The institute of chartered accountants of india popularly known as the ICAI is a leading accounting body in india. ICAI is an institute generating professionals known as chartered accountants( CA) who are expert in all aspects of accounting taxation law & auditing in india. CA is recognised as the greatest degree in the field of commerce provided by ICAI. CAs are the only one authorise to conduct audit in india. ICAI formulates policies on accounting on behalf of government of india to be complied all over the india.
ICAI is also known for its results which are around 5-10% sometimes lower than this.