In terms of Sec. 28B of the Chartered Accountants Act, 1949, the Board is, inter alia, required to guide the members of the Institute of Chartered Accountants of India to improve the quality of services and adherence to the various statutory and other regulatory requirements.

In view of the above and with a view to improving the quality of audit services in the country, the Board may bring out Reports & Publications in the context of the issues emanating, from time to time, as regards the role of auditors.