India, Dec. 12 -- Chartered accountants' apex body ICAI has approved new global networking guidelines as well as changes to advertising guidelines, a significant move that will help create large homegrown domestic chartered accountant firms and compete at the global level. The ICAI Central Council, during its meeting held on December 10 and 11 in the national capital, approved the ICAI (Global Networking) Guidelines, 2025 and changes to the Code of Ethics under which advertising norms are being eased.

At a briefing in the national capital on Thursday, ICAI (Institute of Chartered Accountants of India) President Charanjot Singh Nanda said the Council has cleared the global networking guidelines, which have been a long-pending demand of CAs....