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The Institute of Chartered Accountants of India

The Institute of Chartered Accountants of India (ICAI) is a statutory body established by an Act of Parliament, viz. The Chartered Accountants Act, 1949 (Act No.XXXVIII of 1949) for regulating the profession of Chartered Accountancy in the country. The Institute, functions under the administrative control of the Ministry of Corporate Affairs, Government of India. The ICAI is the second largest professional body of Chartered Accountants in the world, with a strong tradition of service to the Indian economy in public interest.
The affairs of the ICAI are managed by a Council in accordance with the provisions of the Chartered Accountants Act, 1949 and the Chartered Accountants Regulations, 1988. The Council constitutes of 40 members of whom 32 are elected by the Chartered Accountants and remaining 8 are nominated by the Central Government generally representing the Comptroller and Auditor General of India, Securities and Exchange Board of India, Ministry of Corporate Affairs, Ministry of Finance and other stakeholders.
Over a period of time the ICAI has achieved recognition as a premier accounting body not only in the country but also globally, for maintaining highest standards in technical, ethical areas and for sustaining stringent examination and education standards. Since 1949, the profession has grown leaps and bounds in terms of members and student base.

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ADMINISTRATION PRESENT COMMITTEE

Why ICAI MISSION

Established by an Act of Indian Parliament The Chartered Accountants Act, 1949

The Indian Accountancy Profession will be the Valued Trustee of World Class Financial competencies, Good Governance and Competitiveness

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Our Features

Regulate the profession of Accountancy

Education and Examination of Chartered Accountancy Course

Continuing Professional Education of Members

Conducting Post Qualification Courses

Formulation of Accounting Standards

Prescription of Standard Auditing Procedures

Laying down Ethical Standards

Monitoring Quality through Peer Review

Ensuring Standards of performance of Members

Exercise Disciplinary Jurisdiction

Financial Reporting Review

Input on Policy matters to Government