Which entity oversees the regulations and standards for Chartered Accountants in India?

The oversight of regulations and standards for Chartered Accountants in India is the responsibility of the Institute of Chartered Accountants of India (ICAI). This prestigious body was established by an Act of Parliament in 1949 and functions as the sole authority to regulate the profession of Chartered Accountancy in India. It sets the standards for education, training, and professional conduct that Chartered Accountants must adhere to, ensuring the integrity and quality of the profession.

The other entities mentioned do not have the same role or jurisdiction over Chartered Accountants. The Ministry of Finance may have an influence over broader financial regulations but does not specifically oversee the profession of Chartered Accountants. The Institute of Company Secretaries of India focuses on the governance and regulation of company secretaries, while the National Board of Accountancy Standards is not a recognized body responsible for Chartered Accountants in India.