New Delhi : The Institute of Chartered Accountants of India (ICAI) has proposed sweeping changes to its existing code of ethics for member firms with the aim to promote domestic consulting and help Indian chartered accountant (CA) firms compete globally.

Released by the ICAI on 27 October, the proposed changes include relaxing certain advertising guidelines to align them with the current digital age, granting firms freedom to showcase their services, embracing technology-driven consulting like artificial intelligence, and also ensuring stricter audit independence. “The revised guidelines reflect the ICAI’s vision to empower Indian CA firms to grow and compete globally,” ICAI President Charanjot Singh Nanda told ThePrint. “These changes will help improve visibility, step up clients

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