Currently Mike Rake, chairman of KPKMG, is in India trying to convince the Institute of Chartered Accountants of India to allow his firm and others to perform statutory audits in the country.
Currently foreign firms are banned from performing statutory audits of Indian-based businesses.
Rake will tell Arun Jaitley, India’s commerce minister, that blocking access of foreign firms will hurt ambitious Indian companies looking to expand beyond their borders.
‘They need us to reach capital markets and raise funds that create wealth. This is the sort of thing that damages India’s image and confidence,’ Rake said, the Financial Times reported.
Carter Backer Winter has acquired Edwards Financial Services, expanding its financial planning department
New growth opportunities in Aberdeen, North East Scotland, are being invested in by Grant Thornton
Colin responds to the call for 'Darwinism' in accountancy
A new partner, Dermot Callinan, has joined Saffery Champness from KPMG where he was recently the head of the UK private client advisory team