Demutualisation of Accounting education from regulating the audit profession
Petition for Independent Oversight Body in India

We,The Accounting professionals , certified by a statutory accounting body of the Indian Union (ICAI/ICWAI), would like to support the attempt to consider the demutualisation of Accounting Body and establishment of a separate and independent regulatory body for the covering all compliance zones under various statutes of the Indian Union,that will engage in Licensing auditors in various fields of compliance,not limiting to Just CAs.

All the field under the ambit of the new PCAOB shall be open to professionals whose name is registered in the member register of ICAI/ICWAI subject to demonstration of skill set to be prescribed by the PCAOB.

PCAOB shall also enable compliance of deficit skill set by directing these institutes to allow the interested applicant to undergo the necessary deficit in any one of these institutes irrespective of his/her membership affiliation. ICAI and ICWAI shall focus on IPD and CPD and the stakeholder requirements will be furthered by indepndant body which will be inclusive in nature consisting of nominees from Government, Departments requiring compliance, regulators, Citizens groups, Representation from ICWAI/ICAI/ICSI, industry forums, NGOs etal.