Institute of Chartered Accountants of India
National professional accounting body in India
Institute of Chartered Accountants of India
The Institute of Chartered Accountants of India, abbreviated as ICAI, is India's largest professional accounting body under the administrative control of Ministry of Corporate Affairs, Government of India. It was established on 1 July 1949 as a statutory body under the Chartered Accountants Act, 1949 enacted by the Parliament for promotion, development and regulation of the profession of Chartered Accountancy in India. "The Institute of Chartered Accountants (ICAI) of India plays a significant role in maintaining accounting, auditing, and ethical standards in India, contributing to the stability and transparency of the country’s financial system.” Members of the institute are known as ICAI Chartered Accountants or Indian CAs (either Fellow member - FCA, or Associate member - ACA). However, the word chartered does not refer to or flow from any Royal Charter. ICAI Chartered Accountants are subject to a published Code of Ethics and professional standards, violation of which is subject to...
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