New Delhi, Feb. 19 -- The year 2024-25 saw the highest number of chartered accountants (CA) penalized for misconduct, said the Indian Institute of Chartered Accountants (ICAI). A total of 2,771 chartered accountants were found guilty of misconduct in the past 18 years.

Addressing a press conference, the newly elected President Charanjot Singh Nanda said, that during 2024-2025 they held 118 meetings. "A total of 270 hearings were concluded. 241 CAs were found guilty and were removed for 15 days to 5 years and were imposed fines of Rs 5,000 to Rs 5 lakh."

Nanda said that during 2023-24, 132 hearings were concluded, and 91 CAs were found guilty and removed, in addition to imposing fines.

During 2022-23, a total of 366 hearings were conclu...