𝙰𝚋𝚘𝚞𝚝 𝚄𝚜- 𝙸𝚗𝚜𝚝𝚒𝚝𝚞𝚝𝚎 𝚘𝚏 𝙲𝚑𝚊𝚛𝚝𝚎𝚛𝚎𝚍 𝙰𝚌𝚌𝚘𝚞𝚗𝚝𝚊𝚗𝚝𝚜 𝚘𝚏 𝙸𝚗𝚍𝚒𝚊 (𝙸𝙲𝙰𝙸)

The Institute of Chartered Accountants of India (ICAI) is the national professional accounting body 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 of Chartered Accountancy in India. ICAI is the second largest professional Accounting & Finance body in the world. 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 National Advisory Committee on Accounting Standards (NACAS). and sets the accounting standards to be followed by other types of organisations.  
 
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𝙰𝚋𝚘𝚞𝚝 𝚄𝚜- 𝙸𝚗𝚜𝚝𝚒𝚝𝚞𝚝𝚎 𝚘𝚏 𝙲𝚑𝚊𝚛𝚝𝚎𝚛𝚎𝚍 𝙰𝚌𝚌𝚘𝚞𝚗𝚝𝚊𝚗𝚝𝚜 𝚘𝚏 𝙸𝚗𝚍𝚒𝚊 (𝙸𝙲𝙰𝙸)