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A person can become a member of ICAI and become a financial (i.e. statutory) auditor of Indian Companies. The professional membership organization is known for its non-profit service. ICAI has entered into mutual recognition agreements with other professional accounting bodies worldwide for reciprocal membership recognition.
The aspirant becomes an eligible person to be called a chartered accountant only after he registers with ICAI and obtains membership. CA has gained much prevalence in India due to a lot competition for them.
In August 1989, the Institute of Chartered Accountants of India (ICAI), the national statutory body for professional accounting, imposed restrictions on its members on the use of the designation of `CFA' awarded by the Institute of Chartered Financial Analysts of India (ICFAI). The ICAI notification issued on August 3, 1989 says that "if any member of ICAI, i.e. any Chartered Accountant, who ...
In India, Chartered Accountants are regulated by the Institute of Chartered Accountants of India (ICAI) which was established by the Chartered Accountants Act, 1949. Associate members of the ICAI are entitled to add the prefix CA to their names.
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The Institute of Cost Accountants of India ( ICMAI ), which was previously known as The Institute of Cost & Works Accountants of India ( ICWAI) is a professional accountancy body in India. It is under the ownership of Ministry of Corporate Affairs of the Government of India. It has as its prime responsibility (by the Ministry of Corporate Affairs) to contribute to the cost and management ...
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Western India Regional Council. Western India Regional Council, abbreviated as WIRC of ICAI is one of the five Regional Councils of Institute of Chartered Accountants of India (ICAI) and the largest among them. [1] It is located in Mumbai and serves a membership of more than 85000 Chartered Accountants and circa 225000 CA students, in a network ...
The CA Foundation Course is the entrance level for the chartered accountancy course offered by the Institute of Chartered Accountants of India (ICAI). [1] Earlier, it was known as the Common Proficiency Test. CA Foundation contains 5 series of papers. The CA Foundation exam replaced the CA-CPT exam and now is conducted by the Institute of Chartered Accountants of India (ICAI) twice a year ...
Indian Accounting Standard (abbreviated as Ind_AS) is the accounting standard adopted by companies in India and issued under the supervision of Accounting Standards Board (ASB) which was constituted as a body in the year 1977. ASB is a committee under Institute of Chartered Accountants of India (ICAI) which consists of representatives from government department, academicians, other ...