The Institute of Chartered Accountants of India (ICAI) is a statutory body established under the Chartered Accountants Act, 1949 for the regulation of the profession of Chartered Accountancy in India. During its nearly six decades of existence, ICAI has achieved recognition as a premier accounting body not only in the country but also globally, for its contribution in the fields of education, professional development, maintenance of high accounting, auditing and ethical standards. ICAI now is the second largest accounting body in the world.
In this landmark year when the Institute is celebrating its Diamond Jubilee year, CA. Ved Jain, President, ICAI has been appointed as a Member on the Board of International Federation of Accountants (IFAC) for a term of 3 years from 13th November 2008.This was announced during the IFAC Council meeting held on 12th -13th November 2008 at Rome, Italy. President, CA. Ved Jain took over as the President of ICAI on February 5, 2008 and under his able leadership the Institute has achieved new heights in a short span of 9 months. A brief profile along with the photograph of CA. Ved Jain is attached for reference.
About IFAC
IFAC (International Federation of Accountants) is the global organization for the accountancy profession. It works with its 138 members and 20 associates in 123 countries and jurisdictions to protect the public interest by encouraging high quality practices by the world's accountants. ICAI is one of the members of IFAC. IFAC members and associates, which are primarily national professional accountancy bodies, represent 2.5 million accountants employed in public practice, industry, commerce, government, and academia.
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