ICAI lays standard to regulate your
internal and external accounting audits.
ICAI is a legal
organization created under the Chartered Accountants Act, 1949 to
regularize the working of Chartered Accountants in India. In term of
member size, ICAI ranks among the top three of the accounting bodies
globally. The main role of this entity is promoting the subject of
accountancy in India, educate and hold exams for Chartered
Accountancy. The other roles involve research, advisory and growth of
the fraternity to serve the nation for a better financial life. The
body also ensures implementation of ethical standards is done by the
members along with their professional growth in the process. ICAI
gives its opinion to government regarding many key issues including
implementation of direct tax, setting up tax laws, following
cooperate governance by the companies, export – import policies and
many more. It works in convergence of many other regulatory bodies
like Comptroller of Auditor General of India (CAG), RBI, SEBI, Ministry of
Corporate Affairs (MCA) under Government of India (GOI) and IRDA etc. ICAI plays
a very big role to ensure that fair practices are followed by members
and attends to the complaints from the end users of the services and
also grant sou- motu actions in some cases. The defaulting members
are made accountable for any defaults in accounting practices.
Official website : www.icai.org.in
Thanks and Regards
Team
Email: saarthifp@gmail.com
