The Institute of Chartered Accountants of India (ICAI),
set up by an Act of Parliament (The Chartered Accountants Act, 1949) established
ICAI Accounting Research Foundation (ICAI ARF) in January, 1999, as a Section 25
company (now section 8 company under the Companies Act, 2013) - a core research
body in the areas of accounting, auditing, capital markets, fiscal policies,
monetary policies and other related disciplines. Over the years, it has
accelerated its work programme as an academy for imparting, spreading and
promoting knowledge, learning, education and understanding in the various fields
related to the profession of accountancy. The ICAI ARF has undertaken and
completed many projects in the past involving basic and applied research.
The ICAI ARF believes that proper research inputs are necessary for raising the
level of corporate governance, management, accounting and financial reporting.
High quality research projects based on practical experience with theoretical extrapolations also provide valuable inputs in formulation of policies and implementation thereof at macro and micro levels. All the activities of the Foundation would be reinforcing and research shall be the nucleus of all the activities.