CS, CMA inclusion in income tax audits may hinge on EY curriculum review

Amid an ongoing debate over whether CMA and CS should be included as accountants in the new Income Tax Bill and allowed to conduct tax audits — a role currently reserved for Cas — the Lok Sabha’s Select Committee has likely tasked EY with reviewing the curriculums of these professional courses. Based on the findings, the committee will likely decide who can conduct tax audits, examining the curricula to assess whether professionals from the other two bodies are qualified for this role. The question remains: Should tax audit eligibility be expanded, or is specialized training limited to CAs essential?

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