The Institute of Chartered Accountants of India, a statutory body established under the Chartered Accountants Act, 1949 was set up in July 1949 for the regulation of the profession of chartered accountancy in
Bhubaneswar Branch of Eastern India Regional Council of the Institute of Chartered Accountants of India was setup on 16 September 1979. At present Bhubaneswar Branch is one among the Largest Branch of ICAI in eastern India having morethan 500 number of members.