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Membership Members of the Institute are known as Chartered Accountants. Becoming a member requires passing the prescribed examinations, 36 months of practical training and meeting other requirements under the Act and Regulations. The institute has more than 3,90,000 members currently. Associates and fellows Generally, associates are members of the institute with less than five years of membership after which they become entitled to apply for being a fellow member. Some associate members, particularly those not in practice, often voluntarily chose not to apply to be a fellow due to a variety of reasons. An associate member who has been in continuous practice in India or has worked for a commercial or government organization for at least five years and meets other conditions as prescribed can apply to the institute to get designated as a "Fellow". Responsibilities and voting rights of both types of members remain the same but only fellows can be elected to the council and reg...
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The motto of the ICAI is Ya Aeshu Suptaeshu Jagruti (Sanskrit),[15] which literally means "a person who is awake in those that sleep". It is a quotation from the Upanishads (Kathopanishad). It was given to the ICAI at the time of its formation in 1949 by Sri Aurobindo[16] as a part of its emblem. CA. C. S. Shastri, a Chartered Accountant from Chennai went to Sri Aurobindo and requested him through a letter to give an emblem to the newly formed Institute of which he was an elected member from the Southern India. In reply to this request, Sri Aurobindo gave him the emblem with a Garuda, the mythical eagle in the center and a quotation from the Upanishad: Ya Aeshu Suptaeshu Jagruti. The emblem along with the motto was placed at the first meeting of the Council of the Institute and was accepted amongst many other emblems placed by other members of the council. Apart from its emblem, ICAI also has a separate logo for its members. As a part of a brand building exercise, ICAI intro...
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History A 2018 stamp dedicated to the 70th anniversary of the Institute of Chartered Accountants of India Government Diploma in Accountancy Certificate The Indian Companies Act, 1913 passed in pre-independent India prescribed various books which had to be maintained by a Company registered under that Act. It also required the appointment of a formal Auditor with prescribed qualifications to audit such records. In order to act as an auditor, a person had to acquire a restricted certificate from the local government upon such conditions as may be prescribed. The holder of a restricted certificate was allowed to practice only within the province of an issue and in the language specified in the restricted certificate. In 1918 a course called Government Diploma in Accountancy was launched in Sydenham College of Commerce and Economics of Bombay (now known as Mumbai). On passing this diploma and completion of three years of articled training under an approved accountant, a person was held e...
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  Members of the Institute are known as  ICAI Chartered Accountants  or  ICAI Accountants  (either  Fellow  or Associate). 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 disciplinary action. Only a member of ICAI can be appointed as statutory auditor of a company under the  Companies Act, 2013 . The management of the institute is vested with its council with the president acting as its Chief Executive Authority. A person can become a member of ICAI and become a financial (i.e. statutory) auditor of Indian Companies. The professional membership organization is known for its non-profit service. ICAI has entered into  mutual recognition agreements  with other professional accounting bodies worldwide for reciprocal membership recognition. ICAI is one of the founder...
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  Institute of Chartered Accountants of India 6 languages Article Talk Read Edit View history Tools From Wikipedia, the free encyclopedia "ICAI" redirects here. For other uses, see  ICAI (disambiguation) . This article  needs additional citations for  verification .  Please help  improve this article  by  adding citations to reliable sources . Unsourced material may be challenged and removed. Find sources:   "Institute of Chartered Accountants of India"  –  news   ·   newspapers   ·   books   ·   scholar   ·   JSTOR   ( January 2023 )  ( Learn how and when to remove this template message ) The Institute of Chartered Accountants of India Emblem  of ICAI as given by  Sri Aurobindo Abbreviation ICAI Formation 1 July 1949 ; 74 years ago Legal status Established under the  Chartered Accountants Act, 1949  enacted by the  Parliament of India Headquarters ICAI ...
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