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Website. www .icai .org. Institute of Chartered Accountants of India ( ICAI) is India's largest professional accounting body under the administrative control of Ministry of Corporate Affairs, Government of India. It was established on 1 July 1949 as a statutory body under the Chartered Accountants Act, 1949 enacted by the Parliament for ...
A chartered accountant can perform tasks prescribed by the Institute to ensure proper accounting, auditing and taxation controls are followed by organisations in the running of their business and operations. The Institute of Chartered Accountants of India was formed as a body of registered accountants in 1949. [2]
The ICAI notification issued on August 3, 1989 says that "if any member of ICAI, i.e. any Chartered Accountant, who obtained the qualification of Chartered Financial Analyst [awarded by ICFAI] on or after January 1, 1990, or has obtained the said qualification earlier did not surrender the same before the said date, [he/she] would be held ...
v. t. e. 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 ...
CA Foundation Course. 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 ...
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 of 32 branches [2] [3] in the ...
The Institute of Chartered Accountants of Pakistan (ICAP) is the professional body of Chartered Accountants in Pakistan, established on 1 July 1961 under the Chartered Accountants Ordinance, 1961. ICAP is the sole body and authority in Pakistan which has a mandate to regulate the accounting and auditing profession [20] in the country.
CA Intermediate Course. CA Intermediate is the second level exam, of a course in India, Chartered Accountancy. It has six subjects and over 7000 pages of study material that a student is expected to cover in the nine months study period allotted to them. The group system is what makes this exam even more difficult, as a group consists of three ...
National Advisory Committee on Accounting Standards (NACAS) is a body set up under section 210A of the Companies Act, 1956 by the Government of India. It advises the Central Government on the formulation and laying down of accounting policy and accounting standards for adoption by companies . [1] The advisory committee shall consist of the ...
Test model. It is an objective type examination and consists of 200 multiple choice questions. CPT covers four basic subjects divided into two sections viz. 1. Accounting (60 Marks) + Mercantile Laws (40 Marks) 2. Economics (50 Marks) + Quantitative Aptitude (50 Marks) Every incorrect answer on the CPT exam carries a 0.25 negative mark. A ...