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    Icai

    The Institute of Chartered Accountants of India (ICAI) was set up on July 1, 1949. The statutory body was established under the Chartered Accountants Act, 1949, enacted by the Parliament, to regulate affairs related to chartered accountants such as prescribing their qualifications, conducting requisite examinations, and granting Certificate of Practice. The affairs of the ICAI are managed by a council in accordance with the provisions of the Chartered Accountants Act, 1949 and the Chartered Accountants Regulations, 1988. The council consists of 40 members, 32 of whom are elected by chartered accountants; the rest are nominated by the Centre -- generally representing the Comptroller and Auditor General of India, Securities and Exchange Board of India, Ministry of Corporate Affairs, Ministry of Finance and other stakeholders. Counted amongst the world’s largest professional accounting bodies, ICAI, which functions under the administrative control of the Ministry of Corporate Affairs, Government of India, is headquartered in the ICAI Bhawan in Indraprastha Marg, New Delhi. The current president of the ICAI is CA Nihar N Jambusaria, who is also the Chairman of all Standing Committees, i.e., Executive, Finance, and Examination Committees, besides being the ex-officio member of all Non-Standing Committees and the Editor of the ICAI Journal, ‘The Chartered Accountant’. More

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    • Govt may roll out Corporate Mitra programme by June; nine-month training model under discussion

      MCA drafting guidelines after consultations; initiative aimed at creating bookkeeping and compliance support cadre for MSMEs

    • Govt likely to expand participation in PM Internship Scheme by professional institutes

      CSR-linked funding clause cited as hurdle for statutory professional bodies like ICAI

    • ICAI document to tighten corporate fraud detection norms by Nov-end; may propose Companies Act changes

      The research paper, expected by end-November, will focus on early detection of corporate and IPO-related frauds, fix accountability gaps, and plug legal loopholes, drawing on analysis of 64 SEBI orders to identify systemic red flags.

    • ICAI holds council meeting in Pahalgam, first such high-level gathering since April 22 attack

      The ICAI decided to host its 445th council meeting in Pahalgam from August 12–14, 2025 and its president Charanjot Singh Nanda said it was a conscious effort to rebuild trust and signal a return to normalcy.

    • Courage to ask tough questions, refusal to walk away will ensure markets command global trust: Sebi’s Tuhin Kanta to auditors

      Sebi chief said India continues to dominate the global markets in terms of primary market fund raising, and maintaining transparency and governance is even more important now.

    • Why ICAI’s audit limit is misguided and outdated

      ICAI’s proposed 60-audit cap lacks legal clarity and empirical support. Amid digital tax reform, mandatory audits feel outdated—raising concerns over regulatory overreach, procedural fairness, and modern compliance efficiency

    • Turn chartered accountants into whistleblowers: ICAI’s solution to Sebi’s corporate fraud problem

      ICAI has formed a special committee to suggest proposals that can help in early detection of corporate fraud

    • ICAI to assess financial aspects of 'One Nation One Election'

      The Institute of Chartered Accountants of India (ICAI) President Charanjot Singh Nanda said that the institute will be assessing the various financial aspects of ONOE reform.

    • Solicitor General backs NFRA’s authority to issue audit Standards on quality management

      The legal opinion says that ICAI Act, 1949, does not provide Institute of Chartered Accountants of India with the authority to issue standards related to auditing or quality management

    • Why ICAI will seek review of NFRA's decision to amend audit standards?

      NFRA during its board meeting recommended the revision of Standards on Auditing (SA) 600 to hold the group auditor ultimately responsible for the audit

    • NFRA board meet to weigh global audit standards for LLPs, may align with company norms: Source

      Given the rise of LLPs in critical sectors and a growing preference for registering businesses as LLPs, the NFRA sees a need for bolstered transparency and accountability.

    • ICAI sets up group on stress management; to introduce counselling help desk

      The institute will also develop peer support networks where members can share experiences, seek advice, and collaborate to address challenges related to stress management.

    • New NFRA rules face opposition from smaller CA firms

      NFRA has proposed that group auditors be held responsible for complete financial statements ; CAs seek joint responsibility.

    • MCA explores disciplinary action against CAs, company secretaries in 500 Chinese companies

      The ministry has found that many of these companies are non-existent at their registered addresses. In some cases, they had received investment but were now into businesses other than what they were registered for. These are incorporation-related frauds.

    • ICAI Exam: Supreme Court refuses to postpone CA Exam 2024

      CA Exam Postponement: Despite earlier appeals and a legal petition requesting the postponement of the exams due to their proximity to the general elections, the Delhi High Court has dismissed such requests.

    • ICAI Admit Card May 2024 for CA Inter & Final Exams released @ eservices.icai.org; Download link here

      ICAI CA Hall Ticket: ICAI Chartered Accountancy (Group 1), which was scheduled to take place on May 7, will now be held on three separate dates - May 3, 5 & 9.

    • Exclusive | Company law panel may call for more teeth against directors amid alleged irregularities at Byju's, others

      The committee, which is considering stronger regulations for unlisted companies, was set up in the wake of governance issues coming to light at a number of companies.

    • Paytm issue may be reviewed, scrutiny on Byju's progressing well: ICAI

      The FRRB of the statutory body is currently conducting a review of the accounts of tech-based education unicorn Byju’s over alleged governance concerns, and the exercise is progressing well, the ICAI president said.

    • ICAI refers Byju's matter to disciplinary panel for further action

      The Financial Reporting Review Board of ICAI, which was looking into the financial statements of Byju's, flagged certain issues, which the disciplinary panel would examine

    • MC Exclusive: Auditors, public sector banks to launch balance confirmation portal

    • ICAI calls out investigating agencies for 'overzealousness' in dealing with CAs

    • ICAI Presents CA 40 Under 40- An Event that Celebrates the Achievements of the Outstanding 40 Young Chartered Accountants Across the Country

    • When becoming a CA is everything: How students prepare without a B-plan

    • ICAI looking into financial disclosures of Byju's, says President Debashis Mitra

    • ICAI says disciplinary body to have 3 non-CA members by 2022-23

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