Reducing pendency of complaints is priority: ICAI president Jambusaria

Govt has to balance between ease of doing biz and ensuring compliance, says Jambusaria

The Institute of Chartered Accountants of India (ICAI) is gearing up to push small audit firms to become globally competitive with fresh networking guidelines, legislative reforms and technical upgrades. ICAI’s new president Nihar N Jambusaria, in a conversation with Ruchika Chitravanshi, says reducing pendency of complaints is his priority. Edited excerpts:

What will be your main agenda as new ICAI president in the context of Covid stress in the economy and increased expectations from the audit and accounting profession?

A financial and tax literacy drive in the country, particularly for the micro, small and medium enterprises (MSMEs) – that often make mistakes