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Maintaining high accounting, auditing and ethical standards will enable India’s corporate sector to be competitive with its global peers and lead India to strongly establish its presence in the world as an economic superpower.

MCX-SX, India’s new stock exchange, has been a perpetuator of financial literacy for aiding development of India’s financial markets. In this effort, MCX-SX has joined hands with Institute of Chartered Accountants of India (ICAI), to jointly promote the need of education, professional development, maintenance of high accounting, auditing and ethical standards among Indian corporates to help them meet international best practices.

The Institute of Chartered Accountants of India is a statutory body established under the Chartered Accountants Act, 1949 (Act No. XXXVIII of 1949) for the regulation of the profession of Chartered Accountants in India. During its nearly six decades of existence, ICAI has achieved recognition as a premier accounting body not only in the country but also globally. ICAI now is the second largest accounting body in the whole world.