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by Suman Gupta The Institute of Chartered Accountants of India  (ICAI) is the second largest accounting body in the world. During its more than six decades of existence, the ICAI has achieved recognition as a premier accounting body with in the country and abroad for maintaining the highest standards in technical, ethical areas and for sustaining stringent examination and education standards. Ever since its inception, the ICAI and the accountancy profession it regulates, have won several accolades and admiration of the leaders and  policy makers of the times. Starting with a handful of about 1700 members, today, the strength of Chartered Accountant fraternity has grown to over 2.45 lakh members. On the education front, the ICAI began with a mere 259 students and currently, more than 8.75 students are pursing the Chartered Accountancy course. The ICAI has 5 Regional Offices and 157 branches across the country. The ICAI overseas Chapters continue to spear...

ICAI Award s for Excel lence in  Finan cial Repor ting  by Suman Gupta  With the objective to recognise and encourage excellence in preparation and presentation of financial information, the Institute of Chartered Accountants of India (ICAI) through its Research Committee, organizes the annual competition ‘ICAI Awards for Excellence in Financial Reporting’. This year, the function shall be organized on Feb 6, 2016 at Kolkata. Shri Tshering Kezang, Auditor General of Bhutan shall grace the occasion as Chief Guest and CA. K. Rahman Khan, Member of Parliament shall be the Guest of Honor. For the competition this year i.e. 2014-15, a total number of 175 entries were received across the 13 categories in which the competition was held.  A meticulous evaluation process is followed and unless the stringent criteria/minimum threshold norms are met, no entity is recommended for an award. The emphasis is on going beyond the normal reporting requirements. Thu...