Institute of Chartered Accountants of India (ICAI) Education Council

An individual who is holding a position as a Chartered Accountant in a company is known to hold a prestigious position. A professional accounting body in India that was established on 1st of July 1949 is known as Institute of Chartered Accountants of India (ICAI). This body was formed along with the enactment laid down by Constituent Assembly of India. This body is responsible to regulate the process that gives rise to prestigious professions in the field of Accountancy in India. Just after the American Institute of Certified Public Accountants, Institute of Chartered Accountants of India (ICAI) holds second largest position in the world.

Apart from producing world class accountants in India, Institute of Chartered Accountants of India (ICAI) also deals with a licensing body for accounting profession in India. The professionals who have successfully qualified from Institute of Chartered Accountants of India (ICAI) hold a good position to conduct financial audit in various organizations. The accounting standard is also provided to different renowned companies in India by Institute of Chartered Accountants of India (ICAI). The professionals from this organization also act as a member of Advisory committee in Accounting. In order to set up the standard for insurance and insurance in various organizations, Institute of Chartered Accountants of India (ICAI) plays a wonderful role.

There is a common term used for the members of Institute of Chartered Accountants of India (ICAI). It is important to note that, the members of this body did not come from any Royal charter. The code of ethics is provided by the Chartered Accountants in a particular firm. The professional standards, disciplinary action is laid down by the chartered accountant in a company. An examination is conducted by Institute of Chartered Accountants of India (ICAI). Once an individual qualified this particular examination, he will be able to be a Chartered accountant. There are several examinations in each level such as foundation, intermediate and final. An individual have to qualify all examinations in order to a member of Institute of Chartered Accountants of India (ICAI).