Govt to ease audit norms, revamp tenders to help Indian firms challenge Big Four

The government is planning amendments to the Companies Act and tender norms to help Indian audit firms compete with Big Four networks. Proposed changes include easing partner composition and conflict-of-interest rules to allow multi-disciplinary partnerships. Tender reforms may mandate inclusion of domestic firms and lower eligibility thresholds. Capital and technology support measures are also under consideration to help local players scale.

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