INSTITUTE OF CHARTERED ACCOUNTANTS OF INDIA (ICAI)

• The President of India, recently attended the 75^th Foundation Day celebrations of the Institute of Chartered Accountants of India (ICAI).

ABOUT ICAI

• ICAI functions under the administrative control of the Union Ministry of Corporate Affairs.
• It was established in 1949.
• It is a statutory body established under the Chartered Accountants Act, 1949.
• HQ: New Delhi.
• It is tasked with the regulation of the profession of Chartered Accountancy.
• ICAI can be appointed as statutory auditor of a company under the Companies Act, 2013.