New Delhi, Feb. 18 -- New Delhi: The Institute of Chartered Accountants of India (ICAI) has notified global networking guidelines for the country's chartered accountancy firms, its newly-elected president Prasanna Kumar D. said on Wednesday. These guidelines will help domestic chartered accountancy firms partner with global firm networks, grow and evolve into global entities.

The guidelines set the framework for domestic firms to pool resources and share expertise with global networks. They also proposed that global networks register with ICAI with annual reporting requirements.

The industry body said the new guidelines will bring the working of chartered accountants' global networks under the regulatory jurisdiction of ICAI for their I...