The Institute of Chartered Accountants of India (ICAI) is a statutory body established by an Act of Parliament, viz. The Chartered Accountants Act, 1949 (Act No.XXXVIII of 1949) for regulating the profession of Chartered Accountancy in the country. The Institute, functions under the administrative control of the Ministry of Corporate Affairs, Government of India. The ICAI is the second largest professional body of Chartered Accountants in the world, with a strong tradition of service to the Indian economy in public interest.
The affairs of the ICAI are managed by a Council in accordance with the provisions of the Chartered Accountants Act, 1949 and the Chartered Accountants Regulations, 1988. The Council constitutes of 40 members of whom 32 are elected by the Chartered Accountants and remaining 8 are nominated by the Central Government generally representing the Comptroller and Auditor General of India, Securities and Exchange Board of India, Ministry of Corporate Affairs, Ministry of Finance and other stakeholders.
Over a period of time the ICAI has achieved recognition as a premier accounting body not only in the country but also globally, for maintaining highest standards in technical, ethical areas and for sustaining stringent examination and education standards. Since 1949, the profession has grown leaps and bounds in terms of members and student base.
- Regulate the profession of Accountancy
- Education and Examination of Chartered Accountancy Course
- Continuing Professional Education of Members
- Conducting Post Qualification Courses
- Formulation of Accounting Standards
- Prescription of Standard Auditing Procedures
- Laying down Ethical Standards
- Monitoring Quality through Peer Review
- Ensuring Standards of performance of Members
- Exercise Disciplinary Jurisdiction
- Financial Reporting Review
- Input on Policy matters to Government
About Nellore Branch of ICAI
Nellore Branch of SIRC of ICAI was established in the year 2007. Our Branch was inaugurated by Past President of ICAI Padmasri CA.T.N.Manoharn. Our Branch has more than 250 members at present. In the year 2008, the branch has established Computer Lab for pursuing ITT Course by IPCC students. With the initiative of past President CA.Uttam Prakash Agarwal, CA examination centre was established in the year 2009. At present, more than 600 students are appearing for CA examinations at Nellore. In the year 2010, the Government of AP has allotted One ( 1) Acre of Land to our branch for constructing “ICAI Bhawan”. On 2nd May, 2010 the Foundation Stone was laid by Sri. K Rosaiah,Chief Minister of Andhra Pradesh. We have constructed the building within a period 1 ½ years. Our “ICAI Bhawan” was inaugurated by President of ICAI CA.G.Ramaswamy on 30th December,2011. At present we are operating the branch with all infrastructure facilities and conducting ICITSS (ITT), ICITSS (Orientation)classes for CA Students and CPE Programs for members.
Our Past Chairmen’s