The Institute of Chartered Accountants of India (ICAI) set-up under the Chartered Accountant Act, 1949 to regulate the profession of Chartered Accountancy is one of the largest and prominent accounting body worldwide. It has been taking various proactive measures from time to time, aligned with the changing facets of the Indian economy, for continuously raising the standards of quality of accounting and financial reporting.
In order to provide opportunity to members of the Institute , based in other countries , to interact among themselves professionally,the Council approved setting up of a Chapter of the Institute in New York, U.S.A. This is the 20th Chapter of the Institute outside India. The 1st Chapter was set up in Zambia.
At present the Chapters of the Institute are in Saudi Arabia (Jeddah, Riyadh, Eastern Province), Botswana, Nigeria , Nairobi, Port Moresby (Papua New Guinea), Dubai, Abu Dhabi, Bahrain, Kuwait, Doha, Australia (Melbourne & Sydney), Canada (Toronto), Indonesia, London, Muscat (Sultanate of Oman).
As a result of the formation of these Chapters, the members can attend Continuing Professional Education Programmes organized by the Chapters. Besides, the Chapters also act as a bridge between ICAI and the Accountancy bodies in these countries. These help in identifying professional and employment opportunities available for members of ICAI, assist ICAI in setting up of accountancy Institutes, if no such Institute already exists in those countries.