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The Institute of Chartered Accountants of India (ICAI) celebrated its 78th Foundation Day on July 1, 2026, reflecting on nearly eight decades of professional excellence, public trust and nation-building. In a message to members, ICAI President highlighted the profession's remarkable journey from tra
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FAQ :
ICAI celebrated its 78th Foundation Day on July 1, 2026.
The celebration highlighted themes such as Artificial Intelligence, ethics, global growth, and the Viksit Bharat vision.
The role has evolved from traditional accounting practices to becoming a key driver of governance, technology adoption, financial transparency, and economic growth.
Recent initiatives include a workshop on 'Creating a Better Financial Reporting Ecosystem', preparations for Ind AS 117 in the insurance sector, the World Forum of Accountants 2026, a revised Code of Ethics, the ICAI AI Innovation Summit, the ScaleUp India Summit, and efforts to strengthen the cooperative sector.
The revised 13th Edition of the Code of Ethics, 2026, consolidates relevant provisions, converges with global standards, and incorporates new areas like sustainability assurance, aiming to strengthen the ethical framework for the profession.
ICAI is building an enabling ecosystem of knowledge, skills, innovation, and partnerships, and has organised the AI Innovation Summit 2026, launched the AICA Level 3 Programme, and a publication titled 'AI Essentials for Chartered Accountants'.
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