ICAI Celebrating CAs Day on July 1st ,2010. Successfully Completed 51 Years by ICAI. ICAI formed on July 1st, 1949.ICAI is One of the Most Powerful Accounting Body World Wide. ICAI has Very Big Impact in India.ICAI Produced 153,600 Chartered Accountants ( CA ) till April 2009( Data : Wikipedia ). There is always Best Future for future Chartered Accountants.
Chartered Accountants are specialized in the areas of Accounting, Auditing, Corporate Finance, Corporate Law and Taxation.
HISTORY of ICAI in Brief :
The Institute of Chartered Accountants of India (ICAI) is a statutory body established under the Chartered Accountants Act, 1949 passed by the Parliament of India to regulate the profession of Chartered Accountancy in India. ICAI considers itself to be the second largest accounting body in the whole world in sheer terms of membership. Unlike most other Commonwealth countries, the word Chartered in Chartered Accountant does not refer to any Royal Charter since India is a republic. Chartered here represents the respected position of the members of ICAI. After the Chartered Accountants Act, 1949 was brought into force on 1 July 1949, the term Chartered Accountant came to be used in place of Registered Accountants and Government Diploma Accountants.