Institute of Chartered Accountants of India to Launch High-Tech Forensic Lab for SMPs.

Institute of Chartered Accountants of India will set up an advanced forensic auditing laboratory in Hyderabad to support small and medium practitioners in enhancing their forensic audit capabilities, according to ICAI President Prasanna Kumar D.

The institute, which has more than five lakh members, including a large number of small and medium chartered accountant firms, aims to strengthen their participation in high-value audit assignments through the initiative.

Speaking to PTI in a recent interview, Kumar said forensic auditing is an emerging field and many smaller CA firms currently lack the expertise and infrastructure required to undertake large forensic audit projects.

The proposed lab is expected to provide technological and professional support to practitioners, enabling them to build capabilities in forensic auditing and compete for larger assignments in the sector.