The government today proposed uniform accounting standards for educational institutes from 2013 to ensure more accountability in financial resources maintained by them.
Accounting regulator ICAI has recommended to the HRD Ministry that all education institutions should follow a uniform system for maintaining their account.
ICAI said it will look into reports of money inflows into several Pricewaterhouse-Coopers (PwC) India entities, including the group's audit firms Price Waterhouse (PW) and Lovelock & Lewes (LL).