WebSep 3, 2024 · CPA Course Duration and Exam in India Within 18 months, candidates must pass these four subjects: Financial Accounting and Reporting (FAR), Auditing and … The Institute of Chartered Accountants of India (ICAI) is India's largest professional accounting body under the administrative control of Ministry of Corporate Affairs, Government of India. It was established on 1 July 1949 as a statutory body under the Chartered Accountants Act, 1949 enacted by the Parliament for … See more The Companies Act, 1913 passed in pre-independent India prescribed various books which had to be maintained by a Company registered under that Act. It also required the appointment of a formal Auditor with … See more ICAI is a founder member of the International Federation of Accountants (IFAC), South Asian Federation of Accountants (SAFA), and Confederation of Asian and Pacific Accountants See more Chartered accountants work in all fields of business and finance, including auditing, taxation, financial and general management. Some … See more The management of the affairs of the institute is undertaken by a council constituted under the Chartered Accountants Act, 1949. The council consists of 32 … See more The motto of the ICAI is Ya Aeshu Suptaeshu Jagruti (Sanskrit), which literally means "a person who is awake in those that sleep". It is a quotation from the Upanishads (Kathopanishad). It was given to the ICAI at the time of its formation in 1949 by See more Members of the Institute are known as Chartered Accountants. Becoming a member requires passing the prescribed examinations, 36 months of practical training and meeting other requirements under the Act and Regulations. The institute has more … See more The institute has a detailed code of ethics and actions in contravention of such code results in disciplinary action against the erring members. The institute publishes a members' handbook containing the Chartered Accountants Act 1949, Chartered … See more
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