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Institute of Chartered Accountants of India

From Wikipedia, the free encyclopedia
"ICAI" redirects here. For other uses, see ICAI (disambiguation).
The Institute of Chartered Accountants of India
AbbreviationICAI
Formation1 July 1949; 74 years ago
Legal statusEstablished under the Chartered Accountants Act, 1949 enacted by the Parliament of India
HeadquartersICAI Bhawan, Post Box No. 7100, Indraprastha Marg, New Delhi 110002, India
Coordinates28.627815°N 77.242135°E
Region
India
Membership
3,80,000+(2023)[1]
Official language
English, Hindi
President
Aniket Sunil Talati[2]
Vice President
Ranjeet Kumar Agarwal[3]
Secretary
Jai Kumar Batra[4]
Parent organization
Ministry of Corporate Affairs, Government of India
Websitewww.icai.org

The Institute of Chartered Accountants of India (ICAI) is India's largest professional accounting body and Worlds 2nd 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.[5]

In India, accounting standards and auditing standards are recommended by the National Financial Reporting Authority (NFRA) to the Government of India which sets the Standards on Auditing (SAs) to be followed in the audit of financial statements in India. The other reputed accounting research bodies in India are Institute of Cost Accountants of India and University of Delhi, University of Calicut and University of Mumbai.

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