The Institute of Chartered Accountants of India
About The Institute of Chartered Accountants of India
The Institute of Chartered Accountants of India (ICAI) is a statutory body established by an Act of Parliament, The Chartered Accountants Act, 1949 for regulating the profession of Chartered Accountants in India. ICAI operates under the aegis of the Ministry of Corporate Affairs of the Government of India. It is the second-largest professional body of Chartered Accountants in the world, with a membership of over 360,000, engaged in various Government, public, private, and social organisations making a significant contribution to the world’s economy.
The ICAI has negotiated Mutual Recognition Agreements (MRA), Bilateral Co-operation Agreements, and International Pathway Programs with accounting professional bodies in various countries including the United Kingdom, Canada, South Africa, UAE, and Ireland.
In Australia, there are two mutual recognition agreements that have been signed by the ICAI with the premier accounting bodies of Australia, CAANZ and CPA Australia. The mutual agreements recognise the professional qualifications of each other’s governing Institutes in Australia and India and scope further collaborations in the fields of accounting and finance.
About AICAI – Sydney Chapter
The Chapter is a non-profit organisation registered in NSW and its parent body is the ICAI. The Chapter was established in 2007 and currently has a membership exceeding 500 and growing. The members of ICAI are spread across Sydney, Melbourne, Brisbane, Canberra, Perth and Adelaide, and other regional towns. Currently over 3,000 members of ICAI currently employed in Australia across industries in private practice, Big 4 professional firms, financial institutions, commerce, and government sector at both the state and federal levels making contributions to the Australian economy.
The Chapter aims to provide a platform to its members in the Sydney region for their professional & personal development and positively contribute to the region’s economy. The Chapter’s members include members of ICAI as well as other professionals (including accountants of mutually recognised institutes) as professional associates.
Brief description of some of the activities conducted by the Chapter:
Professional Development Programs (3 monthly sessions) conducted by leading speakers from the Commerce, and Industry covering a wide range of topics dealing with technical, commercial, and trade-related matters, leadership, accounting standard, and taxation.
Unique platform through our international conference which is our annual marquee event where we invite speakers from the wide spectrum of professional accounting bodies, consultancy firms, financial institutions, and the competent authorities from India and Australia to talk on various topical matters.
Provide quarterly newsletters which focus more on the current events affecting the Australian economy.
Contribute to the community by actively organising social responsibility events such as Blood Donation Drives, Clean up Australia, and Wellbeing community events (Yoga) for the benefit of the members and the community at large.
Celebrate the spirit of Diwali through our annual event for the members and their families with esteemed guests from different professional bodies, and state and federal government authorities. Organise sessions for new migrants to facilitate their transition into Australia.
To facilitate the professional growth of Chapter members with the highest levels of integrity and effectiveness and strategically partner with other accounting bodies of Australia. To be a partner in Australia’s economic growth by providing a dynamic, open environment that encourages creative thinking and innovative ideas from our members and professional associates.
To be recognised as a premier overseas chapter towards fulfilling ICAI core elements of:
- World’s leading accounting body.
- Regulator and developer of Trusted and Independent Professionals.
- Serve members and the wider community with world-class competencies.
- Facilitate education and training in risk, digital transformation, and strategy in addition to accounting, assurance, taxation, finance, and business advisory services.