The Institute of Chartered Accountants of India (ICAI) is a statutory professional body established under the Chartered Accountants Act, 1949 passed by the Parliament of India to regulate the profession of Chartered Accountancy in India. ICAI is the second largest accounting body in the world next only to AICPA. ICAI is the only licensing cum regulating body of the audit and accountancy profession in India. It is responsible for issuing all applicable accounting, auditing and assurance standards in India relating to presentation and publication of financial statements. It works closely with the Government of India, Reserve Bank of India and the Securities and Exchange Board of India in formulating and enforcing such standards.
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ICAI is a founder member of IFAC, South Asian Federation of Accountants (SAFA) and Confederation of Asian and Pacific Accountants (CAPA).
Members of the Institute are known as Chartered Accountants. They are subject to a published Code of Ethics and professional standards, violation of which is subject to disciplinary action. Only a member of ICAI can be appointed as auditor of an Indian company under the Companies Act, 1956. The management of the Institute is vested with the Council of ICAI with the president acting as its Chief Executive Authority. A person can become a member of ICAI by taking prescribed examinations and undergoing three years of practical training. The membership course is known for its rigorous standards. ICAI has entered into Mutual Recognition Agreements with other equivalent professional bodies world-wide for reciprocal membership recognition.
ICAI has published the IPCC results Nov 2010. You can check the results from the below link.
Click here for Results
Click here for Official Website
