The CA Institute has advised its members to refrain from direc | CA Final

The CA Institute has advised its members to refrain from directly approaching the Ministry of Corporate Affairs (MCA) or the National Financial Reporting Authority (NFRA) when it comes to their concerns on the recent controversy around accounting standards revision and consultation paper on micro, small and medium companies (MSMCs).

“I request members to have patience and not send diverse communications to NFRA or to the Ministry individually. The council is doing everything that is required to be done in the given situation and in this matter,” Nihar Jambusaria, President, ICAI, told members in a video message.