About us

The Institute of Chartered Accountants of India (ICAI) is the national professional accounting body of India. It was established on 1 July 1949 as a statutory body under the Chartered Accountants Act, 1949 enacted by the Parliament (acting as the provisional Parliament of India) to regulate the profession of Chartered Accountancy in India. ICAI is the second largest professional Accounting & Finance body in the world. ICAI is the only licensing cum regulating body of the financial audit and accountancy profession in India. It recommends the accounting standards to be followed by companies in India to the National Advisory Committee on Accounting Standards (NACAS). and sets the accounting standards to be followed by other types of organizations. ICAI is solely responsible for setting the Standards on Auditing (SAs) to be followed in the audit of financial statements in India. It also issues other technical standards like Standards on Internal Audit (SIA), Corporate Affairs Standards (CAS), etc. to be followed by practicing Chartered Accountants. It works closely with the Government of IndiaReserve Bank of India and the Securities and Exchange Board of India in formulating and enforcing such standards.



Comments

Popular posts from this blog

ICAI CA Foundation Mark sheet- Available Here

FAQ’s Regarding Your CA Foundation Admit Card.

Rules Regarding CA Foundation Admit Card

Announcement Regarding CA Foundation

How to check CA Foundation Merit List

CA Foundation Admit Card - icaiexam.icai.org

Which school thinks about the significance of sports in understudies' day to day existence?

CA Foundation Course Syllabus

How To Download The CA Foundation Syllabus?