Mysore/Mysuru: The profession of Accountancy and Auditing throughout the world is regulated and licences are granted by the Regulator/ Sovereign to the Auditors to ensure probity in financial statements. The Institute of Chartered Accountants of India (ICAI) is a statutory body set up in 1949 by an Act of Parliament to regulate the Profession of Chartered Accountancy in India.
In a recent major decision, ICAI has decided to open Centre for Audit Quality at ICAI’s Centre of Excellence, Jaipur, which would enable the Institute to make available conducive environment for research and develop a systematic audit quality framework.
