This paper applies the theoretical framework proposed by McKinnon [1986] to the creation of the Institute of Chartered Accountants of India (ICAI) which represented an important change to the accounting system in India post-independence. The development of the ICAI is categorized into three phases: source, diffusion, and reaction. Intra-system activity, trans-system activity, and the socio-economic and political environments are shown to influence all stages of the change. Within these phases, the paper focuses on the involvement of the state in the development of the ICAI, credentialism and the importance of the title “chartered,” the disciplinary powers of the ICAI, and the issue of mutual recognition and reciprocity with foreign professional accounting organizations.
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1 December 2006
Research Article|
December 01 2006
THE CREATION OF THE INSTITUTE OF CHARTERED ACCOUNTANTS OF INDIA: THE FIRST STEPS IN THE DEVELOPMENT OF AN INDIGENOUS ACCOUNTING PROFESSION POST-INDEPENDENCE Available to Purchase
Sidney J. Gray
Sidney J. Gray
UNIVERSITY OF SYDNEY
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Online ISSN: 2327-4468
Print ISSN: 0148-4184
© 2006 American Accounting Association
2006
Accounting Historians Journal (2006) 33 (2): 131–156.
Citation
Shraddha Verma, Sidney J. Gray; THE CREATION OF THE INSTITUTE OF CHARTERED ACCOUNTANTS OF INDIA: THE FIRST STEPS IN THE DEVELOPMENT OF AN INDIGENOUS ACCOUNTING PROFESSION POST-INDEPENDENCE. Accounting Historians Journal 1 December 2006; 33 (2): 131–156. https://doi.org/10.2308/0148-4184.33.2.131
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