ICAI ARF to reopen books of IL&FS

New Delhi: ICAI Accounting Research Foundation (ICAI ARF) is all set to examine the process of reopening the books of crisis-hit IL&FS. The Institute of Chartered Accountants of India (ICAI) said ICAI ARF has been assigned the task of 'reopening' of the books of IL&FS.

"ICAI ARF being a not-for-profit entity would oversee the process of reopening the books of IL&FS along with the ministry. The ICAI ARF can outsource the assignment so that it is over within a reasonable period of time," an official statement said.