<h1>ICAI President Elected to IFAC Board, Representing 2.5 Million Accountants Globally at Berlin Meeting.</h1> The President of the Institute of Chartered Accountants of India (ICAI) has been elected as a Board Member of the International Federation of Accountants (IFAC) during a council meeting in Berlin. IFAC is a global organization representing 2.5 million accountants across 127 countries, focusing on strengthening the accountancy profession and contributing to international economic development. ICAI, established by the Chartered Accountants Act of 1949, regulates the profession in India and operates under the Ministry of Corporate Affairs. It manages qualifications, examinations, and professional standards, with regional councils and branches across India and chapters abroad.