Shockwave in CA Fraternity: Firm Bids Just Rs 1 in Tender, Sparks Outrage Over Professional Standards!
Shockwave in CA Fraternity: Firm Bids Just Rs 1 in Tender, Sparks Outrage Over Professional Standards!
A Chartered Accountant (CA) on social media platform X (formerly known as Twitter) recently shared a post saying “A Wake-Up Call for Professional Standards” regarding a CA firm’s tender bid for Rs. 1.
This recent case has alerted many in the profession, where a chartered accountancy firm placed a tender bid for just Rs. 1. While such a bid may be technically valid, it sets a distressing standard and raises serious questions about the respect and value given to professional services.
The CA expressed frustration that the ICAI’s Tendering Monitoring Committee appears unable to uphold a standard that prevents members from submitting such low price bids. He added that there is a need for a clear and well-defined framework that aligns fees with the complexity and value of the work, safeguarding the profession’s credibility as well as the quality of services provided to the public.
A Wake-Up Call for Professional Standards
It’s deeply concerning to see a Chartered Accountancy firm offering to perform professional services for just ₹1 in a tender. 🤯 While technically a valid bid, this sets a dangerous precedent and raises serious questions about the value… https://t.co/NQPyHKLqUa pic.twitter.com/Km8vzfsHCj— CA Anupam Sharma (@caanupam7) September 22, 2025
He further added, “This is a critical issue that threatens the foundation of our profession. We must hold our governing bodies accountable and demand a commitment to fair and ethical practices. It’s time to act before our professional standards are completely eroded.”