Chartered AccountantsIndian Aerospace & Engineering
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The Institute of Chartered Accountants of India (ICAI) is a statutory body established under the Chartered Accountants Act, 1949 (Act No. XXXVIII of 1949) for the regulation of the profession of Chartered Accountancy in India. During its more than fifty years of existence, the Institute has achieved recognition as a premier accounting body in the country for its contribution in the fields of education, professional development, maintenance of high accounting, auditing and ethical standards.
The Chartered Accountants Act, 1949 was passed on 1st May. The ICAI has setup three levels of exams for gaining membership to the Institute of Chartered Accountants of India: (To be attempted in the same order)
All the exams are compulsory to be awarded membership and due training under the guidance of a C.A firm in required.
The Institute conducts its examinations in May and November each year and has exam centers in major cities/regions in India, one each exam center in Kathmandu (Nepal) and Dubai (UAE).
An important phenomenon of recent times is the rapid growth of the accountancy profession. The vast changes occurring in the economy of the country have been placing great responsibilities on the Chartered Accountants. It also constitutes a challenge to the profession to bring to bear their knowledge and skill in their specialised fields of activity. The types of functions generally performed by the Chartered Accountant are varied.