The Institute of Chartered Accountants of India (ICAI) is a statutory body established under the Chartered Accountants Act, 1949, to regulate the profession of Chartered Accountancy in India. It is the largest professional accounting body in India and the second largest in the world in terms of membership and students[1][3]. ### Key Features of ICAI: - Establishment and Governance: ICAI was established on July 1, 1949, and operates under the administrative control of the Ministry of Corporate Affairs, Government of India[3]. - Council and Management: The affairs of ICAI are managed by a Council consisting of 40 members, with 32 elected by Chartered Accountants and 8 nominated by the Central Government[1]. - Professional Roles: Chartered Accountants work in various fields, including auditing, taxation, financial management, and public practice[3]. - Examinations and Membership: To become a Chartered Accountant, one must pass the Foundation, Intermediate, and Final exams, along with completing practical training[3]. - International Recognition: ICAI has mutual recognition agreements with several international accounting bodies, facilitating global recognition of its members[3]. ### Recent Developments: - CA Inter Results: The CA Inter January 2025 results are expected to be released in late February 2025[2]. - Educational Initiatives: ICAI collaborates with institutions like IGNOU to offer degree programs alongside CA certifications[3].