ICAI

Hi Suma!
ICAI is the national professional accounting body of India. ICAI is the second the largest professional Accounting & Finance body in the world. However, the rapid growth and autonomy of the ACCA in the early 2000s, soon made ICAI the third the largest in terms of membership, the first being the ACCA. ICAI is the only licensing cum regulating body of the financial audit and accountancy profession in India. It recommends the accounting standards to be followed by companies in India to National Advisory Committee on Accounting Standards (NACAS) and sets the accounting standards to be followed by other types of organisations. ICAI is solely responsible for setting the Standards on Auditing (SAs) to be followed in the audit of financial statements in India. So, you can imagine how premium the institute is and what importance does it hold in our country.

Hi,
The mainstay courses for commerce students are CA CS and CMA. I know what exactly is your confusion, but I would like to inform. CS I. e company secretary is a professional who deals with all the legal aspects of any company. The main strengths of a CS is law. They are theoretically considered strong with specialisations in corporate laws, RBI, FEMA, IPR, mergers and acquisitions etc. On the other hand, cwa or cma I. e cost and works accountant or cost and management accountant are professionals with a strong base in costing and cost management. Although, course content is somewhat similar in all the three courses, but the weightage changes as per specialisation of the course you select. Think again what exactly out of the two you want. Have a brief look at the subjects, get an idea and then decide which course to take up. If you want, you can plan for both the courses too. Choose wisely.
All the best.
Feel free to revert.