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Only a member of ICAI can be appointed as statutory auditor of a company under the Companies Act, 2013. The management of the institute is vested with its council with the president acting as its chief executive authority. A person can become a member of ICAI and become a financial (i.e. statutory) auditor of Indian Companies.
The aspirant is eligible to become a member of ICAI on successful completion of all the necessary courses, required exams and mandatory training specified above. The aspirant becomes an eligible person to be called a chartered accountant only after he registers with ICAI and obtains membership.
ICAI has allowed provisional registration for 10th class passed students.Eligibility Criteria for CA Foundation Course 1. Educational Qualification: • Class 10: Students who have passed the Class 10 examination conducted by an examining body constituted by law in India or an examination recognized by the Central Government or the State ...
The CPT or Common Proficiency Test was the first level of Chartered Accountancy examinations in India which has been changed to CA Foundation according to ICAI's revised scheme. [ 1 ] Eligibility
Professional bodies represent the interests of their members by lobbying governments, and provide the framework for self-regulation where this is permitted by statute. Professional bodies are also responsible for administering training and examinations for students and members.
It is located in Mumbai and serves a membership of more than 85000 Chartered Accountants and circa 225000 CA students, in a network of 32 branches [2] [3] in the three states of Maharashtra, Gujarat, Goa and two Union Territories of Daman and Diu and Dadra and Nagar Haveli.
2009: ACCA members allowed to provide probate services as of 1 August under Probate Services (Approved Bodies) Order 2009 Number 1588. 2011 onward: ACCA is the first accountancy body to publish an integrated annual report. 2014: ACCA members and student numbers reached 600,000 worldwide.
The institute is a member of the Consultative Committee of Accountancy Bodies (CCAB), formed in 1974 by the major accountancy professional bodies in the UK and Ireland. The fragmented nature of the accountancy profession in the UK is in part due to the absence of any legal requirement for an accountant to be a member of one of the many Institutes, as the term accountant does not have legal ...