Kolkata, Dec 30 (PTI) The Institute of Chartered Accountants of India has said it will oppose the Centre's proposal to introduce three non-CA members into ICAI's disciplinary committee, arguing that the move will impact fair judgement.

The government, through the Chartered Accountants, Cost and Works Accountants and the Company Secretaries (Amendment) Bill, 2021, has proposed the inclusion of two CAs and three non-CAs in the ICAI disciplinary committee.

Also Read | Vivo V23e India Launch Likely To Take Place in February 2022, Check Expected Prices Here.

At present, the panel comprises two non-CA nominees and three ICAI members.

The bill has been sent by Lok Sabha to a Parliamentary standing committee for scrutiny.

Also Read | Apple Takes Action Against iPhone Assembler Foxconn After TN Factory Food Poisoning: Report.

“We oppose the proposal and will present our case before the standing committee when we are invited for hearing,” ICAI vice-president Debasish Mitra told PTI on the sidelines of a programme here on Wednesday.

He said that non-CAs won't have the “in-depth knowledge of accounting, which is a must for fair judgement”.

Mitra also said ICAI would focus on adapting new technologies like artificial intelligence along with forensic auditing and upgrading its code of ethics.

(The above story is verified and authored by Press Trust of India (PTI) staff. PTI, India’s premier news agency, employs more than 400 journalists and 500 stringers to cover almost every district and small town in India.. The views appearing in the above post do not reflect the opinions of LatestLY)