The push to build Indian accounting firms capable of taking on the global Big Four -- Deloitte, PwC (PricewaterhouseCoopers), EY (Ernst & Young) and KPMG -- is entering a more consequential phase.
The Institute of Chartered Accountants of India (ICAI) is preparing changes to the Chartered Accountants Act that could alter how Indian firms combine, raise capital and offer professional services, ET has reported today.