Institute of Chartered Accountants of India

ICAI India’s leading professional organization for accounting and external auditing. Headquartered in New Delhi, and established in 1949 from predecessor bodies founded during the British colonial period, the Indian *chartered accountants’ institute is large, sophisticated, and influential. Through its committee structures, the ICAI issues English-language Indian *accounting standards and *auditing standards, details of which are available from the ICAI Web site. Also available from the ICAI Web site are interpretations and clarifications of Indian accounting standards. The ICAI had approximately 100,000 members in 2003, including many members based outside India (e.g., among Indian expatriate communities in Africa and the Mid East). The ICAI is one of two large Indian accounting organizations - the other is the Calcutta-based Institute of Cost and Works Accountants of India, whose members work mostly as management accountants in industry. Web site: www.icai.org

Auditor's dictionary. 2014.

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