ICAI council member Madhukar Hiregange resigns citing governance concerns

…and there was no information of its closure. The resignation of senior CA and Council member has sparked widespread debate on social media and among the CA fraternity regarding the apex body’s internal governance. “ My resignation was not a reaction to any single event but came after I reflected on the effectiveness of institutional responses to issues that I had raised ,” he said. He sought ICAI’s attention to focus more on the professionals, students, and the profession rather than event-driven activities. ICAI, post Hiregange’s resignation, said on its X platform without naming him,…

…said. He sought ICAI’s attention to focus more on the professionals, students, and the profession rather than event-driven activities. ICAI, post Hiregange’s resignation, said on its X platform without naming him, that the Council’s decisions follow the system of majority vote and individual members cannot override collective statutory decisions. “Official minutes systematically record all expressed dissents by name,” it said. On matters like foreign travel and outstation meetings of the Council, it said they operate deficit-free with fully audited clean…