Hemant Shah and associates is an organization offering financial services related consultancy. We have a professionally qualified and experienced team committed to provide consistent, customized and workable solutions to our clients.
The Institute of Chartered Accountants of India is the governing body of the Chartered Accountants in India. Chartered Accountants play a very vital role in setting up and running of business in India, and perform all the activities which are taken up by Certified Practicing Accountants in most parts of the world. The Institute of Chartered Accountants of India (ICAI) is a statutory body established under the Chartered Accountants Act, 1949 (Act No. XXXVIII of 1949) for the regulation of the profession of chartered accountancy in India. During its more than fifty years of existence, the Institute has achieved recognition as a premier accounting body in the country for its contribution in the fields of education, professional development, maintenance of high accounting, auditing and ethical standards. The activities of the Institute have been broadly divided into four parts comprising of Technical directorate, CPE Directorate, Board of studies and the Administration, each one headed by the separate head. The other important wings of the Institute are the, Disciplinary Cell, , Members and Students Services, International Affairs, Research, Auditing Practices, Accounting Standard Board, Expert Advisory Cell, Trade Laws & WTO, Insurance etc. The Institute has also set up ICAI Accounting Research Foundation under section 25 of the Companies Act.
The Institute is also the founder member of various International professional bodies such as the International Federation of Accountants (IFAC), Confederation of Asian and Pacific Accountants (CAPA), South Asian Federation of Accountants (SAFA), besides the International Accounting Standards Board (IASB). It has also become a founder member of the International Innovation Network. It has played a prominent role in the International Bodies through its nominees who have worked and are working on the governing Council as well as various Committees of those bodies.