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 and provides training to aspiring chartered accountants. ICAI plays a crucial role in enhancing the skills and knowledge of its members through various programs and initiatives. It also works to promote ethical practices in the accounting profession and contributes to the development of the financial sector in India.