Need To Enhance Disciplinary Mechanisms Against CA Firms, ICAI Must Be Strengthened By Notifying 2022 Amendment Act: Delhi High Court

The Delhi High Court emphasizes the need to strengthen disciplinary mechanisms against CA firms by notifying the 2022 Amendment Act. It highlights deficiencies in current regulations and calls for stricter enforcement to ensure accountability and quality assurance in auditing practices. The court urges the ICAI to enhance oversight and implement necessary reforms promptly to uphold professional standards and public trust. This decision underscores the importance of regulatory compliance and ethical conduct within the accounting profession to maintain integrity and credibility.