Parliament approves accountancy bill
Parliament on Tuesday approved a bill to revamp the functioning of the institutes of chartered accountants, cost accountants and company secretaries, with Finance Minister Nirmala Sitharaman asserting that the changes will not impact the autonomy of these bodies. Rajya Sabha passed the Chartered Accountants, the Cost and Works Accountants and the Company Secretaries (Amendment) Bill, 2022 with a voice vote after negating all amendments moved by the Opposition. Lok Sabha had cleared the bill on March 30, 2022. The legislation seeks to appoint non-Chartered Accountant (CA), non-cost accountant and non-company…
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