Interesting facts about ICAI that every Indian CA aspirant should know.

Posted by IRS Coaching on July 24th, 2019

The number of CA aspirants is increasing rapidly in India. Even after being one of the toughest courses, students never afraid to pursue Chartered Accountancy. Everyone desires to be a CA, but only some can reach the final level and become a CA. The exams of CA are conducted by ICAI (The Institute of Chartered Accountants of India), which is the national professional accounting body of India.

ICAI produces the real Chartered Accountants in India. The ICAI conducts different exams comparing to various degrees of the Chartered Accountancy course, as per the Chartered Accountants Regulations of 1988. CA aspirants, who wish to take up Chartered Accountancy as a profession, are required to enlist for the program at ICAI and qualify every one of the degrees of tests inside a stipulated timeframe to be ensured as a Chartered Accountant. There are some of the most interesting facts about ICAI, which is going to be shared by the Best CA Institute in Laxmi Nagar.

1.       Established in 1949

The Institute of Chartered Accountants of India (ICAI) is an expert accounting body of India. It was set up on first of July 1949 as a body corporate under the Chartered Accountants Act, 1949 instituted by the Indian Parliament to manage the calling of Chartered Accountancy in India. The body is quite old and reliable to study your CA course.

2.       Second largest accounting body in the world’s

Did you know that ICAI is the world’s second-largest accounting body in terms of membership with around more than 2.5 Lakh members? The American Institute of Certified Public Accountants (CPA) is the second largest accounting body in the world. It is a moment of pride for those who have completed their Chartered Accountancy under ICAI. If you also want to attain this pride, then enlist yourself at ICAI and qualify to become a CA.

3.       No reservation

If you have a competitive spirit and you want to battle with the real competitors in CA, then ICAI is for you. Being a body created by the parliament, there is no reservation in ICAI. The eligibility criteria and marks requirement is the same at ICAI. Not even the students, but also the employees are free from any reservation discrimination at ICAI. It is one of those educational bodies that believe in the talent of students instead of reservation.

4.        ICAI lets you start your CA career after 12^th

Students who’ve completed their class 12^th exam from recognized board and school are eligible to give CA foundation exam. After completing graduation, you can pursue your CA studies further. It is not compulsory to in ICAI to belong to Commerce stream. If you are from any other stream, you can easily become a CA.

Once you clear CA foundation and CA intermediate exam, you are eligible to give your final CA attempt. After clearing CA exams from ICAI, you’ll be called a CA, which is one of the most prominent professions in India. If you want more guidance to become a CA, then join the IRS, which is a leading institute for the best CA coaching in Delhi. Here we assure you with the best guidance of your CA career.