- The Institute of Chartered Accountants of India (ICAI), an institute created by an act of parliament, is the body that sets the accounting standards in the country. It was established in the year 1949 and is headquartered in New Delhi.
- ICIA is under the management of the Ministry of Corporate Affairs (MCA). It also conducts examinations for the students pursuing the Chartered Accountancy course.
- 21st World Congress of Accountants would be organized by ICAI in Mumbai in November 2022. Accountants of repute from across the world including CFAs would discuss the accounting standards.
Question:
Q.1 Which organization would host the 21st World Congress of Accountants?a. WTO
b. WCO
c. ICAI
d. NFRA
