The government is looking at whether the Chinese companies and their subsidiaries have complied with all the regulations to come and do business in India, ICAI President Debashis Mitra said.
The ICAI, according to the president, has in the past 15 years permanently revoked membership of seven CAs who were found indulging in unethical practices.
ICAI President Debashis Mitra on Tuesday said the institute is working on a research paper on cryptocurrencies, which is expected to be ready in one-and-a-half months.
'Americai' V Narayanan rued that the Congress, whose incumbent government in Punjab lost to AAP, fumbled in the election with mismanagement of the party.
Nirav Modi fraud: Chartered accountants body sends notices to statutory auditors of PNB's Brady House branch
Following the disclosure of the fraud by PNB, ICAI had formed a high-level group to study systemic issues involved in the scam.
In the wake of the scam, the biggest in the country's banking sector, the ICAI had set up a high powered group to study the issues in PNB matter and suggest remedial measures.
ICAI said it has taken a statement from a senior official of the bank and emphasised it would not be prudent to draw any conclusion against the profession till disciplinary proceedings are completed.
ICAI said it is probing whether auditors played a role in perpetrating the alleged USD 1.77 billion fraud that Punjab National Bank unearthed last week.
The ICAI has also written to the Reserve Bank of India requesting it to provide the list of the corporate borrowers of public sector banks having outstanding loan amount of Rs 2,000 crore and above.
The Institute of Chartered Accountants of India has written to the bank as well as the investigative agencies concerned -- Sebi, CBI and ED -- offering to share the information at its disposal.