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• Institute_of_Chartered_Accountants_of_India abstract "The Institute of Chartered Accountants of India (ICAI) is a national professional accounting body of India. It was established on 1 July 1949 as a body corporate under the Chartered Accountants Act, 1949 enacted by the Constituent Assembly of India (acting as the provisional Parliament of India) to regulate the profession of Chartered Accountancy in India. ICAI is the second largest professional accounting body in the world in terms of membership second only to American Institute of Certified Public Accountants. 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 organisations. ICAI is solely responsible for setting the auditing and assurance standards 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 practising Chartered Accountants. It works closely with the Government of India, Reserve Bank of India and the Securities and Exchange Board of India in formulating and enforcing such standards.Members of the Institute are known as Chartered Accountants. However the word chartered does not refer to or flow from any Royal Charter. 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 auditor of an Indian company under the Companies Act, 1956. 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 by taking prescribed examinations and undergoing three years of practical training. The membership course is well known for its rigorous standards. ICAI has entered into mutual recognition agreements with other professional accounting bodies world-wide for reciprocal membership recognition.ICAI is one of the founder members of the International Federation of Accountants (IFAC), South Asian Federation of Accountants (SAFA), and Confederation of Asian and Pacific Accountants (CAPA). ICAI was formerly the provisional jurisdiction for XBRL International in India.The Institute of Chartered Accountants of India was established under the Chartered Accountants Act, 1949 passed by the Parliament of India with the objective of regulating accountancy profession in India. ICAI is the second largest professional accounting body in the world in terms of membership second only to AICPA. It prescribes the qualifications for a Chartered Accountant, conducts the requisite examinations and grants license in the form of Certificate of Practice. Apart from this primary function, it also helps various government agencies like RBI, SEBI,[citation needed] MCA, CAG, IRDA, etc. in policy formulation. ICAI actively engages itself in aiding and advising economic policy formulation. For example ICAI has submitted its suggestions on the proposed Direct Taxes Code Bill, 2010. It also has submitted its suggestions on the Companies Bill, 2009. The government also takes the suggestions of ICAI as expert advice and considers it favorably. ICAI presented an approach paper on issues in implementing Goods and Service Tax in India to the Ministry of Finance. In response to this, Ministry of Finance has suggested that ICAI take a lead and help the government in implementing Goods and Services Tax (GST). It is because of this active participation in formulation economic legislation, it has designated itself as a "Partner in Nation Building".".
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• Institute_of_Chartered_Accountants_of_India abbreviation "ICAI".
• Institute_of_Chartered_Accountants_of_India additionalData Chennai.
• Institute_of_Chartered_Accountants_of_India additionalData Kolkata.
• Institute_of_Chartered_Accountants_of_India additionalData Lucknow.
• Institute_of_Chartered_Accountants_of_India additionalData Mumbai.
• Institute_of_Chartered_Accountants_of_India additionalData "118".
• Institute_of_Chartered_Accountants_of_India additionalData "New Delhi".
• Institute_of_Chartered_Accountants_of_India additionalDataName "Branches".
• Institute_of_Chartered_Accountants_of_India additionalDataName "Regional Offices".
• Institute_of_Chartered_Accountants_of_India administeringOrgan "Council".
• Institute_of_Chartered_Accountants_of_India hasPhotoCollection Institute_of_Chartered_Accountants_of_India.
• Institute_of_Chartered_Accountants_of_India headquarters "New Delhi, India".
• Institute_of_Chartered_Accountants_of_India highestOfficerName CA._K._Raghu.
• Institute_of_Chartered_Accountants_of_India highestOfficerTitle "President".
• Institute_of_Chartered_Accountants_of_India ifacMembershipDate "1977-10-07".
• Institute_of_Chartered_Accountants_of_India imageCaption "Emblem of ICAI as given by Sri Aurobindo".
• Institute_of_Chartered_Accountants_of_India language "English, Hindi".
• Institute_of_Chartered_Accountants_of_India legalStatus "Body corporate established under the Chartered Accountants Act, 1949 enacted by the Parliament of India".
• Institute_of_Chartered_Accountants_of_India membersDesignations "A.C.A. and F.C.A.".
• Institute_of_Chartered_Accountants_of_India membersNumbers ">200,056 Associate Full Time COP > 41970 Associate Part Time COP > 8050 Associate NO COP > 86365 Total Associate Member > 115000 Fellow Full Time COP > 65400 Fellow Part Time COP > 5190 Fellow NO COP > 20800 Total Fellow Member > 70500 Total Member FCA+ACA > 205691".
• Institute_of_Chartered_Accountants_of_India motto "Ya Aesh Suptaeshu Jagruti".
• Institute_of_Chartered_Accountants_of_India nameInLocalLanguage "भारतीय सनदी लेखाकार संस्थान".
• Institute_of_Chartered_Accountants_of_India objective "Regulate the auditing and financial accounting profession in India".
• Institute_of_Chartered_Accountants_of_India regionServed India.
• Institute_of_Chartered_Accountants_of_India secondOfficerName CA._Manoj_Fadnis.
• Institute_of_Chartered_Accountants_of_India secondOfficerTitle "Vice President".
• Institute_of_Chartered_Accountants_of_India studentsNum ">1175000".
• Institute_of_Chartered_Accountants_of_India thirdOfficerName "Mr. T. Karthikeyan".
• Institute_of_Chartered_Accountants_of_India thirdOfficerTitle "Secretary".
• Institute_of_Chartered_Accountants_of_India subject Category:Accounting_in_India.
• Institute_of_Chartered_Accountants_of_India subject Category:Distance_education_in_India.
• Institute_of_Chartered_Accountants_of_India subject Category:Educational_organisations_in_India.
• Institute_of_Chartered_Accountants_of_India subject Category:Organizations_established_in_1949.
• Institute_of_Chartered_Accountants_of_India subject Category:Professional_accounting_bodies.
• Institute_of_Chartered_Accountants_of_India subject Category:Professional_associations_based_in_India.
• Institute_of_Chartered_Accountants_of_India subject Category:Regulatory_agencies_of_India.
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• Institute_of_Chartered_Accountants_of_India type OrganizationsEstablishedIn1949.
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• Institute_of_Chartered_Accountants_of_India comment "The Institute of Chartered Accountants of India (ICAI) is a national professional accounting body of India. It was established on 1 July 1949 as a body corporate under the Chartered Accountants Act, 1949 enacted by the Constituent Assembly of India (acting as the provisional Parliament of India) to regulate the profession of Chartered Accountancy in India.".
• Institute_of_Chartered_Accountants_of_India label "Institute of Chartered Accountants of India".
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• Institute_of_Chartered_Accountants_of_India sameAs Institute_of_Chartered_Accountants_of_India.
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