Tuesday, February 15, 2011

UNIQUE CODE NUMBERS TO CAs TO CHECK FRAUDS

According to ICAI president, the Institute of Chartered Accountants of India will introduce unique code numbers (UCD) from next month for Chartered Accountants (CAs) to help them check
increasing incidents of fraudulent practices, including forged attestations. Once introduced,
ICAI would ask banks to insist on UCD, as people file different balance sheets for various purposes
without the knowledge or approval of CAs.

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