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The ICAI is responsible for regulating and promoting the profession of Chartered Accountancy in India. It sets accounting standards, conducts professional development programs, and administers the CA exams. The ICAI also has the power to discipline its members for professional misconduct.
The CA program offered by the ICAI is considered to be one of the most rigorous and challenging professional courses in India. It requires a minimum of three years of practical training and passing three levels of exams. The program covers topics such as accounting, taxation, auditing, financial management, and corporate laws.
The ICAI also offers various other professional development programs, such as the Certificate Course on Concurrent Audit of Banks, the Certificate Course on Forensic Accounting and Fraud Detection, and the Post Qualification Course in International Taxation.
The ICAI has played a significant role in shaping the accounting profession in India. It has contributed to the development of the Indian economy by providing skilled professionals who help businesses make informed financial decisions. The ICAI has also promoted transparency and accountability in financial reporting, which has helped build investor confidence in the Indian market.
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