Website: icai.org
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ICAI (The Institute of Chartered Accountants of India) is a professional body that regulates the accountancy profession in India. It was established by an Act of Parliament, the Chartered Accountants Act, 1949. The institute operates under the administrative control of the Ministry of Corporate Affairs, Government of India. ICAI is the second largest professional accounting and finance body in the world in terms of membership, after the American Institute of Certified Public Accountants. ICAI's primary functions include: Regulating the profession of accountancy Education and examination of chartered accountancy course Continuing professional education of members Conducting post-qualification courses Formulation of accounting standards Prescription of standard auditing procedures Laying down ethical standards Monitoring quality through peer review Ensuring standards of performance of members Exercising disciplinary jurisdiction Financial reporting review Providing input on policy matters to the government ICAI has been instrumental in setting high standards for the profession of chartered accountancy in India. It conducts rigorous examinations and maintains strict ethical and professional standards for its members. The institute also plays a crucial role in the development and adoption of accounting and auditing standards in the country. ICAI's website, icai.org, serves as a comprehensive platform for its members, students, and the public. It provides various resources, including publications, updates on regulatory changes, and information about the institute's activities and initiatives. The website also facilitates online services for members and students, such as exam registration, e-learning, and access to important documents and announcements. The institute's commitment to upholding the highest professional and ethical standards in the field of accountancy has contributed to its reputation as a trusted and respected regulatory body. Its role in shaping the accounting profession in India and its efforts to promote excellence in the practice of accountancy have earned it recognition both nationally and internationally. ICAI's website, as a primary communication and information dissemination platform, reflects the institute's dedication to transparency, accountability, and the dissemination of knowledge and best practices in the field of accountancy. It is an essential resource for its members, students, and stakeholders, providing access to a wide range of information, services, and support related to the profession of chartered accountancy in India."