Saturday, June 16, 2012

Education Institutions Set To Follow ICAI Norms

Higher education institutes in the country will soon have to report their financial information in
a standard and uniform format set by the Institute of Chartered Accountants of India (ICAI).
With education being a not for profit activity, the Ministry of Human Resource Development
(MHRD) wants to enforce these standards in order to check how much profit the educational
institutions are making.


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