India to finalise new guidelines to foster Big Four equivalents

The Indian government is expected to finalise a comprehensive plan to revamp regulations, aiming to foster the establishment of large audit and consultancy firms similar to the Big Four, by the March 2026 quarter, reported Economic Times, citing sources Recent statistics reveal that fewer than 1% of accounting firms in India have more than ten partners, highlighting the need for such reforms. "Necessary regulatory changes could be finalised this fiscal itself," one of the sources said. A committee heade ...