Q10 · UPSC current affairs · 21 September 2026 · News · Chartered Accountants Act Amendments ICAI

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The term 'Multidisciplinary Partnership' in the context of the accountancy profession refers to:

A A practice structure allowing chartered accountants to partner with professionals from other fields like law or company secretarial services
B A mandatory joint venture between public sector banks and private auditing firms
C An international treaty governing cross-border tax auditing standards
D A corporate structure restricted solely to internal financial auditing without external consulting

Correct answer: (a) A practice structure allowing chartered accountants to partner with professionals from other fields like law or company secretarial services

Explanation

A multidisciplinary partnership is a practice structure that allows chartered accountants to partner with professionals from other fields such as law or company secretarial services, facilitating broader professional scaling.

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