“I need MBAs to run my business, but need Chartered Accountants to teach them how to run the business.” – Ratan Tata, Former Chairman, Tata Group.
“..as Merger and Acquisition are order of the day, CAs have very big roles to play in the corporate world” – Kumaranmangalam Brila, Chairman, Aditya Birla Group.
The Institute of Chartered Accountants of India in New Delhi is an Independent Statutory Body set up by an Act of Parliament on the 1st of July, 1949 to regulate the profession of Chartered Accountancy in India. The ICAI functions under the administrative control of the Ministry Of Corporate Affairs of the Indian Government and is the Second Largest Professional Body of Chartered Accountants in the world.
It is the only competent authority to form Syllabus, conducting exams at all levels, conducting Post Qualification Specialist Courses, Laying down Ethical Standards, Formulating Accounting Standards, Prescribing Standard Auditing Procedures, Exercising Disciplinary Jurisdiction, Reviewing Financial Reports, and above all, input on Policy Matters to the Government of India and its states.