Established by an
Act of Indian Parliament
“The Chartered Accountants Act, 1949”
Role of icai in global scenario
Steps in becoming a c.a
Opportunities for a c.a
Qualifications for Membership
•Icai was established in July 1949 under the
chartered accountants act 1949(act
no.xxxv111 of 1949) enacted by the
•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.
•The headquarters is located in new Delhi.
•Icai has 116 branches all over India.
•Icai has branches overseas which includes
the following countries: Abu
• Abu Dhabi
• Nairobi (Kenya)
• New York
• Port Moresby (Papua New Guinea)
• Saudi Arabia (Eastern province)
SECRETARY TO THE COUNCIL
(Secretary to the Institute)
M&SS A/C. & Finance
HRD, P & A Council
Board of Studies
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
# 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.
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
# He is also Vice Chairman of ICAI
Accounting Research Foundation,a body
incorporated under the Companies Act, 1956
as a research WING OF ICAI.
# 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
# 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
# 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.
The Indian Accountancy
Profession will be the Valued
Trustee of World Class Financial
competencies, Good Governance
Role of icai in global
#the institute is playing a prominent role
in international accounting bodies.
# active involvement in the activities of
international federation of
boards(IASB),confederation of Asian and
pacific accountants(CAPA),and south
Asian federation of accountants(SAFA).
#chartered accountancy profession has
achieved a rapid growth over the last few
#today the membership of the institute
exceeds 1,30,000 which was only 1,600 at the
time of its inception.
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.
Technical assistance programme to CPA
Mongolia and University of Djibouti ongoing.
Implementation of Guidelines for Article
IT TRAINING -250
3 years of articled
Steps for becoming a
Common proficiency test:
#it is an entry level test for chartered
#it has 4 subjects i.e. accounting
, mercantile law , economics and quantitative
#the test is of 200 marks.
#the test is divided into 2 sessions of 2
Professional competence course:
#this is the first stage for chartered
#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.
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
Opportunities for a chartered
•Chartered accountancy offers a challenging
career in globalised trade , industry and
•Chartered accountants have occupied top
management positions in public and private
•ca’s may start professional practice as a
proprietor or join any existing firm as a
•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
•Chartered accountants are considered
equivalent to post graduates for admission in
•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)
•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.
Qualifications for membership
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
#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
# 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.
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
The Institute of Chartered Accountants of
[Set up by an Act of Parliament]
“icai bhawan”, indraprastha marg, new
Delhi – 110 002.
Phone: 91-11-39893989, 30110210