March 25, 2017

Chartered Accountants body asks its members not to criticise demonetisation

Chartered Accountants body asks its members not to criticise demonetisation

The Institute of Chartered Accountants of India (ICAI) has issued an advisory, asking its members not to criticise demonetisation.

In a circular issued by the institute, it urged its members to refrain from criticising the demonetisation move by the Centre to scrap old Rs 500 and Rs 1,000 notes. “It has been decided that an advisory be issued to members cautioning them to watch the national interest as the upper most while advising their clients,” read the circular.

The members have also been advised not to share or write any negative personal views by way of an article or interview on any platform on the demonetisation.

The advisory reportedly comes after six cases of ‘illegality’ with respect to chartered accountants were brought to the ICAI’s notice. In the circular, the ICAI said it is unsparing in its efforts to discipline erring members.

Concluding the circular, the ICAI reiterated, “All members, are once again, advised to be more cautious and careful while advising their clients, sharing or writing of their views on any platform regarding demonetisation and work towards the best interests of the nation in keeping with the true spirit of the principle of ICAI- ‘Partner in Nation Building’.”

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