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The ICAI - An Overview

The Institute of Chartered Accountants of India is a statutory body established by an Act of Parliament, viz. The Chartered Accountants Act, 1949 on 1st July, 1949 for regulating the profession of Chartered Accountancy in the country. The Institute, functions under the administrative control of the Ministry of Corporate Affairs, Government of India.

The ICAI is one of the largest professional bodies of Chartered Accountants in the World, with a strong tradition of service to the Indian economy in public interest.

ICAI Presence

Headquarters: New Delhi, India
Regional Offices: 5 (Mumbai, Chennai, Kolkata, Kanpur, New Delhi)
Branch Offices: 165 branches spread all over the country
Overseas:

  • 44 Chapters
  • 33 Representative Offices spanning in 77 global cities of 47 Countries and Growing
  • Overseas Offices in Dubai and Singapore

ICAI Global Footprints

Currently around 750,000 students are pursuing the CA course and the total membership count of the ICAI is about 350,000. A significant number of members occupy eminent positions in Government and various organisations.

Activities at a Glance:


Regulate the profession of Accountancy

Laying down Ethical Standards

Education and Examination of Chartered Accountancy Course

Monitoring Quality through Peer Review


Continuing Professional Education of Members

Ensuring Standards of performance of Members

Conducting Post Qualification Courses

Exercise Disciplinary Jurisdiction



Formulation of Accounting Standards

Financial Reporting Review

Prescription of Standard Auditing Procedures

Inputs on Policy matters to Government

The Proud Host of WCOA 2022

The ICAI, being a founding member of IFAC, had bid to host the WCOA 2022 and after rigorous assessment regarding the abilities and experience of the member body; suitability of proposed venue; attractiveness to potential delegates, including site visits of IFAC delegation, ICAI won the bid to host the WCOA 2022 in Mumbai. This would be the first time ever that India would be hosting this prestigious event. It is a proud moment not only for accounting fraternity in India but for the fraternity in South Asia, as India is the first country among the South Asia to host the World Congress of Accountants.

International Affiliations

International Footprints
With an avowed objective to promote Indian Chartered Accountancy profession globally, ICAI has been continuously playing an important role by taking membership of various International Professional bodies and in past, had also played an important role in formation of some major International accounting bodies.

Member of

Evolution of International Accounting bodies- Role of ICAI in its formation

International Federation of Accountants

Asian Oceanian Standard Setters Group

Confederation of Asian and Pacific Accountants

Edinburgh Group

South Asian Federation of Accountants

Evolution of International Accounting bodies- Role of ICAI in its formation

XBRL International

International Forum of Accounting Standard Setters

IFRS Foundation

Emerging Economy Group

Evolution of International Accounting bodies- Role of ICAI in its formation

Pan African Federation of Accountants

International Valuation Standards Council

International Integrated Reporting Council

Chatered Accountants Worldwide

Asean Federation of Accountants

For more information please visit www.icai.org

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