s. S. R. Batliboi & Co., LLP (formerly known as S. R. Batliboi & Co.
Out of the three entities, the CA body has reprimanded two for breaches of the Chartered Accountants Act, citing the manner of dealings between them and global firms under the EY network that are not regulated within the country.