Govt to ease audit norms, revamp tenders to help Indian firms challenge Big Four

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The government is planning amendments to the Companies Act and tender norms to help Indian audit firms compete with Big Four networks. Proposed changes include easing partner composition and conflict-of-interest rules to allow multi-disciplinary partnerships. Tender reforms may mandate inclusion of domestic firms and lower eligibility thresholds. Capital and technology support measures are also under consideration to help local players scale.