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, ensuring they meet the required qualifications. ICAI plays a crucial role in promoting the accounting profession and enhancing the skills of its members. It offers various resources, including continuing professional education and guidance on ethical practices. The institute also collaborates with international accounting organizations to align Indian standards with global practices.