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INTERNATIONAL INTELLECTUAL FEDERATION FOR HUMANITY

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Indian accounting firms in World’s Big-8  

 

Prime Minister Narendra Modi called for creating four big Indian accounting firms that are counted among the world’s Big-8 even as he cautioned CAs against misuse of their all-powerful signature. He said the signature of a chartered accountant is more powerful than even that of a prime minister and the government also believes the accounts signed by them. “Your signature carries immense faith, please do not break that trust that is placed in you,” Modi told the CA community while talking about old women and other people investing in mutual funds and other schemes on the basis of their faith in the reports signed by the auditors. Referring to the ‘Big 4’ — a term used for the world’s four biggest audit firms — the prime minister said there are so many accounting firms in India but none of them has managed to find a place among the top global players. “People talk of the Big 4 accounting firms. Sadly, there is no Indian firm there. By 2022, let us have a Big 8, where 4 firms are Indian,” said Modi ...See More

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