Besides monitoring exams for aspiring chartered accountants and registering them, it is also ICAI’s role, as the regulator for CAs and auditors in India, to pin down defaulters and clean up the mess created by top audit firms. While the spotlight is on the role of CAs in siphoning off bank loans and laundering money using shell companies, ICAI president Nilesh S. Vikamsey tells Ushinor Majumdar that the absence of strong laws makes their work tough. Edited excerpts: