Institute Of Chartered Accountants Of India

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Institute Of Chartered Accountants Of India

  1. 1. (Icai) 1
  2. 2. Established by an Act of Indian Parliament “The Chartered Accountants Act, 1949”
  3. 3. the institution Board members Its mission The motto Role of icai in global scenario Steps in becoming a c.a Opportunities for a c.a Qualifications for Membership 3
  4. 4. The institute: •Icai was established in July 1949 under the chartered accountants act 1949(act no.xxxv111 of 1949) enacted by the parliament. •The institute is governed by a council. •The council consists of 40 members •32 members are selected from among the members and the remaining 8members are selected by the government of India. 4
  5. 5. •The headquarters is located in new Delhi. •Icai has 116 branches all over India. •Icai has branches overseas which includes the following countries: Abu Dhabi,bahrain,bostwana,doha,dubai,indones ia,jeddah,kuwait,london,melbourne,nigeria, riyadh,saudiarabia etc… 5
  6. 6. Chapters Abroad • Abu Dhabi • Bahrain • Botswana • Doha • Dubai • Indonesia N ew D elh i • Jeddah • Kuwait K anpur • London C a lcu tta • Melbourne • Muscat • Nairobi (Kenya) M um bai • New York • Nigeria • Port Moresby (Papua New Guinea) C h en n a i • Riyadh • Saudi Arabia (Eastern province) • Sydney • Toronto Decentralized Offices • Zambia
  7. 7. . A d m in istra tion P R E S ID E N T E xa m in a tion D is c ip lin a r y V IC E -P R E S ID E N T M &SS A /C . & F in a n ce HRD, P & A C o u n cil SEC R ETA R Y TO THE C OUNC IL (S e c re ta ry to th e In s titu te ) In te rn atio n a l A ffa irs T e ch n ica l D ire cto ra te DEPART MENT S C O M M IT T E E S B o ard of S tud ies C P E D ire cto ra te
  8. 8. Board members: 1. c.a ved jain-president # CA.VED JAIN, FCA, New Delhi, aged 54 years is the president of icai. # he is a rank holder in both CA Inter and CA Final. # A Triple Bachelors Degree Holder, he has done his Bachelors of Science from Punjab University in 1973. # A Fellow Member of ICAI with more than three decades of standing, CA. Ved Jain was elected to the Central Council of ICAI for the first time in 2004 and thereafter in 2007. 8
  9. 9. 2.Uttam Prakash Agarwal # Uttam Prakash Agarwal has been elected as the Vice President of the Institute of Chartered Accountants of India . # He joined the Council in 2004 and has held Chairmanship of Committee for Members in Industry. # He is also holding the Vice Chair of Diamond Jubilee and Perspective Planning Committee(s), the newly constituted committee’s of icai and the international Affairs committee. # He is also Vice Chairman of ICAI Accounting Research Foundation,a body incorporated under the Companies Act, 1956 9 as a research WING OF ICAI.
  10. 10. 3. Shri.t.karthikeyan-secretary # a post Graduate in economics, made a beginning in the Institute of Chartered Accountants of India (ICAI) in January, 1978 as a Research Assistant. # The first dedicated Assistant to the Accounting standards Board during its formative stage(s). # Acted as the Secretary to the Study Team on Issues Relating to Foreign Bodies/Firms which was, inter alia, entrusted with the task of providing inputs, on behalf of the ICAI, to the Government on WTO related matters, for the first time. 10
  11. 11. # Officer-in-charge for five consecutive Elections to the Council and the Regional Councils including conduct and completion of election under the Election Rules framed by the Central Government for the first time. 11
  12. 12. The Indian Accountancy Profession will be the Valued Trustee of World Class Financial competencies, Good Governance and Competitiveness
  13. 13. 13
  14. 14. Role of icai in global scenario: #the institute is playing a prominent role in international accounting bodies. # active involvement in the activities of international federation of accountant(IFAC),international accounting standard boards(IASB),confederation of Asian and pacific accountants(CAPA),and south Asian federation of accountants(SAFA). 14
  15. 15. #chartered accountancy profession has achieved a rapid growth over the last few years. #today the membership of the institute exceeds 1,30,000 which was only 1,600 at the time of its inception. 15
  16. 16. Opening up of new Chapters abroad- Oman  and New York. Singapore Chapter on anvil. MOU with College of Banking and Financial  Studies, Oman – For institutionalization of accounting profession in Oman. MOU with Center of Excellence for Applied  Research and Training (CERT), Dubai- To conceptualize and devise an international curriculum in accountancy integrating local needs keeping in mind various requirements of different levels of accountancy and audit professionals.
  17. 17. Technical assistance programme to CPA Mongolia and University of Djibouti ongoing. Implementation of Guidelines for Article Training Abroad. 17
  18. 18. Steps for becoming a chartered accountant: PCC - CPT - IT TRAINING -250 PROFESSIONAL HOURS INFORMATION COMMON COMPETENCY PROFICIENCY TEST TECHNOLOGY COURSE TRAINING FINAL 3 years of articled COURSE training 18
  19. 19. Common proficiency test: #it is an entry level test for chartered accountancy course. #it has 4 subjects i.e. accounting , mercantile law , economics and quantitative aptitude. #the test is of 200 marks. #the test is divided into 2 sessions of 2 hours each. 19
  20. 20. Professional competence course: #this is the first stage for chartered accountancy curriculum. #in this course the working knowledge and allied subjects of accountancy is covered. #knowledge of business communication through modules of developing soft skills , leadership , group dynamics and knowledge of business meetings and legal documents. 20
  21. 21. Complete 100 hours of Compulsory Computer Training before appearing for PCE. Undergo General Management & Communication Skills (GMCS) after 18 months of practical training and completion of PCE Eligible to appear for Final Examination on completion of 3 ½ years and passing of PCE 21
  22. 22. FINAL COURSE: 22
  23. 23. Opportunities for a chartered accountant: •Chartered accountancy offers a challenging career in globalised trade , industry and economic scenario. •Chartered accountants have occupied top management positions in public and private sector. •ca’s may start professional practice as a proprietor or join any existing firm as a PARTNER. 23
  24. 24. •a ca has been entrusted with substantial responsibility of various legislations such as compulsory audit accounts of all the companies , banks, stock brokers , co-operative societies etc. •Chartered accountants are considered equivalent to post graduates for admission in ph.d programmes. •A student who has passed final examination of icai has been recognized for recruitment to superior services or posts under central govt. ( ias , ips etc) . 24
  25. 25. •The icai has recently entered into memorandum of understanding with ignou by which ignou will launch special b.com course majoring in accounts and finance and special m.com course majoring in finance and taxation for ca students. 25
  26. 26. ualifications for membership Members Associate Fellow member member 26
  27. 27. Fellow member: An associate member can apply to the council for fellowship if he/she fulfills the following conditions: #he/she should have been an associate member of the institute of not less than 5 years and in continuous practice in India as a cost accountant for at least 5 years and #he/she should have been an associate member of the institute for a continuous period of not less than 5 years and immediately before the date of his/her application should have held for a continuous period of not less than 5 years as chief cost accountant or an equivalent appointment , by whatever name designated ,in an organization approved for the purpose by council 27
  28. 28. Associate member: # a person who has passed the final examination of the institute and who has acquired for a period of not less than 3 years practical training experience in any industrial, commercial , government units. #the experience as above stated may be acquired prior to or after passing the final examination or partly before and partly after passing the said examination. 28
  29. 29. NO OF FELLOW AND ASSOCIATE MEMBERS: REGION FELLOW MEMBERS ASSOCIATE MEMBERS WESTERN 14,186 6,957 SOUTHERN 11,037 3,123 EASTERN 5523 1,766 CENTRAL 8288 3,817 NORTHERN 10491 3,791 TOTAL 49525 19,454 29
  30. 30. The Institute of Chartered Accountants of India [Set up by an Act of Parliament] “icai bhawan”, indraprastha marg, new Delhi – 110 002. Phone: 91-11-39893989, 30110210 Website: www.icai.org
  31. 31. Thank you 31
  32. 32. QUERIES 32

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