The Institute of Chartered Accountants of India (ICAI) is a premier professional accounting body in India, established in 1949. It regulates the profession of chartered accountancy in the country and sets standards for accounting and auditing practices. ICAI also conducts examinations for aspiring chartered accountants and provides training and resources to enhance their skills. ICAI plays a crucial role in maintaining the integrity of the accounting profession in India. It promotes ethical practices and ensures that its members adhere to high standards of professionalism. The institute also engages in research and development to keep up with global accounting trends and practices.