About Us
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.
- 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
Secretary to the Committee, CA
Mukta Kathuria Verma