The Institute of Chartered Accountants of India (ICAI) is the national professional accounting body of India under the jurisdiction of the 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 (acting as the provisional Parliament of India) to regulate the profession in India. ICAI is the second largest professional Accounting & Finance body in the world in terms of membership and number of students.
Objectives of ICAI
- The emphasis of this scheme is on Encouraging young talented students having aptitude for accounting education to make an early entry to the profession;
- Encouraging graduates and others appropriately qualified students to pursue CA course;
- Complementing theoretical education by practical training;
- Instilling technical skills through Information Technology Trainings;
- Instilling interpersonal and soft skills through Orientation Programme and General Management and Communication Skills (GMCS) courses;
- Inculcating professional ethical values and attitudes among students;
- Inculcating analytical ability among the students through case studies;
- Globalizing chartered accountancy education through organization of education and training abroad.
- Updated syllabus is benchmarked to Chartered Accountancy courses offered around the globe and is fully compliant to International Education Standards issued by the International Federation of Accountants.